BOMBF - Bombardier Stock Tumbles: Free Cash Flow Guidance Fails To Impress
2024-02-09 15:17:37 ET
Summary
- Bombardier Inc. stock has gained 128% since June 2022, outperforming the S&P 500 Index.
- Fourth quarter earnings showed strong execution but pressures from supply chain challenges.
- Guidance for 2024 earnings disappointed investors, but Bombardier stock is still undervalued with a potential for 48% upside.
In October 2023, I covered Bombardier Inc. (BDRBF, BDRAF, BBD.A:CA) stock, putting a Strong Buy rating on the stock. Those that have been following know I have been bullish on Bombardier since June 2022 . Perhaps for good reasons, since my report in which I attached a buy rating to Bombardier stock, the stock since has gained 128%, easily outperforming the 28% return for the S&P 500 (SP500)....
Bombardier Stock Tumbles: Free Cash Flow Guidance Fails To Impress