1 Magnificent Dividend Stock Down 30% to Buy on the Dip for 2024
After delivering a total return of over 140% in the last five years, it may seem unlikely that Bombardier Recreational Products (NASDAQ: DOOO) would make for an excellent "buy on the dip" candidate. However, that appears to be the case for the Canadian powersports company.
As the Pepsi to Polaris's Coca-Cola in the powersports industry, Bombardier is home to the popular Ski-Doo and Sea-Doo brands its ticker gives a nod to -- among many more brands such as Can-Am, Lynx, and Alumacraft. Whereas Polaris is the top dog in off-road vehicles in the U.S. and the No. 2 player in snowmobiles, Bombardier is the leader in snowmobiles and No. 2 name in the off-road niche.
Thanks to these leadership positions, I've already discussed why Polaris is a promising buy at its current once-in-a-decade valuations. However, I think its slightly more snow-focused competitor also looks like a steal at today's prices as we head into 2024.
Source Fool.com
Bombardier Inc. Aktie
Die Bombardier Inc. Aktie hat zu wenige Einschätzungen, um eine Tendenz festzustellen.
Bei einem Kursziel von 118 € für Bombardier Inc. deutet sich eine Steigerung von über 50% vom aktuellen Kurs von 62.14 € an.
