Hope for Québec investors

As the French stock market wobbles and the value of the Euro continues to decline, manufacturing company Alstom and its new subsidiary, Bombardier Transportation, are fighting to maintain financial health. But Professor Karl Moore remains hopeful for Alstom’s future growth.

The acquisition of Bombardier may present multi-billion-dollar losses in the short term, he says, but the long-term stock returns will make those losses worthwhile.

This is good news for the Québec-based pension fund company CDPQ, one of Alstom’s largest corporate investors.