Q: Hi Peter & Co.,
You gave me a fairly bearish response to a question I had on Bombardier last year, resulting in me selling half of my position. Thanks for that, obviously I regret not selling the entire thing. They have just announced layoffs, and Canaccord Genuity has stated “We are concerned that continued cash outflows from the program could put pressure on the company’s liquidity position, possibly resulting in a dilutive equity issue,” which of course has been one of your biggest criticisms for BBD.B. Is it time for me to right my wrong and dump the remaining half position, or is most of the bad news already baked in to current price, and just continue to hold (as part of an otherwise fairly good mix of industrials)?
Thanks Team.
You gave me a fairly bearish response to a question I had on Bombardier last year, resulting in me selling half of my position. Thanks for that, obviously I regret not selling the entire thing. They have just announced layoffs, and Canaccord Genuity has stated “We are concerned that continued cash outflows from the program could put pressure on the company’s liquidity position, possibly resulting in a dilutive equity issue,” which of course has been one of your biggest criticisms for BBD.B. Is it time for me to right my wrong and dump the remaining half position, or is most of the bad news already baked in to current price, and just continue to hold (as part of an otherwise fairly good mix of industrials)?
Thanks Team.