Bombardier Inc Class B (BBD.B)

[MarketShark]

Well what a surprise to see you posting here dad4x!!! I swear to you I did not look at your post history to get here, I am heavily invested in BBD.B for a few months now!

NOW THIS IS A STOCK WORTH DISCUSSING ABOUT!

I will start you off with this, have you seen/read this article posted today June 10th 2016:
Air Canada to finalize order next week **Edit: link does not work but you can Google 'Air Canada single-aisle order lifts Bombardier' to find it.

If not, here is the copy/pasted artcile:

Air Canada hopes to finalise an order of 45 Bombardier C Series planes as early as next week in a move that will add momentum to the Canadian jet maker’s sluggish sales of its newest single-aisle ­aircraft.

Air Canada signed a letter of intent to buy as many as 75 of Bombardier’s new C Series planes in February but is now ready to convert those orders to firm sales when a team of its senior executives head to Ottawa next week.

“We hope to finalise the documents on those next week,” Air Canada’s vice-president of global sales, Duncan Bureau, told The Australian.

“We have a team in Ottawa next week working with the government and Bombardier to finalise that agreement so we are expecting to firm that order up in the next few weeks. It would be 45, probably firm (orders), and then options for up to 75.”

The imminent finalisation of the order comes after Bombardier received a huge vote of confidence in its new aircraft in April when US carrier Delta, the world’s largest airline by market capitalisation and the No 2 US airline by passenger traffic, made firm ­orders for 75 planes and options for 50 more.

With Delta’s confirmed orders, Bombardier will hit its target of having firm orders for 300 aircraft by the time the jet enters commercial service next month.

With Air Canada’s orders added in, Bombardier has now secured about 370 firm orders for its 100-seat C Series 100 and 130-seat C Series 300 planes, which promise fuel savings of up to 20 per cent.

Those sales will help Bombardier dent the near-duopoly that Boeing and Airbus have commanded in the aeroplane market for the past two decades and establish Bombardier as a serious contender in the manufacture of single-aisle aircraft.

But the plane maker’s efforts to crack that market have come at a heavy cost for Bombardier, which has poured more than $US5 billion ($6.69bn) into production costs and written off more than $US3bn following close to three years of delays to its schedule.

The delayed program forced Bombardier in October to sell a 49.5 per cent stake in its business to Quebec’s provincial government for $US1bn cash.

Significant discounts, rumoured to be as high as 60 per cent, on the new plane have flowed to Delta and Air Canada to secure their business but Bombardier remains adamant the program should break even on a per-plane basis around 2021.

The planemaker expects to ship as many as 20 planes this year and about double that by 2017. Annual output is expected to reach about 120 aircraft a year towards the end of the decade.

Air Canada’s order is for the larger capacity C Series 300, which can seat between 130 and 160 passengers but it has options to convert to the smaller C Series 100.

“Air Canada has a responsibility to Canadian aviation and Bombardier has a great Canadian product,” Mr Bureau said.

“It’s a great aircraft and meets the needs of the 100-seat configuration that will allow our regional carriers to operate effectively and competitively.”

Air Canada is expecting deliveries of the new aircraft to begin in late 2019 and extend to 2022.

“It’s a very competitive market in North America and there is certainly growth in low-cost carriers and there has been in the US consolidation through merging and acquisition,” Mr Bureau said.