TGI - Triumph Group Stock: Lower Debt And Leverage Provides A More Compelling Value Proposition
2024-05-05 11:29:53 ET
Summary
- Triumph Group has sold a business unit to reduce its debt and avoid diluting shareholders.
- The company's cash generation and cash pile were not sufficient to cover its maturing debt.
- The debt reduction has improved Triumph Group's financial position and makes its stock more attractive.
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Triumph Group Stock: Lower Debt And Leverage Provides A More Compelling Value Proposition