Bombardier (BBD.B) might be a good infrastructure pick if any large scale high speed rail projects get off the ground. There has been talk of the Windsor to Quebec City corridor... and San Diego to San Francisco... and Houston-Dallas-Austin. But unfortunately not much willpower to do anything about it. The problem is that politicians only get elected for four year terms, and hence they only look four years ahead.

Canada and the US are way behind Europe in the development of high speed passenger rail links. Such projects would kill three birds with one stone... reduce dependence on foreign oil... lower the carbon footprint... and create jobs.

Being one of the world's major players in rail passenger equipment, Bombardier would benefit nicely. And maybe it would regain its former status as one of the core holdings for a solid portfolio.