We're Getting More Confident That Bombardier Will Turn Itself Around; Fair Value Increase Planned
No-moat Bombardier reported third-quarter results that featured revenue headwinds but solid profitability performance in its business aircraft and transportation businesses. We previously flagged the possibility that the company would exceed 2016 guidance and we’re convinced this will materialize. We plan to increase our CAD 2.25 fair value estimate slightly and now have confidence that management will deliver cost savings and higher margins.Bombardier’s revenue dropped 9.7% to $3.7 billion in...
Bombardier is a manufacturer of transportation equipment. Co. carries out its operations in four segments. Aircraft is engaged in the design, manufacture and aftermarket support for three families of business jets (Learjet, Challenger and Global). Commercial Aircraft designs and manufactures commercial aircraft in the 60- to 150-seat categories and provides aftermarket support for these aircraft as well as for the 20- to 59-seat range category. Aerostructures and Engineering Services designs and manufactures aircraft structural components and provides aftermarket component repair and overhaul. Transportation delivers products and services in sustainable mobility.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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