December 30, 2013 Comments

On Monday, markets were relatively flat. Constellation Software rose 4.4%.

The Canadian dollar rose about a half. This reversed a similar decline on Friday.

Bombardier preferred shares are updated and rated Buy at $22.17.

Bombardier inc. is updated and rated Speculative Weak Buy at Canadian $4.64. Basically it appears to be in a low margin business. Due to extreme financial leverage the P/E is reasonably attractive but extreme financial leverage adds to risks. It may be well as its recent new aircraft production models become mature in several years. Overall it seems like a speculative stock.

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