CSeries prepares for takeoff

Article Excerpt

BOMBARDIER INC. (Toronto symbols BBD.A $4.68 and BBD.B $4.67; Aggressive Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 1.7 billion; Market cap: $7.9 billion; Price-to-sales ratio: 0.5; Dividend yield: 2.1%; TSINetwork Rating: Average; www.bombardier.com) plans to begin test flights of its new CSeries jet planes by the end of June 2013. The company’s plan to test the plane both in flight and using simulators should let it deliver the first CSeries in mid-2014. The subordinate-voting class B shares are the better choice because of their slightly better liquidity and higher dividend yield. Bombardier B is a buy. buy…