Bombardier Disappoints on Cash Flow in 3Q; Shares Plummet
No-moat Bombardier hit some heavy turbulence as it navigates its ongoing turnaround, posting disappointing cash flow this quarter and providing a weak outlook. The company also announced plans to sell more assets and unveiled another round of restructuring that it thinks will drive $250 million of recurring savings by 2021. However, management didn't lift its 2020 margin target of 8%. We think these developments indicate that management has picked most of the low hanging fruit as it fixes the bu...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.
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