RE:RE:RE:RE:RE:spirit dealOmg so many on this board are correct in questioning your iq level. CRJ FAL was lossing money. Bombardier said each airplane they sold it was at loss because of low volume. CRJ aftermarket was profitable and that's what mitsubishi wanted to expand their reach. Bombardier had to packages the loss making FAL against the profitable aftermarket. So if Bombardier shut the FAL then the would have still made money from aftermarket (pre covid of course) but they would have a massive write off for FAL. Instead of writing off FAL Bombardier sold it to mitsubishi as a package with aftermarketsupport infrastructure. Belfast is getting sold because bombardier wants to concentrate on pure business jet market and Belfast is more on commercial side. Its a change in company strategy. But I dont expect you to understand because like i have said before you are an idiot. You read but you dont understand. If you know the liabilities then share it right with how many white tails Bombardier have that you so claim. You are a Fumbduck. Take the F from fumb and switch it for D from duck because I think you dont know what fumbduck means either.
pablo87 wrote: Are you dumb? If they're selling a profitable unit (Belfast), the response should be meh, if not the share price could be down for selling something that makes money - that is the very definition of a fire sale, LOL - Bombardier is forced to sell a good asset.
CRJ is not a firesale, its a lemon sale. If they're selling a money loser like CRJ, share price should go up (it didn't). And I know full well what liabilities Bombardier had to retain on the CRJ deal, its a miracle MHI bought it to begin with. Its all in the notes. That's bombardier selling a lemon to Mitsubishi, who realize what's going on and dodge some of the bullets but unfortunately for them, not all.
Bullvsbear99 wrote: CRJ was a fire sale and loss making unit and bombardier had to take on much more liability for pension and write off aircraft price guarantee. Belfast is a profitable unit and is not a fire sale. You are the fool who keeps studying but can't comprehend.
pablo87 wrote: Share price didn't go up when CRJ sale was completed. Any fool knows the Q3 results and backlog update is what will move the share price. Approval of Alstom shareholders will help as well. Personally, having studied Bombardiers' income statement and balance sheet in detail, I'm fairly confident things will only get better on that front. In particular, if they report BT as assets (and more importantly, liabilities) held for sale, then investors can see what the Bombardier balance sheet will look like going forward and I think, it'll be decent for the first time in a long time (especially when the $3B or so from Alstom hits the balance sheet next year). The only major concern is the backlog which will probably take a hit. I'll post the Honeywell business jet outlook article shortly.
Bullvsbear99 wrote: If the deal goes through then sp will go up as actual money will come to bombardier since deal is to be closed by Oct 31st. SP hasn't moved because of Alstom deal because bombardier hasn't gotten any money from it and until then bombardier is carrying all the risks and uncertainty of Covid-19 economy slow down. When Alstom transfer money and takes over rail then you will see sp go up. How much nobody knows.
bobus99 wrote: the stock will probably go down if the deal goes or not think a few week back? alstom deal everyone was waiting well it went trought and with us/eur exchange the price was almost what anticipated and stock is about 30-35% lower a few week after and thar deal was way bigger spirit deal is nothing but it will make stock go down for sure everything make this stock go down for 3 years now