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

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To: Gilbert Drapeau who wrote (948)11/19/2001 7:28:11 PM
From: John BOYCE   of 1177
 
lot of bashing of BBD.B on Stockhouse, but I think the stock will go higher for the following reasons. The company is coming out with Q earnings after the bell tomorrow with estimates of .18 per share compared to .16. After the bell today, they announced a $66M Cdn purchase of 3 of their aircraft. On 22 November, company is hoping to work out compromise with Brazilian counterpart. More important they were mentioned in Barron's report over the weekend as leading company. Add the tech bounce to the markets lately and that is why stock is moving positively. The only thing that might slow it down this week is the US holiday, Tuesday will be last big trading day as US markets closed Thursday and 1PM Friday. Stock has huge short position but at these levels, still think there is upside potential. Take care John B.
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