RE:RE:RE:RE:It's official: a 720 million euros contract for BombardierI have not been here long enough to know otherwise, but suggest that Transport Division revenues can and do have an impact:
1) Does the market see it as relevant? Only if the market chooses to ignore facts. We tend to get what we tell ourselves to expect, so repeating this mantra becoimae a self-fulfilling prophecy... but sooner or later, reality will tip that on its head (rant follows below).
2) Bottom Line. Revenues are real, FS's show that truth, and the market does indeed react. Maybe not immedately or as much as we expect. But Pre-Q3 BBD.B was $1.75-$2 with downward SP pressure, and since the Q3 the range is similar, but the pressure is clearly up!
Other examples of Conventional Wisdom eventually proven false:
Cold War Forever? (1989 popular revolts: Paris, Tianenmen, Velvet Revolution, Berlin Wall)
America as world's policeman (Rwanda, Yugoslavia, Somalia)
Tech bubble (2000-2001)
Middle east/Jihadists no big concern (9/11!)
Sub-Prime and Derivatives to 2007) (the Big Short)
White Collar Crimes Punished (name a wall street banker serving time)
Tyrants over there no threat to the west (Iran, Iraq, Libya, Syria)
Populist Discontent will not win an election (Brexit; Trump)
Climate Change is a scam (fill in the blanks)
Business as Usual (keep dreaming)
gobomber wrote:
Pierre,
I do not have any issue with what you are saying however it is still positive news and the SP is currently at -1 cent. Another proof that whatever happens to the Transport division does not impact on the SP. Hard to believe but this has been my experince for the last 15 years.