Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: marek_wojna who wrote (20501)	6/29/2002 6:11:03 AM
From: EL KABONG!!!	Read Replies (1) of 74559

marek_wojna, Last 4 months I was active trading Bombardier back and forward sometimes twice a day since they heavy in portfolios of mutual funds. I stopped this week as the first cockroach regarding their accounting hit the waves. What have you heard about accounting problems for Bombardier? I have searched all of the news outlets and can find nothing indicating any problems. Although I have no current investment in Bombardier, I do have them ranked quite high on my "A" list of potential long term investment opportunities. So if they have any problems, even merely the rumor of a possible problem, I'd appreciate it very much if you could let me in on the hearsay. As a matter of fact, I have Bombardier ranked #1 as the best available Canadian stock to play for the long term. The only "bad" thing I can find on them (for citizens of the USA) is that because they trade only on the Toronto Exchange, citizens of this country are subject to foreign taxes on the dividends (and capital gains when sold). I'd like them a lot more if they also traded on a US exchange, even in ADRs. Thanks. KJC

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