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BOMBARDIER INC. is still a hold. The company (Toronto symbols BBD.A $1.28 and BBD.B $1.07; Aggressive Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 2.4 billion; Market cap: $2.6 billion; Price-to-sales ratio: 0.4; Dividend suspended in February 2015; TSINetwork Rating: Speculative; www.bombardier.com) mainly makes business jets for the private sector, but is slowly expanding sales to military clients. Bombardier recently won a new order from the U.S. Air Force for one Global 6000 jet, with options for five more aircraft. The USAF uses these planes to extend the communications range between central command centres and ground forces in areas with transmission obstacles such as mountain ranges. If the USAF exercises all of its options, the entire contract would be worth $465 million U.S., or 7% of Bombardier’s annual revenue of $6.3 billion U.S. However, Bombardier’s total debt of $9.34 U.S. billion is a high 4.4 times its market cap. That’s a major risk factor, particularly if interest rates start moving up. Bombardier is still…

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