BBD.B has a one year range of $74.43 and $39.87. Its three year range is $5.34 to $54.55. Ten year is $5.24 to $113. The company's business is highly cyclical, but also it is a very 'emotional' stock. Large contracts can boost sentiment, but the company has also run into trouble with large contracts. In the past decade, it has also flirted with bankruptcy, and has had to sell off assets to survive. It is highly tied to government support, and many investors feel it would not even be around if it had not received so much support in prior cycles. Despite its long history, it is still only a $5 billion company, so can be subject to mid-cap price swings like any other mid-cap. It has net debt of $5B, which is 5X last year's cash flow, and way more than 12-month cash flow. Thus, this leverage results in big moves up when investors are confident, and big moves down when they are not.
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