RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Reverse split ?Your original question was whether Bellemare could manage Bombardier profitably, so I showed you how the different divisions are improving their profitability. Debt and Taxes are not broken down by division so I couldn't give you the net profit of each division, therefore EBIT is the only way to show this.
But if you look at overall net loss in Q3, it's improved to a $94 million loss from a $490 million net loss in Q2.
The real question is whether, after two significant rounds of layoffs, Bombardier can generate the same sales off a 20% reduction in headcount. I believe yes, and if so then yes, Bombardier will be much more profitable. You clearly believe no. I, like the CEO of the Caisse, believe that Bellemare has been, and will continue to do a good job in turning the company around. You also clearly believe no. And as you state, you and I are both entitled to our opinons.
Cheers,
JamesB
pierrelebel wrote:
jamesb14 - "EBIT"
You do now the meaning of EBIT, don't you?
EBIT - Earnings BEFORE Interest and Taxes.
Unfortunately, interest charges are very substantial at BBD with a long term debt load of US$9 billion in addition to short term debt. It is misleading to use EBIT.
Trust the numbers in the financial report, not the spin given by management.