RE:Two things I am trying to see if I can dig deeper.
New Bombardier is not on US exchanges but trades in US in over the counter as BBRBF. Average volume of 42k so about 10% of shares. In Canada BBD.B average volume 481.6k
Yahoo finance list Held by Insiders as 1.45% and Held by Institutions as 17.16% (mutual funds like Vanguard and ETFs, there are about 98 of these)
So, I end up with:
Insiders 1.45%
Institutions at 17.16%
US-OTC at 10%
Total 28.61%
Therefore, Canadians retail investors own 71.29%
To me this explains the low P/E ratio. 1) Canadians financially stressed, and need to understand that this is the New Bombardier not the old and 2) Institutional ownership needs to increase.
So, the New Bombardier is dealing with issues that concern the Institutional Owners – Debt etc. Institutional Ownership will increase, as these improve.
I think the New Bombardier should have a P/E ratio of 20, i.e., stock price should be about $140. (CAE has a P/E of 30 and Held by Institutions is 72%).
This is going to take time to sort out. I am confident New Bombardier will succeed.
All the best.
Snowey.