Topic: How To Invest

The Successful Investor Hotline – Friday, January 26, 2018

Article Excerpt

BOMBARDIER INC., Toronto symbols BBD.A $3.56 and BBD.B $3.54, is the world’s third-largest maker of commercial aircraft, after Boeing (No.1) and Airbus (No. 2). It’s also a leading maker of commuter trains. The stock jumped 15% on Friday after a ruling by the U.S. International Trade Commission (ITC) siding with Bombardier and rejecting a claim by rival aircraft maker Boeing Co. (New York symbol BA and a recommendation of Wall Street Stock Forecaster). That U.S. competitor accused Bombardier of selling its new CSeries passenger planes in the U.S. below cost. The ITC rejected that argument and has now lifted a tariff of nearly 300% on CSeries planes imported into the U.S. Bombardier recently agreed to fold its CSeries operations into a new joint venture with European aircraft maker Airbus SE. Under the terms of the deal, Airbus will acquire 50.01% of the CSeries program. Bombardier will then hold 31% of that venture (down from 62%), with the Quebec government owning the remaining 19%…