RE:RE:Textron sold 30 Citation CJ3+. Martel does PR & shares consoThey are turning away orders because their material suppliers can't supply due to Russian export restrictions. ALU, other Alloys, and chips are all in short supply for the 30 or so Nazi supporting nations hunting and siezing Jewish assets. Bbd will hurt for years. Brazil will pick up the business along with China.
bago wrote: On the bright side it shows the market is strong.
The bomber is turning down orders becasue they just
don't have the capability to produce more than clearing some of their
backlog. Not sure how long it will take to get some more
jets out the door to actually be able to take on new orders.
They may be a predictable business now but where will the torque
come from to increase the share price. We will have to see what they show
on the maintenance side in Q1 to get an idea how long it will take to
deal with the their debt since they have nothing to sell anymore.
I don't think Martel should be going public saying they are turning down
orders because they have already disclosed the numbers expected and
the market is saying that's not enough. They came in with 100 million FCF all of
2021 which isn't bad compared to the past but at 6.7 billion debt that FCF number
should be closer to 500 million which may happen in 2025 they say.
They are doing a good job chipping away but progress will be too slow
at this rate.