The Successful Investor Hotline – Friday, May 08, 2015

Article Excerpt

BOMBARDIER INC., Toronto symbols BBD.A $2.65 and BBD.B $2.63, plans to sell shares in its transportation division to the public. This business makes passenger railcars and accounts for 45% of Bombardier’s total revenue. The company expects to complete the sale in the fourth quarter of 2015. The new shares will mainly trade on Germany’s stock exchange because that’s where this business is based. Bombardier will hang on to a majority stake. Meanwhile, the company earned $170 million, or $0.09 a share, in the first quarter of 2015 (all amounts except share price in U.S. dollars). These figures exclude unusual items, such as costs related to its recent decision to suspend development of the Learjet 85 business jet. On that basis, the latest earnings beat the consensus estimate of $0.05 a share. They are also up 12.6% from $151 million, or $0.08 a share, a year earlier. Revenue gained 1.0%, to $4.40 billion from $4.35 billion. Bombardier recently raised $3.1 billion by…