Bombardier Inc (B) (BBD.B.TO)

First fly this morning. It will be a massive confidence. Allows them to get orders.

Had the 1^st test flight of their C series today. Over the next while, you are quite likely to see an increase in orders, as people have been sitting on the fence waiting. In the meantime, they have had success in other parts of the aircraft division as well as several good additions to the backlog of the transportation end. Thinks there could be significant upside over the next year.

Historically he has not been a big fan because he has not seen a big creation of value. And he is not that bullish on global infrastructure.

A good business and there is good optimism about an uptick in aerospace and with the pickup on the economy, it could do well.

(Top Pick Sep 17/12, Up 30.52) He trimmed a little. You could see normalized earnings at $0.75. It had a good run and you should take some profits, holding some still. You will see entry into service next year in the ‘C’ series and you will get a jump in the stock price. More countries are spending money on transportation infrastructure now.

Industrials tend to move a little bit better over the winter. Chart indicates it is trying to consolidate. It is not Bearish but it is not Bullish either.

We are currently in a period of seasonal weakness for industrials. Chart shows an uptrend and has recently cracked down through that. Broken through its 50 day moving average and the 20 day moving average is currently lower.

Likes the space. Aerospace will grow for a long time. There is a little cloud regarding the ‘C’ series testing. We correct here and then move higher. You can acquire any time. Anything to do with aerospace is for the long term.

If you are going to speculate, he feels you can get a company with much better upside. The problem is the number of shares that are outstanding. Have a big backlog and decent products but this is a situation where they are competing globally with companies that have government support. The upside might be $1-$2 if everything goes well in the market. If you are going to speculate, he would go for mid/small caps where you could quadruple or 5X your money if everything works out the same way.

(A Top Pick July 16/12. Up 28.71%.) The big question is when are they going to get the C series up. Has been delayed twice and now they are not giving a definitive date for it. He expects it will go up before the end of September. Results have been very, very good but, at the same time there are risk factors. Have taken on a lot more debt which makes things a little iffier. Still likes. His target is just a shade under $7.

His model price is $5.72, a 20% differential.

(Worst call ever made.) Used computers to help sift stocks and this one looked relatively attractive. The lesson learned was to have significant Stop/Loss levels based on market relative, industry relative and moving averages.

Looks reasonable. ‘C’ series’ delayed again. This gives investors entry points. Has some support ($4.75) that should hold, good stop. Thinks we will continue to hear good news out of them.

(Market Call Minute.) Seems like a very competitive business and you are taking a risk if the C series doesn’t take off.

Has been acting very well. Historically it is strong from March until June until we get to the air show. It did that again this year. It had a typical correct and then broke higher.