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The aerospace and defence industries in Canada are complicated, to say the least. Yet there have been major changes for some of these companies in recent years. Bombardier (TSX:BBD.B), for one, has shifted to a focus on jet aircrafts. CAE (TSX:CAE) remains focused on training and development solutions. This is for aircrafts, certainly, but also through healthcare.
So, with one more diverse, and the other more focused, which is the better buy on the TSX today?
Looking at earnings
First off, let’s look at how CAE stock and BBD stock have both performed recently. For BBD stock, the company reported their third quarter most recently, with a net loss of US$13 million, compared to a net loss of US$161 million the year before. This shows that the company is working towards profitability. Revenue also increased 22% to US$1.7 billion, with continued demand for their business jets. For now, the stock remains…
