Bombardier Inc. T.BBD.A

BBD heading into what pilots call “rough air” (turbulence)

[BestGoldigger]

"Bombardier is heading into what pilots call “rough air” (turbulence) as it reinvents itself as a vastly smaller enterprise than before its recent sales of its commercial aircraft and rail businesses. New CEO ric Martel, who in coming weeks will unveil blueprints for the new standalone business-jet maker, acknowledged last week that Bombardier’s cost structure and manufacturing footprint continues to be too large for its new, much smaller revenue base. Martel also allowed that while there will be more layoffs and plant closings or sales, he himself doesn’t yet know where and when the tough medicine will be administered. Investors abhor that kind of uncertainty, and showed their distaste for it this week by selling down the stock."___https://www.thestar.com/business/2020/12/13/a-stunning-recovery-in-steel-prices-boosts-stelco-as-bombardier-heads-for-turbulence-here-are-this-weeks-corporate-winners-and-losers.html