BBD.B have gained 75% since the beginning of July Bombardier’s Growing Cash Pile Fuels Rally in Shares, Debt
he Montreal-based company’s shares have gained 75% since the beginning of July, making it the best performer in the 238-member S&P/TSX Composite Index. It’s a huge turnaround from the first half, when the company was one of the benchmark’s biggest losers. The bonds have also enjoyed a boost alongside rising prices for junk debt.
Bombardier’s second-quarter results, which beat analyst estimates for free cash flow, helped boost confidence that it would be able to chip away at its $6.6 billion in debt and improve its credit profile
https://finance.yahoo.com/news/bombardier-growing-cash-pile-provides-131004497.html