Bombardier: Buy-and-Hold Investors Should Search For Other Opportunities
Will Bombardier Survive the Pandemi...
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October 26, 2020 - by Andrew Walker for ca.finance.yahoo.com
Bombardier (TSX:BBD.B) faces serious challenges today. Should investors buy Bombardier stock on the hopes of a rebound?
Bombardier stock chart
A quick look a Bombardier's stock chart over the past 20 years provides a good indication of how the company fared in its battles to be a leader in the global rail and jet industries. In October 2000, Bombardier traded for more than $25 per share. Today, the stock sells for a mere 32 cents.
Savvy traders made some good money along the way. Buy-and-hold investors, unfortunately, have mostly lost their shirts.
Contrarian investors might be tempted to see the stock as oversold and jump in at this point on the hopes of another upswing, but caution is warranted.
Bombardier spent the past couple of years selling off most of its operations to reduce its debt load.
- Charles Bombardier Priority #1 : "keeping control of the company ... ›
- Bombardier Inc - Its Real Value - by Sylvain Faust - FliegerFaust ›
- About one-third of Bombardier's roughly $9.5-billion in pension ... ›