GREY:NMKEF - Post by User
Comment by
Allthewaydownon Feb 22, 2019 2:13am
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Post# 29397951
RE:RE:Can't wait for the news next week
RE:RE:Can't wait for the news next weekI doubt that the company currently has a recovery plan from the cost overrun. The first law of business is that if you tell somebody "We are up sh*t creek" then your next statement had better be "and here's our paddle". There is no way that the company would have released the negative news without mention of a recovery plan, if there was one.
The Quebec government is a big stakeholder here. There is a huge political incentive for them to make sure that the project floats, one way or another. Such deals do not necessarily enrich common shareholders (in fact they rarely do, as Bombardier investors will attest), but there would be some tangible value to having project support until completion. The next month will be interesting.