RE:RE:.70 by Fridaybusy4life wrote: This may sound stupid, but do u folks think the beaudoins want to drive the share price down to as low as possible and then buy back the shares to increase their ownership in the company? I cant imagine why else they would do nothing to stop this massacre. I bought 22k shares at 1.75 back in october and got out at 1.25 taking a 12k loss. Waiting to get back in but wonder if i should even bother. Thoughts????
I guess im quite contrarian at this point. I think once badoink goes there is a real chance for real gains. I dont care if the company stays in quebec, and i dont care about the union jobs. I just dont care. The product is good, but Nortel, and blackberries were too. BBD wont go bankrupt but they are weathering some serious headwinds now. Call it frustration from boeing and airbus stock starting to drop as well. There margins are under shooting targets too. But its all relative.
All things on the tsx are extremely negative right now. The dual class shares are an extremely negative thing to begin with. At this point in time nobody seems to care about transportation, as the family prefers to spin it off to seperate companies. But also fail to realise that almost half of the c-series was given away to caisse. We will see what happens with the cash from caisse in the next year end. Generally, i figure the stock is worth 1.10-1.18 as is. But that is a premium of
Keep in mind where the headwinds are coming from. For the most part it is US manipulation, and canadian panic resulting in selling. One way or another things will sort themselves out. But my target is almost over 60% from current price. There is going to have to be serious changes.