This new contract in ChinaFor those of you who don't know where Shenzhen is, it's a 3rd biggest city in China, located beside Hong Kong, as big as Toronto. And a lot of Hong kong people would rather shop in Shenzhen instead of their own city because things are cheaper over there. I went there almost every time when I went back to Hong Kong for vacations, it's almost a MUST place to visit. (What do you think when you can purchase a family DVD player for CAD$28/no GST? lol...)
It's not only about this single contract, once Bombardier is being trusted by the Chinese Government, more contracts are falling into them as well. That's what happens in Nortel and Boeing, those Chinese contracts saved their butts.
Bombardier wins this contract is a very good news. i personally don't own any share in this stock, but will do so in the future.