RE:RE:RE:RE:RE:RE:Expectations BA - Globals 7500 You could say that also , I won't defend them on that ... most people in their shoes would have found a way to screw the rest of the shareholders and ran off with the cash after bankruptcy ... I call them tough because they they had to deal with the our govts , who refused to let them sell off to the chinese, USA who never stopped pounding on them through Boeing, unions all over the world who don't stop trying to suck the blood from companies and still managed to stay afloat ... sure they received money from our govts but that is peanuts compared to what the competition gets from their govts ... our govts take more than they give , and what they take , they eventually give to their buddies who make it dissappear ...but they battled through ( and got paid for it generously) and hopefully the shareholders will get rewarded as we should ... glta
quote=Jim99999]No, it goes to show how proud and arrogant they are, with absolutely no respect for the people who own 88% of the company.
Jim
bicente wrote: The Cseries caused most of the debt but if we really look at the numbers ( compared to other bulders who developed a clean sheet platform) the bomber did pretty well with the $10 Billion it spent ... most others would have spent $30 B , and that's what it will cost for the next builder who attempts to do it ... The whole Cseries was a dream too hard to bring to market for little bomber , but they did it , just goes to show how tough they are , hopefully they will put their knowhow and innovation into a much more profitable business plan . Business jets will be in much more of a demand in the near futur and the bomber is set up well to take advantage of it ... GLTA
PabloLafortune wrote: 805,
If you dive into the #s and compare with some others, they need to improve the EBITDA and I believe EM is working hard on this. The LTD they can get down from BT proceeds and perhaps some other ways (I'm sure they are working on those as well).
It is incomprehensible though how much debt - both long term and other liabilities - they accumulated over the past 7-8 years. Every guardrail was set aside to fund the pet projects. Describing it as riverboat gambling may be understating it. The other family members - those who didn't participate much if at all in BRP and lost most of their equity (on paper) in BBD so far must be absolutely livid (as we are). Onwards and upwards as some like to say.
BBDB859 wrote: Hey Pablo.
The elephant in the room will be taken care of. They have to take care of it. They can't survive otherwise. They went after easy money in the JB market. Now they have to pay it back. They made a lot of mistakes just to survive. But they have to pull themselves out of this situation and do it as fast as they can.
The interest to service this JB debt is just killing them. You know that better others here.
I like EM too. But you know who the problem is. It's the "Idiot Heir".
Are they at the point of restructuring the shares? I don't think so. I don't think they will restructure them period. It's very riskey.
What I do think is that this company will grow with new products eventually. But right now, they have to focuss on the pure play. BA has to be profitable on it's own. Before they can get into other ventures.
The only thing to watch for right now is, to see what they'll do with the Billions coming from the closing.
Cheers
859
PabloLafortune wrote: We shouldn't be surprised. This division has always been pretty good and EM was the right man for the job. I've been around a few large companies, you learn to figure out who's good and who's not and you could tell that EM was in his element here. How he is performing thru this COVID crisis reinforces this view. I also believe the best is yet to come operationally.
Its the rest that remains to be seen - closing BT sale to Alstom, will the capital/shares be restructured and if so will it be viewed positively or negatively by the market, do they need to diversify from business jet or will pure play work, and of course the elephant in the room - the debt and interest thereon.
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