Bombardier Inc. T.BBD.A

Some CFOs Are Boosting Their Credit Lines as Insurance Again

[Shamhorish]

Some CFOs Are Boosting Their Credit Lines as Insurance Against Recession

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while aircraft maker Bombardier Inc. said a new credit facility could help it in the event of a downturn
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Bombardier in the third quarter closed on a new $300 million, five-year revolving credit facility. Secured by working capital collateral, the facility will allow the Canadian aerospace company to keep less cash on hand to meet its target of $1.5 billion in available liquidity, said Chief Financial Officer Bart Demosky on a Nov. 3 earnings call.

The aerospace company is also taking steps to improve its free cash flow, one of a number of things to help ready it for the current uncertain economic environment, ric Martel, the company’s chief executive, said on the call.  

[BBDB859]

I'm proud of the way the Bomber (BD) is handling their finances. Notice how they're encumbering the Balance sheet, or the working capital, as oposed to their hard assets. This way they can sell whatever they want, and even encumber their real Assets with a mojor purchase or acquisition, (just dreaming, but you got plan ahead, if u want your dream to come true), or if they're in need of