Opinions David Cockfield
Bombardier Inc (B)BBD.B.TOHOLDOct 22, 2013
Stock price when the opinion was issued
As of Sep 09, 2026. Market Open.
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Doesn't think drop is a trade issue (but he's not super-close to the stock). Business jet travel has continued to grow. Partial jet ownership a huge growth driver. Competitive products. Over time, pretty well positioned.
Surprised how weak it's been, all things considered. He'd be a cautious buyer.
Top-ranked stock in his team's Canadian stock RSI universe. The aerospace and defense sectors are usually fellow travellers. But interestingly, we recently saw defense coming off (perhaps with Iran peace talks) and aerospace taking off. No dividend.
(Analysts’ price target is $325.36)
Colin Cieszynski
Aerospace is a great and growing industry. Catalysts for positive change, such as Canadian contract and potential NATO contract. Paid down debt, has become a pure-play business jet leader. Now has a dynamite balance sheet. Strong jet-delivery growth, margins expanding.
New order book grew 43% in past year. Services increased 25% YOY. Will generate $1B in 2026. No dividend.
David Burrows
Pretty impressive. From near-bankruptcy to where we are today. Debt brought down, leverage profile now 2.6x (fairly good). Canadian government contracts, tailwinds from defence spending. Good growth profile. Increased FCF probably put to buybacks instead of dividends.
It has had a very successful turn-around. It sort of downsized in 2020 and focused on business jets. At that time there was too much debt but the balance sheet is much improved now. The price then was around $10 so it has been a 25 bagger in 5 years. Since it is priced much more fully now, he would trim and not add.
Doing very well. Best player in private aviation. Last week's White House tweet is a TACO Trump opportunity. Made US acquisition today, so it's not retrenching. Likes it.
Brian MaddenClassic example where you can't overreact to the news. When that announcement from the US came out the stock saw a bit of a dip, which has now mostly been recouped. Good company, good stock. It's all about political posturing, and sometimes companies get caught up in that.
Phases 1, 2, and 3 of the business cycle are the expansion phases and they typically last a year. His team believes that last year was phase 1, so now we're in phase 2. This matters because industrials typically do well in phase 2.
Likes it, chart looks great. He'd continue to hold. If it goes up another 1%, you could trim that 1%. If it takes out somewhere in the $240 range (which is a pretty good level of support), that's when he'd trim a bigger portion. A move below $240 indicates that something significant is happening.
Market-leading capabilities. Best of breed, ahead of competitors. Building good after-market parts and service business -- not exactly recurring revenues, but predictable. Small, but growing, business selling to NATO allies. Lots of ways to win. Likes it here.
Brian MaddenContinues to execute. We have this K-shaped economy, and this name is at the top end of the K. Continues to build more business jets and sell more. Newer, faster jets are in demand from top corporate clients. Multiple defense initiatives, such as with Saab. Good work getting balance sheet in order, numbers continue to accelerate. Likes it here.
Bruce Campbell (2)
Waiting for the C series to get off the ground and with the delays along with everything else, he did not take a position in this one. (Stock has shown that other people have more faith.) On the basic business, rolling stock of subways and trains, they do an excellent job but it is very low margins. The risk on the airline side is fairly high. Have just signed some contracts for some sales and it may be that this is the time the stock will really take off.