Post by
vonSachsenanhal on Dec 08, 2022 4:30pm
Anyone getting margin on their Bomber stock?
My broker (BMO Investorline) still hasn't reinstated margin since bbd.b fell below $2 PS. It's been a while! I called them last week and it seems they will $50 as $2. So once it stays over this threshhold for several weeks margin should return. This could be an extra boost for the stock early in the new year.
Comment by
Nordico on Dec 08, 2022 5:23pm
RBC has given about 30-35% margin loan on the commons since the reverse split (was zero prior).
Comment by
vonSachsenanhal on Dec 08, 2022 5:31pm
Interesting. Thanks for letting me know. BMO is being pretty stupid about this, treating shares as if they are worth zero or could go to zero at any time. Especially when their own analyst's target for Bombardier is $65!
Comment by
Nordico on Dec 08, 2022 6:00pm
Yeah if RBC hadn't implemented it I would have needed to buy a chunk of ITM long-dated call options to get my desired leverage; I imagine the premiums on Bomber options are quite high now though.