RE:RE:RE:How much bbd shares in jv Worth? johnney ...here is what i really think : Bellemare did most of it a good job..it is difficult to re-dress a company like Bomber who was full of mistakes created mainly by Pierre Beaudoin who was not up to his father -i dont blame him i met him he is a nice guy but never had the genius of his father -.
It is easy to blame but does not bring any thing positive to the table . Most of us have children and it is difficult to evaluate them with logic we always love them more then most of the time the reality is .
Bellemare came in not knowning all the problems before ...he will discover them with time ...the company had put their dreams , thinking and money on creating the next best plane ...and they did . Dreams and proudness and pride make them not realizing against who they wanted to compete ..they taught of themself as invincible with some reasons based on their past successes ..but during all that time and money they forgot to pay attention to the train division ...all hopes ,energy and efforts were but on their dream : a new modern plane ...
So Bellemare put first most of his effords on that dream....until he realize it was a lost battle ...then he wake up looking and spending more time on the train side ....he start to see problems and realize -he most have been pis..f -that the president of that division has to be change because a lot of major problems were put under the carpet but were starting to be reveal ...the rest of the story we all know ...
It is easy to blame Bellemare and put all our frustation ,pain , rage on somebody ...we feel some relief ..personnaly i think the time has not come yet to finalyse a judgement on him ..it takes more longer then taught with more difficulties then predicted ..but suppose that in one year the problems are solve SP is up ,cash flow is growing alongside profits i think most of us here will be more then happy and will see him better then we think of him now ...
My experience in business tells me wait ..the game is more difficult and takes more time then plan lets reconize what he has already done -i know it is not reflecting on SP but there are also many more forces out there with smart , rich , well organize groups that knows how to plan another kind of game to make money watever happen and we are as retailer the victim of that and it is the risk we take in playing the game with them .
Bottom line : he is not perfect , did not do the job completly but in my book i think he will finally do it .That is my take it is worth what it is worth but i am sticking to my gun for that company and will keep my position and even buy more if it felt under $ 1 . SD