Restructuring as a new company moving forward?One of Bombardier's biggest challenges has been to run several companies within one holding. Despite these various companies being transportation, their internal operations and management much different. Looking to lead in various market segments became seriously challenging and especially so with thin margins on hugely capital intensive businesses. Add relatively weak management, conflicts within the company itself. To this, a weakening balance sheet with many mooving parts and everything, except a sufficient cash flow from lact of profitability.
In short this company became a f.cking mess!
This is the company's last chance to survive. Pay down a big portion of the out of control debt. Bleeding shareholders money all over the street had to stop! Call it back to basics. I'm not smart enough to break down numbers to say if this new smaller and better will work moving forward. That said I'm still in with way too big a position in common shares, but recently looking at the value of preferred shares and the bonds, I'm optimistic that given the success of the Global going forward, the company is going to make it.
Don't be surprised if we see a share restructuration of some kind. GLTA