Bombardier Inc. T.BBD.A

Corruption...ben non !!!

[naissance17]

Bombardier: le fabricant canadien d'avions d'affaires a declare mardi qu'il n'avait trouve aucune preuve d'actes reprehensibles sur la base des informations actuellement connues de l'entreprise, apres que le fonds souverain norvegien l'ait place sur une liste de surveillance en vue d'une eventuelle exclusion des investissements en raison de problemes ethiques. Norges Bank, qui gere le fonds, a annonc lundi dans un communique qu'elle avait place Bombardier sur cette liste en raison du «risque inacceptable que l'entreprise contribue la corruption ou en soit responsable».

[Luckyeleven]

Where there is smoke there is usually fire. Not sure what is going on but I'm sure there is some truth with both parties. 

[flamingogold]

You assume the fire is in BBD's house. There are two sides of every coin. How is it that no other central bank or fund is making this claim? The fraudulent claim is based on "allegations and suspicions". With all the hate for BBD, I would not be surprised to hear this is false information in a malicious attempt to devalue the shares.

[Luckyeleven]

I don't assume anything but maybe some truth since the stock is been getting hit the last few months. In my post I made it clear it was nuetral with no assumptions made but you have to pay attention to all news not just the good ones. They beat earnings and reiterated guidance and here we are, why?

[flamingogold]

This is a heavily manipulated stock, that's why. If you hand around long enough you will realize that it trades down hard on bad news and lightly up on good news and moves up the most when you least expect it on hardly no news. This "allegation" is no different than the bond holders complain just before stellar news. So... where's there's smoke. there is NOT always a

[ITSUP2ME]

Lol...Like all stocks...

[Luckyeleven]

If your read my post I didn't say always fire. I have followed the stock and company for a very long time so not a newbie to BBD although just recently started to trade aagin after many years. I have always seen them as a low quality investment and hard to trust. I do think and hope they are turning their act around at some point regain trust from the investment community and markets. Again

[Shamhorish]

flaminggold,,,,LOL, you are absolutly right "it trades down hard on bad news and lightly up on good news and moves up the most when you least expect it on hardly no news." and yes as you said "where's there's smoke. there is NOT always a fire... but someone's plan." clear, precise that describe how bbd.b is traded and manipulated thanks

[Greenday]

What is the actual allegation about?  Anybody see it?  There is an old bribery charge out there but it's old news that wouldn't have moved the market on Monday.  My suspicion is that somebody with the Norwegian wealth fund made a statement about the voting rights of class A and class B shares as voting rights are very often a contentious issue for institutional investors

[clubhouse19]

Talk about making a mountain out os a mohill. here is the list of companies in the Norway wealth fund mmanaged by Norge bank that is on the surveillance list.   Of course the bomber is divested from transport . Look at the companies...this is a huge fund the rules of ethics are part of the controls. https://www.nbim.no/en/the-fund/responsible-investment/exclusion-of-companies/

[clubhouse19]

near all of those companies are on the Exclusion list  Even Boeing and Cdn natural resources. list

[Greenday]

@ clubhouse19 - Good find.  Appears that the Council that assesses risk for the Norwegian fund isn't completely satisfied with anti-corruption protocols in place at BBD.  However, the actual allegations of malfeasance at the center of the report relates to the transport division before it was divested.  At the end of the day the Coucil is only doing due diligence for the fund.