Bombardier Inc (OTCMKTS:BDRBF) was a notable mover during Thursday’s trading session rallying by 5% on relatively low volumes. Bombardier has been in a strong downtrend forming lower tops and bottoms indicative of strong bearish momentum. Traders believe the price action seen overnight could only be a profit taking move by bears and should not be looked upon as a reversal just yet.The index measuring momentum continues to point towards strong bearish interest at current levels and shows no signs of a reversal, which is a cause for concern for traders. Traders see the stock facing resistance at levels of $0.922.
During a recently-held “Investors Day” event in New York, Bombardier Inc (OTCMKTS:BDRBF) reviewed its past work and announced strategic and transformation objectives that need to be fulfilled over the next few years.
The announcement regarding this initiative was made by company’s CEO and President, Alain Bellemare, who felt delighted to receive overwhelmed response by other members and investors.
Insights of The Matter
In Bellemare’s opinion, the management team of the company is good enough to handle several challenges and get through difficult times to achieve certain objectives outlined within growth and transformation strategy.
Bombardier looks forward to taking several steps to solidify its liquidity, de-risk its business, and transform itself completely over the next few years. The major milestones that it has decided to achieve in the near future include improving cash-flow position and positioning itself in such a way that it can easily improve overall margin.
The CEO & President, Alain Bellemare, talked about the strategic imperatives that Bombardier looks forward to taking in the coming months. At the same time, Jim Vounassis, VP- Operations Strategy & Chief Transformation Officer, talked about how the enterprise transformation could be implemented. His immediate supervisor and Senior Vice President, Nico Buchholz, covered procurement transformation updates whereas Chief Financial Officer John Di Bert talked about financial performance roadmap of the company.
Other fields covered during the event by experts include business aircraft, commercial aircraft, aerostructure and transportation.
The senior management of the company is committed to making 2016 as the year of transformation and gradual growth.
There are several operational, financial, marketing and strategic initiatives will be announced from time to time by the management team to ensure that all the announcements turn into reality without any divergence. The official guidance for the year 2016 will be announced by Bombardier during Q4 earnings conference in February 2016.