Much left to sell
bombardier is going to sell Belfast and morocco facilities and probably the cseries down the line. Alstrom, Siemens deal fell through and bombardier is eagerly trying to get back 100% of BT. Maybe their is a merger in the distant horizon. We need so much to go cash flow positive. We need a positive surprise, instead of negative ones. Bombardier management always states exactly what short term ssue is preventing them from reaching their goal. I really felt when the c series was finished R & D, when we cut the dividend and now when we sold unprofitable businesses we would see big profits. Still waiting. Now they talk about global 7500 ramp up, BT bottlenecks. They have a million reasons why they wont meet the profit goals. I dont know people, this is looking like a sinking ship. I expect this can continue for a decade, with issuing more shares, more layoffs, more asset sales, more layoffs coming and I am willing to be they never pay down a dollar of debt. Remember when they got $9 billion takeout offer for BT and toke $1.5 billion with the caveat that they couldn't spend the cash and could lose more of BT if it doesnt perform. I suspect some big players involved are shorting the stock and intentionally driving the company into the ground. We are reaching the point where there is no believable reason why this company will succeed. They are telling us the global 7500 will drive profit, similar to how they touted the cseries. Full disclosure, I have been holding shares for a long time and bought 1000 more at this earnings release, but my doubts are keeping me glued to this story.