In order to follow-up on one of my previous emails regarding Bombardier and airline companies suggesting to avoid them, here is information that came out today:
Zurich, Oct. 2 (Bloomberg) — Swissair Group suspended all flights as it ran out of cash and said it’s in negotiations with a “leading” bank to secure money to resume flying.
As for Bombardier, we had sold the great majority of our holdings between $20 and $25. In the coming months, we will slowly build up our positions by portions of 0.5 to 1% of the portfolios.
