Bombardier Plunges As It Slashes Profit And Revenue Forecasts - Needs More CASH...
Click Like to Follow Fliegerfaust Facebook page to get the News ASAP / Share to share this post now.
January 16, 2020 - by Nicole Gibillini for bnnbloomberg.ca
(Fliegerfaust Note: Like I already explained before, Bombardier Inc. can not issue more shares and raise more capital (cash) using the public market because issuing more shares will dilute the total dominance (vote) of the Bombardier/Beaudoin family. Is this good for the rest of the shareholders? I think NO. This is one of the reasons that there is a huge discount of the share price (company value) of Bombardier and lack of interest in acquiring them, the impossibility to Raise New Cash. Debt you say? Bombardier Inc. is already leverage over their ears... For more details read this: Bombardier Inc - It's Real Value - by Sylvain Faust )
Bombardier Inc. is cutting its full-year revenue and profit forecasts and is hunting for ways to accelerate debt repayments, the company said Thursday.
The Montreal-based plane and train maker expects its revenue for 2019 to come in at US$15.8 billion, down from previous forecast of as much as US$17 billion. It also now sees its adjusted earnings before interest and taxes coming in at US$400 million, down from its previous outlook of US$700 million and US$800 million.
Bombardier is placing much of the blame for its revised outlook on challenges with projects in its rail division.
The company also said its cash burn in 2019 is expected to be US$1.2 billion, compared to its previous forecast of US$500 million.
In addition to its lower outlook and deeper cash burn, Bombardier also said it's considering pulling out of its A220 partnership with Airbus...
- Bombardier Inc - It's Real Value - by Sylvain Faust - FliegerFaust ›
- "Bombardier/Beaudoin family with only 17% ownership & 51% of the ... ›
- Bad News, Travelers: Airline Fatalities are Up 900 Percent This Year ... ›