Post by
ITSUP2ME on Nov 29, 2024 8:54am
Tidbit
322 GMT - The threat of a 25% tariff on all things coming out of Canada sent Canadian business jet maker Bombardier's stock sliding lower. However, TD Cowen's Tim James says that if the tariffs are a negotiation strategy, business jets coming out of Canada may not be burdened by a price hike. "If correct, current weakness, which could persist short-term, is a great entry point, in our view," he says. Even if tariffs get applied, customers who can afford business jets can likely "take delivery/register aircraft in other countries regardless of residency, so a workaround may exist for an unknown proportion of U.S. customers." Shares are down 11% since Monday at C$94.60 but still up 78% year-to-date. (adriano.marchese@wsj.com)
Comment by
Shamhorish on Nov 29, 2024 9:15am
AS HE SAID " Even if tariffs get applied, customers who can afford business jets can likely "take delivery/register aircraft in other countries regardless of residency, so a workaround may exist for an unknown proportion of U.S. customers."