RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:spirit dealOk, stockitnow/bullvsbear99, family goes to Ottawa with hat in hand. Feds say same as last time,"get rid of your dual class shares and we'll talk". What happens next?
The point I am making is that some on this board have an inexplicable trust in the family's ability to navigate the company through the next few years, the years that are arguably the most critical in the company's history. Based on their past performance, which has brought us to the state we are in today, I do not share that confidence.
Jim
Bullvsbear99 wrote: I don't tink they are going bankrupt either. What i am saying is the family doesn't want to go bankrupt either and
will do whatever to avoid bankruptcy. whatever could be anything they will beg for loans from government etc. I am not definng or saying specifically any one method.
Jim99999 wrote: Again I will ask you, what do you mean by this?
Some here are convinced that the possibility of bankruptcy is remote. I am not so sure. I believe that if the economy is stagnant for a protracted period of time, BA may have difficulty carrying the remaining long term debt. I am curious as to what specifically you envision the family doing if BA finds itself in a cash crunch.
Jim
stockitnow wrote: Maybe you should read his post when he would respond in French totally changing the topic and meaning of the message originally posted in English. For the second point i am saying family will put no more money in the company and
they will do whatever to avoid bankruptcy without so. For someone who has no skin in the game and always posting negatively to be offended and suddenly stop posting because he was inhumane to him is pure B$. No one is a cheerleader here. Everyone is vested to make money one way or another. My strategy is long and someone makes money by shorting or day trading then thats there plan. Apparently some take it emotionally.
Jim99999 wrote: The first highlighted text is a load of nonsense, pure and simple. Pierre was negative, yes, and time has proven his negativity was well founded. He never, to my knowledge, twisted the truth. He was not a short. He merely focussed on the negative. Cheerleaders do not like to hear negatives, and constantly attacked him, claiming he was twisting the facts. He left the board after bicente was inhumanly cruel to him.
Second highlighted text: What do you mean by this? Are you saying the family would put in some of their money if needed? I think that will happen when hell freezes over.
Jim
stockitnow wrote: Pablo87 you accused me of being Pierre. So dont play this attack game victim. Pierrelebel admitted not owning any shares but always posting negative news only.
He would twist facts to make it negative. The volume of shares traded is low and Pierrelebel isn't posting anymore. He was a shorter and you were eating up everything he was saying from his hand. You claim to be long but clearly you dont remember anything. There are a lot of longs in here like myself. Long term company will get out of this. Its still very risky investment/gamble. You claim to be long and have said company is moving in right direction but make an about face everytime the wind changes. Longs invest and wait for long time. My bombardier holding is down 6 figures but you dont see me complaining. This is a gamble. I had bought at 2 held and not sell when it was 5.5 and still holding. Had i known bombardier conditions i would have sold at 5 and bought back now again. You claim to do research but still dont get it. Martel wont make any difference. Just like Bellemare he will take orders from the family. Long term family will want to increase the stock value as they own 15% of a shares. They are not going private as they dont need to put any more money in it to control the company. Family has 51% control. Why they spent money when they dont have to.
Company is also not going bankrupt as family will do whatever to maintain control. Company was doing well but c series is what got us the big debt and down fall started from there when other division were under funded to control expense. It will be a long recovery period. Longs are patient you arr not.
pablo87 wrote: Stockitnow, fair enough. I won't take it to heart though. You and others used to attack another poster pierrelebel non stop instead of the company so what does that tell you? So while I take comfort in the fact that getting attacked means I'm doing my job as a dissenting shareholder, a muckraker so to speak, I take no pleasure in it as I have substantial losses on my investment in Bombardier. The date January 16, 2020 will live in infamy for me (only insofar as Bombardier is concerned) and despite my opinion that Martel will be a much better CEO than Bellemare) - albeit with a smaller pile of dirt to shovel - as all rational investors know, the root cause of the dismal performance of the company this past 7 years, the controlling shareholder, remains.
stockitnow wrote: Pablo87 everyone is entitled to their opinion not just you. But the vibe i get from your post is that you think your opinions are untouchable and you present it like facts. If you can't take it then dont dish it out.