Lots of nervous nellies…… There are many reasons why Bombardier shares trade at a considerable discount. I won't waste your time with those details, most of you know them well.
The way I see it the shares don't have huge downside especially for patient people. Now if it's the only stock you own, it's another matter.
Unless orders have seriously declined (and of course a big challenge to maintain book-to-bill above 1 after 54? deliveries for q4).
How much do you think it might cost today to build an operational plant & global services facilities? Add manufacturing plus technology & expertise which delivers hundreds of world class private jets every year for some of the worlds brightest people & customers? My take is much of that cost is the evaporated development costs already incurred and now mostly discounted (negative book value).
There will always be lots of work ahead to remain competitive. After all the BS we've seen this company's previous missteps (weak board & family) has come a long way with way more transparency certainly simpler accounting. (From previous multi business accounting black box).
GLTA