RE:RE:RE:Reverse split ?Keldrama, I disagree with a lot of what you say, but will confim myself only to my perspective.
There is no good reason for a reverse share split. It would have a high probablity of being perceived negatively, and likely to work against the companies interests...
Persons speaking about it now, IMPO, are indulging in mudslinging, period.
The company is being much better led now than not so long ago, with Bellemare doing a wonderful job of being on the level and transparent.
The company finances and risk of any form of credit default are now radically decreased from only a year ago.
I hear your reference to "a rosey 2017" as a false interpretation of every bull here. We see it as muich better, hence "rosier" .... but the full bloom is still to be realized in 2020 and beyond. 2016 was much better than 2015, and 2017 should be much better than 2016. But the company will still be losing money for several more quarters, and more employees are on track to be laid off. Not a happy situation, just a realistic one.
If I remember correctly, governamnace if yo become profitable by the end of 2018, and certainly not a whole year earlier. So the bonds coming due in 2018 remained as a significant threat to the
perception of Bombardier. I have heard legions of serkious investors here laud the bond deal even as they see it as costly... the costs (higher interests, etc) have been judged as wirth the benefits gained. And I agree. I envy those who were able to buy those bonds!
A great return on a company that is clearly doing what they need to do to become profitable. And superb products starting to get the attention they deserve. A win-win for those investors.
You can keep your banana peel, K. Your argument is slippery enough without it.
Keldroma wrote: ChaseYourDream wrote: The last chance to do this, as authorized by shareholders, was October 28.
It has not been a necessary or helpful option since APRIL! Any mention of it now, no matter how "innocent," sounds like fearmongering, with zero basis in fact, reason, or spin.
(Now watch Pierre post about how it might have "reason")
voitek1609 wrote: It is almost , end of November
Bombardier did not do a reverse split
understanding is
They will not do?
Before they reverse they have to wring every last cent out of government. The feds haven't done anything yet, so I'd imagine that Bellemare still holds out hope that they have a billion or more to cushion the turnaround. The message from the recent re-financing is very negative though. If the company believed that its' financial turnaround was real, wouldn't one expect that they would forecast an improvement to their bond rating? Wouldn't a bond/credit rating increase have a huge positive affect on their interest expense? Why lock in such high interest rates along with an up front teaser fee, if you're expecting a rosey 2017 and beyond? That re-fi is just as much a panic move as selling 49% of CSeries and 33% of rail was. This company is still one banana peel away from disaster. BTW I'm now negative on the prefs as well. In fact, the only thing I like is their products.