Updating Bombardier, Transcontinental and Precision Drilling

Article Excerpt

BOMBARDIER INC. $6.51 (www.bombardier.com) may close its train plant in the U.K. That’s because the company lost a $2.2-billion contract to supply 1,200 passenger cars to a rail system near London (all amounts except share price in U.S. dollars). Even so, Bombardier’s rail division has an order backlog of $33.5 billion. That’s twice the company’s overall revenue of $17.7 billion in the fiscal year ended January 31, 2011. Best Buy. TRANSCONTINENTAL INC. $16 (www.transcontinental.com) will become the exclusive Canadian seller of advertising on About.com and its related web sites, Netplaces.com (general information) and CalorieCount.com (dieting information). These web sites receive 5.8 million unique Canadian visitors a month, so this new deal should help Transcontinental profit as advertisers spend more on Internet advertising. Buy. PRECISION DRILLING CORP. $14 (www.precisiondrilling.com) plans to build 28 new drilling rigs in 2011, including 16 of its Super Series models, which use horizontal drilling techniques to extract oil from hard-to-reach deposits. The company already has longterm…