improving liquidity and lowering its debt loadInvest for Tomorrow: 3 TSX Stocks for Building Lasting Wealth 08-12-24
Bombardier (TSX:BBD.B) is another top TSX stock that could help create significant wealth over time. Shares of the business jet manufacturer have risen over 106% over the past year. However, it still has ample upside potential, as the company is poised to capitalize on the growing demand for its products and services. Further, the Canadian aviation company will likely benefit from its extensive aftermarket and support facilities network.
Bombardier’s top line will be driven by increased aircraft deliveries led by its new lineup of medium and large business jets. Moreover, its focus on innovation and diversification across defence, services, and the pre-owned aircraft market will likely add new revenue streams, thus improving profitability over time.
Furthermore, Bombardier emphasizes strengthening its balance sheet by improving liquidity and lowering its debt load. This optimization will likely provide financial flexibility, positioning it well to invest in new opportunities and accelerate growth.