Afraid You Missed Your Chance With This High-Flying Stock? Think Again

 Worried you've missed your chance with this high-flying stock? Think again

A number of airline stocks soared before the pandemic, but then fell. Yet Bombardier (TSX:BBD.B) was not one of them. Bombardier's stock has had a rather rough ride and has been in the midst of selling off most of its businesses that don't revolve around its jet airline business. Still, the move proved worth the sale. During the pandemic, private jets have seen a surge in use. Bombardier proved to investors that it had made the right move, and more and more orders came in for its jets.

So today we're going to look at why Bombardier stock is still a great buy, even after so much growth over the past few years.Now that we've covered the past few years, let's take a look at what Bombardier stock has been doing recently. The company has been pushing its new jets for the past few years, with demand remaining strong.

Most recently, Bombardier posted an 8% year-over-year increase in sales in the second quarter as demand for its business jet deliveries continued. Revenue was $1.7 billion in the three months ended June 30, up from $1.6 billion a year earlier.However, its net income was $35 million in loss in the second quarter. It was still well below the $129 million loss the previous year, which came from professional fees related to the sale of its rail business in 2021.

Earnings came in at $0.72 per share, missing analysts' estimates of $0.74 per share at Refinitiv. Still, with higher yields and sustained demand, management remained confident it would continue to deliver strong numbers. Even in the midst of supply chain issues.Bombardier executives said the company forecast it would deliver 138 business jets by the end of 2023. Profits were strong last quarter thanks to the delivery of 29 aircraft, with a big jump in repair and replacement revenue as well. These involved around 5,000 Bombardier planes still taking to the skies.

The mix of income options has remained strong for the stock and should continue going forward. At least that's what analysts believe. By 2025, analysts believe the stock should exceed 2025 targets with strong demand in the business jet market. Currently, according to one analyst, it has more pros than cons.

Between now and 2025, analysts expect continued growth in demand for business jets. Especially since the trend towards using fleet operators rather than personal ownership allows for more privacy while still having the personal jet experience.According to one analyst, flight activity is now 40% to 50% higher than in 2019. Activity slowed to around 5% to 6% in the last quarter, but should climb back to historical averages of between 11% and 14%.

When this happens, it will likely lead to further increases in demand for airlines. Therefore, right now the management of the company may be on the conservative side. Indeed, there could be 100% upside potential, with one analyst reiterating a very bullish $100 price target.

Bombardier shares are still up 67% over the past year, although they have fallen 18% since announcing the recent loss. Analysts believe now is a great time to jump into this booming stock. Especially before it rebounds to all-time highs again.

The post Worried You Missed Your Chance With This High-Flying Stock? The post Think Again appeared first on The Motley Fool Canada.Should you invest $1,000 in Bombardier?Before you consider Bombardier, you'll want to hear it.Our research team just revealed the top 5 stocks for investors to buy in July 2023, and Bombardier was not on the list.

Motley Fool Stock Advisor Canada, an online investment service they've been running for nearly a decade, is beating the TSX by 29 percentage points. And right now, he thinks there are 5 stocks that are better to buy. Foolish contributor Amy Legate-Wolfe has positions in Bombardier. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.

Feeling regret, think you missed out on a high-flying stock? Fear not, as the stock market is a dynamic and ever-changing landscape that provides ample opportunities for savvy investors to take advantage of potential gains. If you're still sitting on the sidelines, it's not too late to reconsider and take advantage of this investment opportunity.

The power of high-flying stocks

High-flying stocks are like a rocket that soars to new heights in the stock market. These stocks show rapid and impressive growth and often outperform the broader market. While it is true that some investors may have entered the game early and reaped significant rewards, it is important to note that the story does not end there. The stock market is full of twists and turns, and even if you missed the initial wave, there are often more waves of growth ahead.

Analyze stock performance

Before embarking on any investment, it is important to do a thorough analysis of stock performance. Look beyond past gains and losses to assess the company's fundamentals, market position and growth prospects. Fast-rising stocks may have experienced a temporary dip, creating an ideal entry point for investors who missed the initial rally.

Market Analysis: Identify New Catalysts

Market analysis is key to identifying new catalysts that could push stocks even higher. Consider upcoming company product launches, partnerships or expansion into new markets. Positive developments in these areas may spur renewed investor interest, leading to another round of growth.

Don't miss out on potential profits

Fear of missing out (FOMO) can be a powerful emotion when investing. However, it is essential to approach the market with a clear and rational mind. Opportunities abound, and rather than dwelling on past missed chances, focus on the potential gains that lie ahead.

Diversify your portfolio

While the allure of high-flying stocks is undeniable, it's important to maintain a diversified portfolio. Diversification helps spread risk and ensures that your investment strategy is not solely dependent on the success of one stock. By striking a balance between high-growth stocks and more stable established companies, you can navigate the market with more confidence.

Stay informed and stay optimistic

The stock market is inherently unpredictable, but that's part of what makes it exciting. Stay informed about market trends, economic indicators and the latest news on the stocks you care about. Maintaining a positive and optimistic outlook is essential, even if you've missed the initial rally in stocks. With the right information and a well-rounded investment strategy, you can position yourself to capture future growth. If you thought you missed your chance with high-flying stocks, it's time to think again. 

The stock market is full of opportunities, and with thorough analysis, a diversified portfolio and a positive mindset, you can still seize the potential profits that await you. Remember, these are not missed opportunities, but ones you can still take advantage of in the exciting world of stock market investing.