RE:Elliot wave theory !Your post caught my attention because I'm a strong follower of long term trends.
Based on price sentiment over time periods and a little math + assumptions, etc.). The short of the message here of the theory is an excellent example of a long term trend reversal at work:)
Bombardier is a work in progress. I certainly welcome anyone's comments on the turnaround situations.
This company has always shown above average engineering capabilities (especially so in aerospace) and an important & considerable amount of "can do" attitude, capabilities & skills. Also and importantly a sufficient tenacity to get the job done.
The BEEF of the story is at what cost? Sometimes (often?) ON THE BACK OF SHAREHOLDERS and often with some government.assistance (loans continue to be repaid:).
(I'll leave the eat their own portion of the story for another discussion).
We are seeing a remarkable business turnaround from a company who after decades of trying to grow in markets which are capital intentive and extremely competitive AND most often strongly supported and subsitised by their own countries goverments.
Finally, a simple and well focussed company managed by capale individuals!
GLTA