RE:Layoffs + improving manufacturing processes = productivityAcuras1 wrote: A good day with generally positive news, and finally another C- sale (I assume the contract gets signed). It's a solid step forward and only the beginning, I hope. For Bombardier to succeed going forward, it not only needs to continue to get orders, it also needs to really and truly compete with the big boys at Airbus & Boeing.
It's a serious challenge to compete at the scale the big guys can. For now, our weak Cad. dollar is a nice bonus toward lower labor costs.
My impression of Bellemare's presentation today (and from earlier ones) is that he and his team are implementing the necessary measures to eventually transform company into a more successful & profitable company (he's staightforward & doesn't seem like a complicated chap).
In reference to share price during the BNN interview today, Bellemare candidly stated his first priority is to first turn the company around - share price near term wasn't his main concern.
I'm no fan of reverse splits but common sense dictates, it should / needs to happen. Otherwise the institutional side won't follow and the shares will risk languering at current price.
The company is in way better shape today than a year ago!
Again another great post.