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Bombardier Shares


Guest McChicken
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Guest McChicken

I was just reading the online news at cbc.ca and seeing as i've been outta touch for a while, i just have to confirm something - are BBD shares really down to $3.42? weren't they at the high 20's before 9/11?

if so, wow.

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You certainly have been out of touch, on an interplanetary voyage perhaps :)
Sept 2000, Bombardier shares were $24.85 and were well recommended by Merril Lynch.
They also liked and recommended Nortel @ $106.70, JDS Uniphase @ $153.55. There were some, suggesting that AC could reach $27.00.

They are now, Bom $3.42, Nortel $3.12, JDS $4.45.
they also liked GE at $46 which is now $26.60.

AC as you know is $2.77 (guess the decimal point slipped).
Guess you can't single out Merril alone as goats, the Quebec pension fund and Ontario teachers have lots of red ink. There are not many who have avoided some sort of a meltdown but it does give me a rather jaundiced view of the "analysts".

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