Bombardier Inc Registered Shs -B- Subord Vtg

BBD.B: XTSE (CAN)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	CAD 58.00	Jvyrtdt	Mghtbjj

Bombardier Shares Soar as Cash Flow Beats; Train Projects and Global 7500 in Focus for 2019

Chris Higgins

Feb 15, 2019

After disappointing the market in the third quarter with a cash flow guidance downgrade, no-moat Bombardier delivered a beat on cash flow to end 2018, landing at $182 million of free cash flow for the full year versus guidance of around break-even, including the sale of the company's Downsview facility. It's important to note that $155 million of cash flow came from prepayment of royalties associated with the divestment of business aircraft training. Still, the market liked what it saw, driving shares up about 23% on the news.

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