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While the TSX index is trading near record highs, shares of BlackBerry (TSX:BB) and Bombardier (TSX:BBD.B) have trailed the broader markets by a wide margin. Over the years, the two beaten-down TSX stocks have wrestled with narrowing sales and profit margins, forcing them to exit multiple business segments and focus on streamlining operations.
So, let’s see which TSX stock is a better buy right now, given their depressed valuation.
Is Bombardier stock a good buy right now?
Valued at $7 billion by market cap, Bombardier stock has more than tripled investors returns in the last three years. Despite these outsized gains, BBD stock trades 89% below all-time highs.
In the first quarter (Q1) of 2024, Bombardier reported revenue of $1.3 billion, an increase of 13% year over year as it delivered 20 aircraft. The company expects to deliver between 150 and 155 aircraft by the end of 2024. Bombardier sold 60%…
