After years of struggles, this company cracked the TSX Top 30 with 522% stock jump

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This company has gone from the brink of bankruptcy to a top performing stock over the last three years.

Bombardier Inc. has found itself among the top-performing TSX stocks of the last three years.

based on dividend-adjusted share price performance. This marks the first time that Bombardier has appeared on the list, which was first compiled by the Toronto-based exchange in 2019. Over the three-year period, the company’s dividend-adjusted share price is up 522 per cent as of June 30, while its market capitalization jumped 533 per cent.

Bombardier today is a different and much smaller company than it was before Eric Martel took over as chief executive in the spring of 2020. The strategy has so far borne fruit. While the COVID-19 pandemic brought the commercial airline industry to a halt, it was a boon for the private jet market.

 

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