Bombardier will announce the Q4 and year-end financial report tomorrow, and it's not going to be pretty.
But the market is already expecting bad news and has priced the shares accordingly. In fact BBD.B is up today, back to 90 cents, partly in anticipation that tomorrow's report won't be any worse than predicted.
The issues facing Bombardier, however, have not changed. They have to get their stock above the C $1.00 mark, possibly through reverse split. They have to get additional liquidity, e.g. from the Federal or Quebec governments. They have to fix their governance issues. They have to start closing major deals.
It's hard to believe they can't close one lousy deal from a major airline this year. That's all they need to thread water and stay alive.