A lot is going on right now for the TSX. First of all, the TSX closed today session at 15 816.90 points. I am not richer than yesterday because strangely, my non-registered closed lower today. Too bad because I was on road to become the Queen of the TSX.
Bombardier Inc. is desperately trying to push the sale of its CSeries by enrolling in a partnership with Airbus. I never really been impressed with Bombardier. By getting under the arms of Airbus, they had chosen the easiest solution. Under its CEO Alain Bellemare, Bombardier is not doing really well. In Alain Bellemare, I only see a man of an extreme freshness and extraordinary arrogance. The type of man you want to avoid at any cost.
With this so-called good deal, Bombardier is losing its most valuable asset, the CSeries, and now, Airbus will get all the rewards and profit. The worst part is, that jobs may not be secured and might not stay in Canada. And us, Canadian citizens, we have injected millions and millions of our tax money into what is now best know as a garbage company. Anyhow, I am done with Bombardier, its just such a ridiculous company and it doesn't worth the attention of any serious investors.
On the other hand, today was a bright day for Boralex Inc. (BLX). I didn't know that company before, but I knew them without knowing. I am from New Brunswick and I travel back and forth to Montreal-New Brunswick on and on and on. ;) And when I leave my dear New Brunswick town in direction of Quebec province, I can see these huge wind turbines right on top of a mountain. And when I see those turbines, it becomes clear, I am leaving New Brunswick to Montreal...
Anyhow, it happens that Boralex Inc. (BLX) had been around for quite sometimes. Boralex is right in a sector that I wanted to expand my portfolio in: renewable energy. It had been in the past a property of Cascades, another Quebec company, but they sold all their shares to reduce their debt. In result, the Caisse de dépôt et placement du Québec is now the majority shareholder. BLX pay a dividend, closed to 3%. One thing I really like about BLX is that only 6% of their business is done in the USA. 53% in Canada, and 41% in France. It's not like if BLX really relies on the US to realize its profit, and this is really a good thing. It plays in the favor of the company, and on mine.
Bombardier Inc. is desperately trying to push the sale of its CSeries by enrolling in a partnership with Airbus. I never really been impressed with Bombardier. By getting under the arms of Airbus, they had chosen the easiest solution. Under its CEO Alain Bellemare, Bombardier is not doing really well. In Alain Bellemare, I only see a man of an extreme freshness and extraordinary arrogance. The type of man you want to avoid at any cost.
With this so-called good deal, Bombardier is losing its most valuable asset, the CSeries, and now, Airbus will get all the rewards and profit. The worst part is, that jobs may not be secured and might not stay in Canada. And us, Canadian citizens, we have injected millions and millions of our tax money into what is now best know as a garbage company. Anyhow, I am done with Bombardier, its just such a ridiculous company and it doesn't worth the attention of any serious investors.
On the other hand, today was a bright day for Boralex Inc. (BLX). I didn't know that company before, but I knew them without knowing. I am from New Brunswick and I travel back and forth to Montreal-New Brunswick on and on and on. ;) And when I leave my dear New Brunswick town in direction of Quebec province, I can see these huge wind turbines right on top of a mountain. And when I see those turbines, it becomes clear, I am leaving New Brunswick to Montreal...
Anyhow, it happens that Boralex Inc. (BLX) had been around for quite sometimes. Boralex is right in a sector that I wanted to expand my portfolio in: renewable energy. It had been in the past a property of Cascades, another Quebec company, but they sold all their shares to reduce their debt. In result, the Caisse de dépôt et placement du Québec is now the majority shareholder. BLX pay a dividend, closed to 3%. One thing I really like about BLX is that only 6% of their business is done in the USA. 53% in Canada, and 41% in France. It's not like if BLX really relies on the US to realize its profit, and this is really a good thing. It plays in the favor of the company, and on mine.
There's quite a contrast between Bombardier Inc. and Boralex Inc. (BLX). Two Quebec companies, but only one of them worth considering for my investment portfolio.