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Strategies & Market Trends : Dino's Bar & Grill

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To: Goose94 who wrote (16304)	3/28/2016 9:09:56 AM
From: Goose94	Read Replies (1) of 202828

Bombardier (BBD.B-T) may be able to unload most of the CSeries onto the federal and Quebec governments if "Bailout 3.0" is approved. Scotiabank to upgrade the company's shares. Bombardier has asked the feds for $1-billion (U.S.), matching Quebec's contribution. If the company's wish is granted, the troubled CSeries jet program will probably be spun out into a separate entity that will be split evenly between Bombardier and the two levels of government, said analyst Turan Quettawala. "We have written extensively about why we believe the CSeries is very unlikely to add positive value to Bombardier's equity," he wrote in a note to clients. "As such, if Bombardier can sell 66 per cent of the CSeries to the government for US$2 billion, that implies some value creation." Mr. Quettawala estimates that the shares could rise to $1.75 if the CSeries is hived off. As a result, he upgraded Bombardier to sector perform from sector underperform but cautioned that "nothing has changed fundamentally." He added, "While we are not Bombardier bulls ... we think that there may be near-term upside to the shares post this restructuring."

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