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BOMBF - Whether There Is Value In Bombardier Preferred Shares
Bombardier Inc. Pfd Ser 3 Adjustable Series
There have been a number of well-written pieces on Seeking Alpha describing the plight Bombardier (BDRBF) over its history as a publicly-traded company. Bombardier's creative accounting, history of bail-outs by federal and provincial governments, and incompetent leadership are beginning to catch up with it, as its voting (BDRAF) and subordinate-voting (BDRBF) shares trade at all-time lows. However, Bombardier preferred shares have fared a little better, up significantly off their 52-week lows. Bombardier's preferreds are trading with yields in the distressed territory, do they warrant a speculative investment?