RE:RE:RE:RE:RE:RE:RE:Bought the dip a while backWe need the military contract, Bombardier could build a fighter jet, make CAF modifications to optimise the aircraft design, and then our best engineers have a new project to work on , fully funded, low risk high margin.
PabloLafortune wrote: No argument about family's achievements. Asian people I talk to for example think this is a great Canadian company - unlike our mandarins in Ottawa and Quebec, they're not oblivious to the fact that designing a good aircraft is extremely difficult regardless of the resources you're willing to throw at the problem. and that Bombardier is among the handful that can do it well. They may in fact be the best in the world at it as nobody else has managed to do both commercial and business jet as well as they have. Unfortunately, that has come at a very very steep (share) price entirely borne by shareholders like you and me. Of course no point to bail now as it probably will recover some but at the first sign of trouble after this recovery, I believe investors will bail in droves and will never return. I know I will. The need to dream big , live beyond their means and yet retain control has caused them to finance with debt absolutely everything possible which has completely destroyed shareholder equity. Which shareholder in their right mind is going to want to go thru that again? Btw, I seriously doubt key employees will want to go thru that again. They should count their lucky stars that someone like EM was willing to take the CEO job. Probably the reason JdB is still there - nobody qualified and with other options would want to step into his shoes. It's one of the reasons why I think they should go private while they still can. Would hopefully knock some (financial) sense into them and put PB out to pasture for good.
bicente wrote: You are correct , and the saddest part of all is that management themselves had no clue how bad they skrewed up the company ... the left hand didn't know where the right went or if it was still attached to the arm ... as someone else posted here something to the effect of " one day the business world will use Bombardier as an example as to how not to run a business " or " how to screw up a good company " ... having said this I still believe the family will bring the bomber to its glory days and more , they are a tough bunch is what I've told ... I used to be so proud seeing the Bombardier name all over the world and on Formula1 cars especially, I hope that feeling comes back real soon ... GLTA
quote=PabloLafortune]In 2018, BBD.B shareholders perceived that they had upside from C series, BT, business jets and infrastructure. Now 3 of those are gone and the debt while less overall, is still very significant. Of course, WE didn't know that C series was losing money badly and that BT had all these so called "legacy" issues (aka bad management). Heck I still remember Di Bert saying buying back Caisse was a top priority, LOL. Reality: they didn't have a pot to p!@# in!!!
johnney wrote: The problem is not too many shares, cause when this hit over $5.00 in 2018, they had same amount of shares, and $9B debt, but projects has been overcosts more than what they thought, and had to sell almost all their assets1 Of course at $0.30 and 2.4B shares outstanding, doesn't help at all, and the $9.3B debt is still their!
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