Thank you, Martin Gauss, timing of this deal...My position in the Bomber goes back to the penny stock days in 2015 when every analyst on BNN and Bay Street called BBD an "untouchable" and a "bankruptcy waiting to happen." This is not an exaggeration.
Martin Gauss stood tall along with early investors at that time and has been an excellent partner for BBD.
This purchase was executed today in order to lock in delivery before the JV gold rush orders and at terms dictated by BBD (without Airbus) as a way to reward AirBaltic for their loyalty during the tough slog through the valley of death in 2015 and 2016.
There is plenty of upside left (~300%+) for new investors with a 3 year timeline, but more money will be made the sooner they buy.