RE:Lots of Misinformation being posted here about Bombardier Noliess wrote: # 1 Bombardier will be listed NYSE
False ... Bombardier has a dual class stock structure. The family controls the Class A voting shares but doesn't control the majority of the shares. The NYSE won't allow them to list unless that structure is changed . The family won't give up control so they can be listed in the US.
# 2 Bombardier to hit 400
What are you Smoking? There is no information out there to suggest this . No info from any analyst or the companies own projections. People on this board thinking this stock is going to split. You do realize they just consolidated 25 to 1 a few years back. To suggest they will start splitting again is foolish
#3 Bombardier stock is going down because it's being shorted
I've read this many times on this board. Guys stocks go up and down and most times it has nothing to do with short positions. People here claim institutions are driving the price down. If you feel that you shouldn't be in the market. BTW Bombardier's short position DECREASED 6% over last month but the priced dropped from 113 to 90
#4 Bombardier will introduce a dividend soon
If you owned bombardier and stated to your shareholders your goal is to pay down debt which sits at 7.75 billion as of Sept why would you pay a dividend and not put that money in debt reduction.?
Bombardier is a great company with an excellent product line and a positive future. They are working hard to increase margins and pay down debt. I own lots of shares and don't want a person new to the market make an investment decision based on what I believe are inaccurate claims. Good luck to all Bombardier investors.
#1 I am not an expert on NYSE listing rules but doesn't Berkshire Hathaway listed on NYSE have Class A and B shares. Class A shares have 10,000x more voting power than Class B while Class A shares trade at ~1500x the price of Class B. Also Meta has dual class voting shares and trades on Nasdaq. We don't have to list on NYSE, Nasdaq is a great option too.
#2 IMO, I don't see Bombardier splitting again.
#3 - good info on shorting, honestly I don't follow the short numbers. I agree stocks go up and down and its only natural, its nothing to be concerned about.
#4 what is your definition of "soon"? Mine is 18 months and based on a comment of shareholder rewards made earlier this year at an ER I can see a dividend in 2026. By then the net debt will be down to a net debt/EBITDA ratio of <2.0x, or investment grade. I've posted here recently I would much rather see money go to pay down debt than buying shares back for cancellation. From a tax perspective its good BBD keeps the hope up for a dividend because that makes any interest tax deductible from the capital gain.