Topic: How To Invest

The Successful Investor Hotline – Friday, June 7, 2019

Article Excerpt

BOMBARDIER INC., Toronto symbols BBD.A $2.19 and BBD.B $2.07, is one of the world’s leading makers of business jets and commercial aircraft. The company also owns 70% of Bombardier Transportation, a leading maker of commuter trains. The Caisse de dépôt et placement du Québec, which manages the province’s public pension plan, owns the other 30%. The stock rose 4% this week on news that Bombardier is negotiating to sell its CRJ regional jet business to Japan’s Mitsubishi Heavy Industries Ltd. That business makes mid-sized jet planes that typically carry between 50 and 100 passengers. The sale is part of Bombardier’s long-term strategy to focus on its more-profitable business jet and railcar operations. As part of that plan, it recently completed the sale of its Q Series turboprop aircraft operations to Longview Aviation Capital Corp. (parent company of Viking Air Ltd.) for $250 million U.S. To put that amount in context, the company lost $122 million U.S., or $0.07 a share, in the first…