Corp. Jet Sales & mama7575Greetings mam7575. Yes, you are right. That previous poster has included old info in the NR and much of it is ambiguous, especially when it come to impending layoffs. Actually, it should be told that we could expect and additional 1200 to be laid off, if necessary.
As expected, the dividend is continuous and I am thrilled about that. It only means a dividend increase by mid 2010. The margins in the train business, previously below 5%, is now above 6% and that is what the Company forecasted about 18 months ago.
The news, this morning, is for increasing corporate jet sales next year.
Overall, in the aircraft industry, there will be increasing orders to build the backlog.
And a note to those who like to scare the shareholders into selling for a mere 10 or 20 cent profit. Personally, I am not greedy for the 50 cent swings in the price of the shares. When I see the price drop, it only gives me an opportunity to buy some more and I have been doing just that.
Good luck to all those long in Bombardier. It is a great company and definitely a much higher share price to follow.