RE:RE:RE:RE:RE:RE:RE:RE:RE:6 Pending issuesAre you for real. Where to start. First of all if you were to read my many posts you would have read me stating several times that i am a long term investor. You coming out with imaginary scenarios and numbers doesn't make any difference to short or long term investor so I don't know where you going with your long term investor comment. Also i thought you put me on ignore and was suggesting others to ignore me. So i guess you responding to me shows you dont even trust your own advice.
pablo87 wrote: You are obviously not a long term independent shareholder... because for the last 5 years at Bombardier, the best laid plans of management have more often than not gone awry. If you were a long term shareholder, it would behoove you to consider alternative scenario in case plan A doesn't work out which generally speaking, it has not. What are we on now, plan F?
Bullvsbear99 wrote: And he starts again with his imaginary numbers and scenarios. First the CDPQ ans now this $hit.
pablo87 wrote: The comparable is General Dynamics's Gulfstream. ~33% of operating cashflow, ~25% of total sales. 7.5x EBITDA, 1.35x Gulfstream sales. If at $7B sales they are as profitable as Gulfstream, and the debt and interest cost were the same (they won't be sadly... but in order to be they'd have to have only $120M of annual interest costs eg $4B @3%), that would be $5 a share. For the French or ?, that would mean $3-4 I would imagine depending on the debt assumed. Keep in mind, GD is down 30% on the year. So if the family is rational (another pipedream), we could do quite well.
flamingogold wrote: Pablo, what do you peg a fair price at?
pablo87 wrote: Sham,
Im starting to think that plan B for Bombardier involves either merging wth BRP or merging with a Frenc company. As part of a French group, Bombardier would enjoy low interest rates and would probably get military contracts as well. While that might be sad for some, if a fair price was paid it could be good news for shareholders.