RE:Thinking of selling and getting out!
Even though the comapany does not even come close to its former self , I am keeping my position until the turnaround plan has been finalized , which means profits and a clear path to manging the debt ... If they hadn't mentioned about March 4th , where they will discuss their debt management strategy , I would have made a different decision . Shareholder value was last on the company's list but I did not foresee this long of a wait .The threat of BK is completely gone and they have cash on hand to maneuver until they get the best deal for that debt refinancing..I believe there is good oppurtunity there as many companies have renegotiated contracts/rents/mortgages during this pandemic.I don't see many companies out there with this much share price appreciation potential ( besides startups of course) .I feel safer with the company than I did when I first bought in .The investment hasn't been one of my smartest one but it is what it is.The family knows how to run a profitable business (BRP) and if they can keep the family lunatics away we will be fine.
I see great potential in smaller aviation demand now that it is clear that Covid ( and its variants) will not dissappear completely .. All those planes need servicing and the bomber is setting up to provide that .. the timeline for this "risky"; investment has been changed but the goal is the same but then again I can change my mind in an instant... GLTA
Joly1992 wrote: Once again SP dips on good news.... what are your thoughts? Will you sell your position?