earnings call take Finally listened to the call which seemed more positive than the last two calls. Commercial aviation (40% of business) still depressed,likely for almost 2 more years . Military , particularly Chatsworth ( another 40%) doing well. Simulator business (15%) coming back as expected but still variable in nature .
The backlog was addressed but the answer confused me . I think? what they said was the currency appreciation of 7% by the Canadian dollar had an effect.
Acquisitions were mentioned as possible in the future
Questions from Nick Corcoran of Acumen and Andrey Omelchak of Lionguard Capital Management ( occasional guest on BNN) . Andrey Omelchak asked if the company would use all their cash on a purchase ; the answer was yes if the right opportunity presented. Evidently deals are being done , not out of financial distress .Sometimes purchasers are vanishing , backing out of deals.
I am in no hurry to sell or add more , my opinion possibly idiotic.