RE:RE:Bond holders file claim in NYRecalling the 2034 noteholders crying foul last year and getting rubbed out by a savvy corporate move by BBD to issue a small amount of new notes to replace the pre-existing ones, thereby rendering these ambulance chasers obsolete. Now these two firms are kicking and screaming in court again, looking to squeeze some hush money out of the company as they see it is doing well. Shame on them, there are better ways to earn returns in the market than throwing your hands up in the air, childish at best.
Bombardier continues to push forward though, and the company's prospects as a focused, one-stop-shop for all your billionaire business jet needs is stronger than ever.
Here are some upcoming catalysts:
- progress on the Pearson Airport facility
- Q4 financial results and 2022 guidance
- any free cash flow from Q4 that can be used towards debt repayment or incremental buybacks
- a large order
- a partnership with an airline (what are the odds of a large carrier putting up its own biz jet operation?)
- another large order
- any positive update on the G7500 learning curve
Don't expect anything on the corporate development front for now.
Continue to be long the company and stock as we get through the turnaround and into growth mode going towards 2025. Planning to sell half my position at $5/share, and the rest in the upper single digits. I don't think BBD will break $10/share in the near-term but it can certainly break $5 between now and the end of 2025.
Eric Martel and team just have to keep their heads down and continue executing. Demand is there, no problem. Only thing to do now is quietly execute. Build planes, maintain planes. That's it.