Bombardier shares have fallen under $2.00. This is appears to be a terribly managed company although possibly the new CEO will ultimately be an improvement. Our report for this company has almost nothing good to say but I did conclude it might be a okay as a highly speculative bet.
With the shares under $2.00, the company now has the right to convert the pref shares to class B subordinate voting common shares. At the moment that would not be such a bad thing for pref holders as they would get closer to $25 worth of common shares (assuming he price stays close to $2.00) for each pref share which are trading at $15.25.
Bombardier has been a horrible investment for many years. If it pulls through it could offer a good return. But it has to be considered high speculative. I did add to my class B share position today. I am not at all sure that was a wise move.