RE:3 reasons SP is going down 1- if this was one of the reasons, the SP would have gone up, just not to it's ceiling price. Rumor, goes up a bit. Signed, goes up more. Passes scrutiny, goes up even more.
2 - yes, maybe, but no one expected this be finished overnight when the rumors first came out and the SP reacted positively
3 - the signed deal was BETTER than the rumored deal. SP should have gone up
also, doesn't explain why it gapped up premarket and why Frankfurt exchange reacted positively as well. Everyone here was hopeful.. some were even wondering if they shouldn't sell at 2.50. All the short-sellers were nervous on the board.. I didn't hear a peep from them.
sorry, something bigger is going on
mingzhu wrote: 1, train deal is not done deal with incoming monopoly scrutiny
2, even it is done deal, it only takes place in 2021. BBD has to suffer another year of loss in train business
3, 9b debt-4=5B. The debt is still very high with obligation of 3b pension. That is 8B liabilities