RE:RE:RE:RE:RE:RE:Don't expect too much movement upwards this quarter Hi Pierre ,
Since the beginning i knew that it was a speculative stock and still is and it is part of my portofolio . i always had a part of riskey investment in all my ventures . Did well on those over the years being right 7-8 times out of 10 and turning the page for the others .I beilive that it is by taking calculating risk that you end up rich . You seems to look and invest only in perfect blue stock but tell me Pierre are you rich with these ? i doubt .
Let me tell you what i saw in Bomber . The typical storey were the father -and i met him a few times -was a great business person and a visionnary ...the son -and i have met him also - is a very likable guy but unfortunatly for business does not have the genious of his father ..the company was on the bridge of bankcupcy when reluctantly the family and the board of directors has choosen to bring someone strong and experience enough to turn that mammouth all around . They hire Bellemare - i dont know him - but read about him and like what i saw . That have started to interest me as it was a potential turn over with a lot of upside .
Then i look at waht they were really doing : commercial planes i did not like , some were old models never refresh and a new one -CS - pourring money and delay that right from the beginning made me sceptical -if you read my early posts i mention it was a stroke of genious when Bellemare made the deal with Airbus -it is the only way we are going to get back money in a few years - you just dont try to compete with only 2 huge giants competitors in that commercial market ...with that i have start to like Bellemare more ..
What i was and still is : the train division because i strongly beleive our transportation future is to go public . I see that every year in California : buses and trains are cheap and afficient and yes you have free large parking for car every where ..i think when the clean up is finish you will see a merger in the train business and Bomber will be part of it . To me the train division is where the big money will be . The business plane is for the moment 3-5 years - a cash cow very convenient for now helping Bomber on cash flow and short term profit .
Pierre i bought a 5 years plan -i agree now a 6 years - and never taught of selling it before so the $ 5 + never touch my mind because we were not there yet . That is the way i think and always act and it has serve me well so far . Remember also that i bought in the beginning and that my cost is very low . I will make money with Bomber one way or the other but my gut feeling also base in my life experiences tell me Bomber may go much higher then most people think.
Bottom line yes nobody knows were a stock will go but let me tell you this : as of today i am excited i think those patient enough may be in for a great surprise . Stay long . On this i wish you all a great weekend ! SD