Here's How Embraer Can Regain Investors' Confidence
Shares of Brazilian aircraft manufacturer Embraer (NYSE: ERJ) have had an up-and-down year. A global glut of business jets and economic weakness in Brazil have continued to hurt the performance of Embraer's executive jet and defense segments. On the plus side, the commercial aviation business has been a steady performer, while the company's cost-cutting program has halted what had been an alarming slide in profitability.
Recently, Embraer stock has been falling again, because of concerns about competition from an Airbus-backed CSeries aircraft program. Embraer shares have fallen further in the past few days, after the company projected that its profit margin would decline significantly in 2018. Yet it may not be that hard for Embraer to right the ship.
Source: Fool.com