Updating your Aggressive stocks: Bombardier, Leon’s Furniture, and Linamar Corp.

Article Excerpt

BOMBARDIER INC. $108 (www.bombardier.com) is a hold. The company now focuses solely on making private luxury and business jet planes following the January 2021 sale of its passenger railcar business to France’s Alstom SA. Bombardier is in the process of shifting production of its Global line of jets from its facility at Downsview Airport in Toronto to a new assembly site at Toronto’s Pearson International Airport. This new plant should cut its operating costs. Bombardier will probably earn $4.41 U.S. a share for all of 2024, and the stock trades at a moderate 17.9 times that forecast. Even so, rising costs for labour and materials remain a risk factor.  Bombardier is a hold. LEON’S FURNITURE LTD. $29 (www.leons.ca) is a buy. The retailer operates 300 stores that sell furniture and home appliances, mainly under the Leon’s, The Brick, and Appliance Canada banners. With the October 2024 payment, the company will raise your quarterly dividend by 11.1% to $0.20 a share from $0.18. The new annual rate of…