Bombardier, maker of planes and trains and other things Message Board

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Gold/Mining/Energy : Bombardier, maker of planes and trains and other things

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To: Martin A. Haas, Jr. who started this subject	8/2/2001 1:53:01 PM
From: Carpe per Diem	of 1177

BBD has moved sideways for over a year now, digesting and consolidating the huge move made in late '99 and most of '00. I think the valuation (~28.5 trailing PE) is now reflecting fair value, and FWIW, I have added again to my position. BBD is on track to grow earnings between 30 and 40% this current FY (ends Jan 02) and I anticipate a move to $30 before the end of this FY and beyond $30 if results are at the high end of forecasts. That being said, BBD has grown to an enormous size, and it will be difficult to sustain these kinds of revenue and earnings increases in coming years. As growth slows and the premium comes off of BBD's valuation (lower PE), I can forsee BBD moving down and then sideways for many months. I think the loooong run on BBD's stock will continue for this year and next, and finally will end as the market for regional jets stabilizes and BBD groans under the weight of its massive size. Does anyone concur/disagree with the above? Rinks

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