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Strategies & Market Trends : Dino's Bar & Grill

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To: Goose94 who wrote (77908)	3/24/2020 7:55:49 AM
From: Goose94	Read Replies (1) of 202931

Bombardier (BBD.B-T) might need another government bailout to survive as the economic crisis caused by the novel coronavirus pandemic pummels Canada's industrial base, an analyst said. The fallout from COVID-19 threatens Bombardier's already tenuous liquidity position and possibly its planned asset sales, Cowen & Co. analyst Cai von Rumohr said in a note Monday. He said the company may not be able to recover without government help. "We see Canadian/Quebec governments as likely to offer support if Bombardier gets close to the edge," Mr. von Rumohr said. "However, their interest will be to save jobs, not Bombardier shareholders." The comments highlight the depth of the trouble from COVID-19 for Canada's big industrial companies, particularly those with fragile balance sheets. If Bombardier makes a request, it would be the second time in five years the company has asked for financial help. Quebec handed Bombardier a $1-billion (U.S.) lifeline in 2015 to help the company finish the development of its C Series airliner. The Canadian government was asked to match the funds but declined, offering instead $372.5-million in loans.

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