RE:Impressive week.BBD is making a welcomed comeback. I was a CSeries believer so, while I currently hold a green position thanks in part to adding during the 2020 covid lows, the majority of my free cash during that once in a lifetime opportunity (if we can even call it that) went into other distressed sectors like SRV.UN in hospitality and split shares like DGS. Both are paying me each 4 digits in monthly distributions, one of which is in my wife's TFSA where Christia can't touch us. My BBD shares are all held in my own TFSA account where I hope to see a similar home run. I have waited 7 years to date so I can wait another 5-7 for a possible future forward stock split and dividend re-instatement. It's coming, just a matter of when.
lb1temporary wrote: I had the chance to add some options thuesday and wednesday. So, best day ever thursday and best week ever .
Five days ago, I made a 50-52$ SP forecast for this surge, but I was wrong. It's stronger than anticipated. We will have a plateau or a slow regular rise the weeks ahead till the next surge in january and february ( 400 M$ released, debt buy-backs, results and new objectives). All forecasts are valuable given the Bombardier's SP is still at 2,08$ Pre-split with a far more stronger proposition than last year.
Enjoy this moment, I had only 2 others moments like this in the past 15 years. Many shares could enjoy surges but it's always with a gamble about future, the part of the unknown is far larger than with the actual Bombardier proposition. Thanks partly to the CCAR offering us information like an insider (..and the Sham's and July's table)
The others moments I had was Air Canada surge in 2017 ( another recovery story with the market late to understand the positive signals) and the Canadian banks in the 2008 financial crisis ( the can. banks shares sank like rocks like others global banks while their operations notably the bad bebt were in no way affected). The returns were not expressed in % but by multiple (X).
These situation are jewels with a exceptional unbalanced risk\reward proposition. I always take care of irrational exuberance which is a too much hopes-based forecasts instead of almost certainty facts (deliveries). In the Bombardier's case hopes only starts at 125$ and more (only my opinion but everyone can put his line where he thinks, all are good at this point).
Enjoy the ride.