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Strategies & Market Trends : Dino's Bar & Grill -- Ignore unavailable to you. Want to Upgrade?

To: Goose94 who wrote (41152)	2/16/2018 8:45:08 AM
From: Goose94	Read Replies (1) \| Respond to of 203540

Bombardier (BBD.B-T) improving sales and financial outlook are buoying the odds that CEO Alain Bellemare can pull off his five-year turnaround effort at the Canadian aerospace company. Bombardier narrowed its net loss for the fourth quarter, boosting revenue and free cash flow as a strong performance in rail allows the company to reclaim a piece of that business from a key investor. In addition, the company is experiencing better sales activity for its luxury jets and trains. The stock jumped 37 cents Thursday to close at $3.66. Mr. Bellemare, who took over as chief executive officer in February, 2015, has pulled Bombardier back from the brink of bankruptcy after it nearly toppled that year under the weight of heavy investments to bring two all new aircraft to market. Now, with those capital-intensive investments coming to an end, he plans to rebuild earnings by increasing revenue to $20-billion (U.S.) by the end of 2020. Because of the strong performance, Bombardier's stake in the rail unit will increase to 72.5 per cent from 70 per cent under an ownership-bailout pact with Caisse de depot et placement du Quebec.