What some fail to realize A lot here seems to not agree with what Bellemare has done or is doing. I for one like what has done so far. Bellemare has painstakingly brought bbd back to rail and med/large bizz jet makert. Except for Learjet all of bbd product is now recession proof. Global jets are for billionaires and high net worth individuals who’s not concern about recession. And during recession governments spend money on infrastructure where most commonly rail industry gets continuous work and receives contracts.
Some of you might point to 2008/9 time frame where Cessna, Embraer, Eclipse, Beechcraft all loss big orders and had massive layoff. But keep in mind that these guys all make very light, light, and lower end of medium size jets which are own and used by med to large cap businesses. When recession or belt tightening happens then these jets are first to go. Gulfstream and Bbd’s Global division has been very profitable. Case in point few years back then President of Pratt Canada John Saabas had made it clear that they were going after RR and GE on large bizz jets as they were recession proof.
Bellemare has now positioned bbd to where bbd used to make money. Q, and CRJ, brought money during its peak time. That market and high margins are not there anymore. C series was a very expensive venture which soon they will be out of. Let Airbus and Boeing dual it out in that market. With Belfast and Morocco sold and eventually a220 shares I believe bbd will do very well with rail and aviation division. You might not see it now but ground work had been done now.