RE:RE:RE:RE:RE:RE:RE:RE:RE:spirit dealFor seven years you have been in this stock and yet you dont have a clue what is going on. You can express your opinion but if you are unhappy then sell and get out. Because you have been in this company longer does give you seniority over other posters. quote=pablo87]BullsvBear, I don't know what your problem is but if it makes you feel good, carry on. Im simply expressing my opinion (and frustration) with this investment - I've been in Bombardier since 2003 and its bar none my worst investment. The only saving grace until recently was the preferred that I bought at ~$17 and received ~$12 of dividends so far. The date January 16th 2020 with respect to Bombardier will live in infamy afaic. I will never trust the company again, whatever plans they come up with henceforth is either wishful thinking or bound to fail until proven otherwise and after over $10B down the drain its rich to call out any ideas however outrageous. Sure Martel >>> Bellemare but controlling shareholder remains the same and they call the shots. Finally, find me a post where I used the words "white tail". Obviously you're obsessed with it, I never said anything about it. The problem as I see it is you are incensed because someone questions the company well you know what, the company is public and for their performance the last 7 years, they deserve to be roasted. If you can't take the heat, get out of the kitchen (go private).
Bullvsbear99 wrote: Of course I am share holder. I dont come here to post just to call you out on your stupid post. You are playing the role of victim and making assumption on my motive. That's vey pathetic. Does your mother give you milk and cookies when you go crying to her I am long term investor. Read my earlier post. Have told you that so many times. You are open to opinions but when you get called out for b$ then dont go crying. Now third time where are those white tail airplanes you so claim to know of. And the 2 points you are making is useless as you.
pablo87 wrote: After 7 years of sheer and utter equity destruction (at least US$10B by my count) as a shareholder I am most definitely entitled to express my opinion, however outlandish, regardless of your personal attacks. You are obviously not a shareholder nor rational otherwise surely you would direct your vitriol at the controlling shareholders whose decisions as far as I'm concerned, merit a lot of criticism. Lets see:
#1 if we're lucky, net debt at the end of 2020 or by Q1 2021 will in the ballpark of what it was in 2013, IF all goes well in the next couple of quarters and the sale of Belfast and BT go thru. Pretty big IF.
#2 that level of debt will be on ~ 1/3 of cash generating assets remaining - indeed, that will be after disposing of the entirety of Bombardier Transportation, Downsview, Belfast, Training ($700M sale), all of C series, CRJ and the Q400 program, on 40% more shares today than there was in 2013, and with $2-3B of book equity gone.
Your Mileage obviously varies.
Bullvsbear99 wrote: Omg 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
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