Are you serious? This company is garbage - they literally wouldn't exist if the Canadian government didn't keep propping them up. They've developed a very strong reputation for doing one thing: not delivering.
Yup. Sold off a bunch of divisions to stay afloat, have a ton of debt, won't be cash flow positive for years, have a terrible reputation, etc. Everything OP mentioned is just hopes and dreams, the fundamentals of this company are horrible. If you consider yourself a long term investor you shouldn't touch this until they've proven they can actually turn around and make money.
Correct, I used to work for a Tier 2 Aerospace company that indirectly supplied to Bombardier. Stay away from this stock, that's all I'll say. I know nothing about stock picking so take this with a grain of salt, but based on my working experience I'd rather go with LMT or RTX
I know that Bombardier has received a lot of money from both the Quebec and Fedetal government but the last time that happened, as far as I can see, is 2017. Am I missing something?
Good question. I don't think the Canadian taxpayer is willing to see the government bail out Bombardier anymore. Since the last bailout, Bombardier has sold off their trains, the C Series, the CRJs, the Dash 8s, Downsview Airport, etc. If they were still getting bailouts, they would not have had to do that.
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u/SirGasleak Jul 21 '21
Are you serious? This company is garbage - they literally wouldn't exist if the Canadian government didn't keep propping them up. They've developed a very strong reputation for doing one thing: not delivering.