RE:RE:RE:RE:RE:Big gamble; Alstom deal will not get EU approval you have to be a real idiot for calling someone else an idiot while pumping the tires on a company with 60,000 employees whose stock is trading for 45 cents. You have a serious disconnect with reality.
This is an opinion board, I'm expressing an opinion on it. Just like you. The only difference is, I don't attack other posters. You do. That makes you a cyberbully. You are also strangely favorable to absolutely everything the company is doing...I must have hit a nerve I guess...
As for your points...I admit my BT suggestion is out there. I've said that. Is it idiocy? Maybe. Was betting the company on C series idiocy? Was the $1B invested by Quebec in C series idiocy? Was the ACLP deal idiocy? Time will tell. But those things weren't opinions on a bulletin board. They actually happened. So excuse me for thinking out loud. On a bulletin board.
They are getting a good deal from Alstom that is true but the one making out like bandit is CDPQ, not Bombardier - Bombardier's stake was valued at $3.5B 5 years ago, they'll be luck to get that now. Whereas CDPQ will have made $1B? Martel even alluded to that in the press. That is a fact. Also, Alstom deal is not definitive. Alstom can walk away for 75M Euro. What then? When you claim the deal "will go thru" is not a fact. It's your opinion. Or perhaps you have inside knowledge. Do you? I know you won't answer that. We small potatoes investors don't have that knowledge. And perhaps therein lies - at the end of the day - the fundamental problem of this company. There's outsiders like me and there's "insiders" like you.
Also, you make it sound like I've said they're not doing good things which is not true. They are. They're managing quite well all things considered. I've also said the Q1 wasn't actually that bad. I took the time to go thru the balance sheet with a fine tooth comb. Did you? Didn't think so.
Reality is reality. Its not all roses. There's good and bad. Mostly bad according to the market otherwise the share price would not be 45 friggin' cents. The debt is still $9.3B. They're still paying 7%+ on it. The deal with Alstom is still not definitive. There's still long term uncertainty as to whether depending on a single market is viable. Why else would Martel bring up the fact that they're looking at other markets? Because deep down, he knows that.
Why am I still in it? Because the share price is 45 cents. Worst case I get 0. Best case, back to $5 (in my dream).
Bullvsbear99 wrote: pablo87 you are an idiot. They have laid off ppl in BA including Belfast, they have seen reduction in backlog and delivery due to covid 19 and have adjusted for that number. You mentioned covid 19. Covid 19 is an immediate threat that bbd is working on addressing. Those little things you say are big moves. Bombardier is Concertrating on immediate threat of delivery and cancellations. They have closed on CRJ deal and are waiting on Belfast deal to close and decision on rail sale. They haven't been sitting out. Deal has been made and is out of bbd hand on when they will close. There is no immediate concern on any loan payments nor are they in any danger of defaulting on them. In fact Spirit is on more trouble in paying their covenants. Bombardier has adjusted its expense and have reduced work force to preserve cash. They put actions in place. You and your imagination numbers and suggested deal with CDQP is your stupidity at its best. If you are to read some of the articles and comprehend then you will know CDQP wants the deal with Alstom. They will become the largest shareholder in Alstom. So why the hell would they want to take more risk with bombardier rail on its own. You and your bum buddy who thumbs up your post have no clue and are totally missing on what the family and CDQP are doing. Bombardier, CDQP, premier are all supporting the deal and its good deal. SP dropped after the announcement because everyone things the deal won't go thru but the deal will go thru. July 16 EU will either approve or ask for more time to review or will ask to change some of the elements of the acquisition deal to meet if any anti competitive concerns. Most idiots like you don't read enough articles from the industry to know what is going on, and make up your own screwed up assumptions and conclusions. Oh yeah and don't expect bombardier to tell you all the decisions they have with lenders and what terms and rates they work out. You and most shareholders including myself are peanuts to them. Let the big boys run the business and you go back to your treehouse and play with your imaginary deals. Idiot. By the way I think I am not alone in thinking you are an idiot on this board as I have seen others tell you off.
pablo87 wrote: Sham, July 16 will be 6 months since the infamous press release of January 16. They've done a few things since then and yes there's been COVID but what or how have they restructured the heavy debt burden? They haven't. Probably they can't. It continues to drain the company. Almost every stock has recovered from their historical lows (the Cruise lines have doubled FFS and they haven't even restarted operations!!!). Just not BBD. So in the day to day, week to week, month to month, progress is being made. Just like before. But in the bigger picture, it really isn't.