RE:RE:Bombardier shares = casinoA normal stock would pop on such news though. Example TOU good earnings yesterday jumps from $13 to $14 (back down now). So BBD is no longer treated like a normal stock perhaps manipulated as you say but also no interest from large investors...also, if it was a real VSE style penny stock it would have probably gone up 100% LOL.
Good call on Gold by the way.
clubhouse19 wrote: For now though, short term trading is the only game in town for this and most other stocks unless you are Rip Van Winkle .
Buffet's game plan even comes into question with the amount of manipulation that is opaquely and overtly going on especially in this country. I don't know about Buffet and how he manages his portfolio's . and he also is into a slew of hedge funds.
Buy and hold...not even for Buffet any more./
Even Buffet can't counter what is going on
When it comes to Warren Buffett hedge funds are just like ordinary investors. They are blinded by Warren Buffett stellar reputation as a shrewd stock picker even though Buffett's track record over the last 10 years is absolutely pedestrian. In general we believe hedge funds are great at stock picking, but we also noticed that Warren Buffett isn't the same man who used to beat the market by 20-30 percentage points year in year out. https://finance.yahoo.com/news/hedge-funds-obsession-warren-buffett-180616960.html pablo87 wrote: The shares are trading like 10-20% chance they will pull out of it and 80-90% they will not (in which case shareholders will get nothing).
Only 3 things will move the share price IMO: reducing the debt, positive cashflow and good decision-making that favors non controlling shareholders. We have none of these 3 at the moment and havent had for 5+ years.
The debt is actually increasing (despite the asset sales!) as Martel just borrowed $1B.
The cashflow was negative in Q2 as expected but bottom line, they haven't been positive cashflow for at least 5 years maybe more (they are every Q4 but that's the annual year end financial engineering to look good).
The decision making doesn't favor non controlling shareholders so far. Two things: Martel said he won't borrow from government. Instead they borrow from private equity at who knows what interest rate (but certainly not 3%). This is pride talking. Boeing for example has no qualms about leveraging the govt to get relatively cheap loans. He also said CDPQ made huge money from BT which is a contribution to Quebec society. Seriously, who gives a flying !@#$? So unless these statements are made to negotiate, they are totally not in the lane of what the CEO of a profit seeking company should be making.
Let's see if August 6 brings any good news on these fronts.
One thing to watch very closely: the aviation backlog. Gulfstream's backlog dropped from $13.3B to $12.1B in 1 quarter. They also had a decent quarter revenue wise as deliveries went up from 24 to 32 (large jet).