Bombardier Inc. T.BBD.A

Alternate Symbol(s): BDRPF | T.BBD.PR.B | BDRXF | T.BBD.PR.C | T.BBD.PR.D | BOMBF | BDRAF | T.BBD.B | BDRBF

Industrials Aerospace & Defense

Bombardier Inc. is a Canada-based manufacturer of business aircraft with a global network of service centers. The Company is focused on designing, manufacturing and servicing business jets. The Company has a worldwide fleet of more than 5,000 aircraft in service with a variety of multinational corporations, charter and fractional ownership providers, governments and private individuals. It operates aerostructure, assembly and completion facilities in Canada, the United States and Mexico. Its robust customer support network services the Learjet, Challenger and Global families of aircraft, and includes facilities in strategic locations in the United States and Canada, as well as in the United Kingdom, Germany, France, Switzerland, Austria, the United Arab Emirates, Singapore, China and Australia. The Company's jets include Challenger 350, Challenger 3500, Challenger 650, Global 5500, Global 6500, Global 7500 and Global 8000.

TSX:BBD.A - Post by User

Bombardier Inc. > Selloff should end around $85

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Comment by flamingogoldon Nov 14, 2024 7:14pm

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Post# 36313924

RE:RE:RE:RE:Selloff should end around $85

ok I have that guy on ignore so don't see his posts. I think we could possibly bottom next week then sideways for awhile before trending back up towards year end.

Nordico wrote: No; was referring to GoldBug saying 'if it crashes past $80 look out below', as if it would need to continue plummetting.
flamingogold wrote: I don't know if you were referring to me as an obnoxious troll with my mid 80's price target. Let us remember this stock is often attacked by shorts and what it should be trading for and what it does trade for occasionally goes out of whack.

Last year was another great year for Bombardier yet we managed to drop 46% from March to October. I don't foresee that repeating this year, but 25% peak to trough ($113 to $85) is not outrageous before we move back up again. I'd certainly like to be wrong, but as I said it's all theatre. They are buying back shares now and the fundamentals are only improving YoY.

Nordico wrote: I would be shocked if they can push it down another $6 - it's already very overdone (over $22 off the October intraday high is crazy) and must be meeting considerable resistance around $91. Not to mention Bomber I expect from here on may be adding 20-40k shares to the bidding side daily (7.5 to 12.5% of the daily average volume), and they could potentially ramp this up to 75k max. Coming into November they still had over 1.5 million shares that can be purchased on the buyback plan ending April '25.

flamingogold wrote: If the uptrend is to continue with higher highs and higher lows, then we should bottom around mid $80's s. Of course, there could be a little over shoot. Below $80 spells a lot panic and doom and gloom. All unwarranted of course. Tariffs hit the middle class and lower folks. Not billionaires.

Q4 will be strong and should see buying return end of December and onwards.