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Strategies & Market Trends : Dino's Bar & Grill

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To: Goose94 who wrote (46630)7/19/2018 8:21:58 PM
From: Goose94Read Replies (1) of 203605
 
Bombardier (BBD.B-T) top pick Tim Regan on BNN.ca

As of July 1 Bombardier is only a minority owner of the CSeries, the development of which has cost the company so much. Airbus, the new majority partner, has taken no time to make its presence felt. On July 8, Airbus announced a massive order from JetBlue Airways for 60 new planes with an option on an additional 60. JetBlue will replace its current fleet of Embraer A190 regional jets with the now renamed A220. As we’ve maintained, this is an exciting new plane with substantial cost advantages.

Atmosphere Research Group fleet analyst Henry Harteveldt said that this is a "completely new airplane" with a fuel efficiency that would allow JetBlue to carry "20 to 30 more passengers for free." The airplane is a big leap forward and we expect more major orders to follow.

Bombardier stock, which we have suffered with for a few years, has been one of the best performers in our portfolio this year and we’re confident that the outlook is still rosy. Average cost: $3.70. Most recent purchase: $3.80. Value estimate: $8.
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