Trashing debt = rewarded stock priceIn this elevated interest rate environment, at least compared to the last 20 years, those companies actively working on reducing their debt burden are being rewarded. Enter Bombardier.
Looking back to when we had trains and the CSeries divisions, BBD's private jet business was always the jewel in the crown. Trains may have held that title pre-millenium, but was slowly sucked dry to build the CSeries.
They gave it a shot, unfortunately this country prefers personal handouts (just look to the Liberal deficit since they took office) than helping to build great enterprises. Thankfully, out of the CSeries came industry leading private jets which are shrinking that debt. For this we are rewarded. Once rates do start to drop we should see even bigger ewards as the weight of existing debt becomes less of a burden.