Topic: How To Invest

The Successful Investor Hotline – Friday, October 13, 2017

Article Excerpt

BOMBARDIER INC., Toronto symbols BBD.A $2.34 and BBD.B $2.33, is the world’s third-largest maker of commercial aircraft, after Boeing (No.1) and Airbus (No. 2). It’s also a leading maker of commuter trains. The U.S. Department of Commerce recently announced that it would impose a 219.63% tariff on imports of Bombardier’s new CSeries passenger jet planes. That decision is based on an order from Delta Air Lines for 75 planes worth roughly $6 billion U.S., or 38% of Bombardier’s annual revenue of $15.8 billion U.S. As well, rival aircraft-maker Boeing Co. (New York symbol BA) has argued that subsidies from the Canadian, Quebec and U.K. governments lets Bombardier unfairly sell their planes at prices well below their cost. (Note: Boeing is a recommendation of Wall Street Stock Forecaster, our newsletter that focuses on U.S. stocks.) The Commerce Department has now proposed a second, anti-dumping duty of 79.82% on CSeries imports. That raises the total tax on those planes to 299.45%. The U.S. International Trade Commission…