Posted on 28/11/03
Is Bombardier for real yet? Are there foreign funds the high dollar can't hurt?
DEAR DOCTORBombardier shares have almost doubled recently. Has the company finally turned the corner?-Bombarded, WinnipegDear BombardedHere's the short answer: no.True, Bombardier's shares have rebounded. After sliding from $26 in September, 2000, to a low of less than $3 this March, they had climbed back to around $6 by October. Investors like tough-guy CEO Paul Tellier, who took over in January. But you have to wonder if that gain is too much, too soon.
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