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Exchange Income Corp T.EIF

Alternate Symbol(s):  EIFZF | T.EIF.DB.J | T.EIF.DB.L | T.EIF.DB.M | T.EIF.DB.K

Exchange Income Corporation is a Canada-based diversified acquisition-oriented company. The Company operates through two segments: Aerospace & Aviation and Manufacturing. The Aerospace & Aviation segment is comprised of three lines of business: Essential Air Services, Aerospace, and Aircraft Sales & Leasing. Its Essential Air Services includes both fixed wing and rotary wing operations. Aerospace includes its vertically integrated aerospace offerings that provide customized and integrated special mission aircraft solutions primarily to governments across the globe. Aircraft Sales & Leasing includes aftermarket aircraft, engine and parts sales and aircraft and engine leasing, along with aircraft management services. The Manufacturing segment is comprised of three lines of business: Environmental Access Solutions, Multi-Storey Window Solutions and Precision Manufacturing & Engineering. The Company also focuses on portable hydronic (glycol-based) climate-controlled equipment.


TSX:EIF - Post by User

Bullboard Posts
Comment by griffpon Oct 09, 2013 3:12pm
345 Views
Post# 21804186

RE:RE:I sure hope

RE:RE:I sure hopeYup....very true.  Crap happens....but let's try to be a bit more objective. I see things very differently.  These guys invested in 'Westower' knowing how the bid, cost, profit model was structured but 'miscalculated' the overall effect.  This 'investment' was made 'knowing' that they did not have the expertise as project managers and the ability to supervise the size and scope of such project expectations.  Is this just a ...miscalculation?  Further, by CEO admission,  EIF put that money into a venture that represented 50% of booked value, revenue, profits and growth for the company--and it was a mistake.  (all of above is on the conference call).  These guys are not neophytes--they gamble and lost approx 1.4Billion$ in cap value! (4$ stock price shift on 392M shares).  Do you think the future gains through the ongoing  'investment' in 'tower' will ever accrue anything close to matching this loss?   Given this, you still have faith that they are acting in 'your' best interests by promising that they have the situation in hand and your dividend is safe?  For how long? Compare the payout ratio from two weeks ago and to the Q3 reports when they come out ....and do the math.  It was marginal before and it will be out of the park in the future given this present financial info. With at least two more quarters with EBITDA in the tank..as much as 50%....(again...listen to the call), I wouldn't be going to the bank Q4 or next year on that promise!  Then put into the mix that EIF had no choice but to put out the emergency guidance to save their 'legal' bacon given word was obviously on the street--I put it to you?  Why should 'I' be happy or confident?  For me, only thing going for EIF at this moment is that they have some other solid investments and the company it will survive.  Since 2010, EIF has had several 'market' ups and downs but for the investor to be punished as severely through mismanagement in this singular event....should not be so easily accepted, dismissed or forgiven.  Heck, if you want something to look forward to,  let's wait to see if the senior managers and the board take their bonuses this year?? 
Bullboard Posts