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Enbridge (ENB): Q3 EPS of C$0.34 misses by C$0.01. (PR)

Enbridge (ENB): Q3 EPS of C$0.34 misses by C$0.01. (PR)

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  • Venerability
    , contributor
    Comments (3048) | Send Message
    Since SA seems not to have posted Bombardier's results, I thought I'd make a comment on this one, which most Canadians follow.


    Looks like a very nice report for Bomber: 20 percent beat on the bottom line and a very tiny miss in revenues, which was broadcast at the last earnings call. Important metric is a big, big build in backlogs. And judging by recent news about contracts for which they are frontrunners, those backlogs may dramatically increase again in the next quarter and for 2013 as a whole.


    As expected and also broadcast widely, they are delaying their first C-series flight until it's safe to make it. But since they are doing so much of their testing via simulations, we will probably get a steady stream of news about successful simulated flights from now on in. It's already started, in fact, and is being widely glommed onto by the aerospace press around the world - which so far is highly impressed. I think they will stress that in their conference call this morning at 10.


    Another piece of very good news, IMO, is their deciding to cut train division jobs in Europe, where the division is based, and - probably - shortly down the road announce that they are bringing them either to Canada, satisfying their restive labor force there, and/or to Plattsburgh, as a gift to Andrew Cuomo, an immense backer of the proposed high speed rail line between Manhattan and Toronto, Montreal, and Quebec City, with a possible spur to Buffalo and Niagara Falls.


    I know some of you don't like high speed rail, but it's coming to both the US and Canada very soon now. C-series aside, Bombardier is going to have a steady growth in positive name recognition when - not if, when, IMO - it gets most of the work on the New York-Canada line and possibly at least some of it on Las Vegas-Los Angeles-San Francisco, which is also probably now on tap at last.
    7 Nov 2012, 07:40 AM Reply Like
  • Venerability
    , contributor
    Comments (3048) | Send Message
    Also, in case SA editors read this:


    You need to post a Currents blurb on Pertamina's proposed bid for CEN - Coastal Energy. Although on the TSX, it is based in Houston and important now for the evolving story of a coming Energy drilling boom in the South China Sea.
    7 Nov 2012, 07:42 AM Reply Like
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