RE:RE:RE:RE: 2.21$Hi 145,
thx for your review.
I would not be able to say exactly how much La Caisse has in bomber, but I believe it is over 30%, so your 35% seems reasonable.
However, they won't be able to take control of it... except if the Beaudoin diluates the A-Class... which they always refused to do so.
I don't quite understand the part about how many assets except in Toronto?
They have assets in Germany, Montreal.. They are opening even a plant in Poland.
I think they have some manufacture in Ireland too...
As for the borrowing, you are right that they will have a hard time at the moment to fetch some financing as some banks already got burned in the past, and the CSeries is not yet profitable in the books, so that weights on investors.
I don't know La Caisse average cost on share... but I'm pretty sure at the moment the SP is below their average. Maybe they would like to buy more at lower price, that I would not know, but I don't think they would buy some B-Class. And as A-Class and Preffered-C are limited, I don't think they can manipulate that much.As I see it
As I see it, the CSeries is really weighting on the SP, because even by getting some nice contracts with their rail divison, the SP is not giving much of a boosts, even the 1.7B$ you barely see a movement, like +0.01$
I just think that, it is not the moment to let go some shares. Swiss seems to be really enthousiast about their planes, and will give another review in about 3 months (that's what they said). Also, they have been in discussions with other airlines for a moment now... and like Bellemare said, They aren't selling hotdogs on a street corner... those discussions take time. So I'm confident that by year's end we have another order, and plus... if we they sell the Learjet program, that's going to boost their cash, so less need of borrowing.
Also, the fact that Airbus and Boeing order books are fileld up (I believe I read somewhere until 2020-2025) this means, some client might want to consider the CS, if Swiss reviews remain positive overall. Also, the CS300 arrive soon, delivery to AirBailtic Q1-2017 I believe.
It is high risk stock... but there is potential.