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Bombardier Inc. T.BBD.A

Alternate Symbol(s):  BDRPF | T.BBD.PR.B | BDRXF | T.BBD.PR.C | T.BBD.PR.D | BOMBF | BDRAF | T.BBD.B | BDRBF

Bombardier Inc. is a Canada-based manufacturer of business aircraft with a global network of service centers. The Company is focused on designing, manufacturing and servicing business jets. The Company has a worldwide fleet of more than 5,000 aircraft in service with a variety of multinational corporations, charter and fractional ownership providers, governments and private individuals. It operates aerostructure, assembly and completion facilities in Canada, the United States and Mexico. Its robust customer support network services the Learjet, Challenger and Global families of aircraft, and includes facilities in strategic locations in the United States and Canada, as well as in the United Kingdom, Germany, France, Switzerland, Austria, the United Arab Emirates, Singapore, China and Australia. The Company's jets include Challenger 350, Challenger 3500, Challenger 650, Global 5500, Global 6500, Global 7500 and Global 8000.


TSX:BBD.A - Post by User

Bullboard Posts
Post by bbdguru1on Nov 01, 2019 8:54am
121 Views
Post# 30296313

Scotia = $2.75 from $3.00

Scotia = $2.75 from $3.00We maintain our speculative buy thesis as BBD kept its 2019 guidance intact and remains confident of FCF turnaround next year, although we think near-term execution risk still remains high as BBD is expecting an outsized FCF in Q4 and the five challenged train projects have yet to be completed. We are trimming our target to C$2.75 from C$3, with no change to FCF outlook, on lower EBITDA estimates as we take a more conservative view on the margin outlook and adequately reflect the impact of pending asset sales in 2020. We expect Q4 FCF and 2020 guidance (February) to be the next major event, followed by execution of 2020 guidance and potentially more asset sales. Good Q4 execution could potentially drive a sharp rebound in the stock but any further slippage in FCF could keep it in check for longer.
Bullboard Posts