Impact of CSeries on BombardierMy greatest concern with the fate of BBD is not related to things under control by BBD but much more with stuff that is out of their hands. BBD (David) is now a one business line company fighting with a couple of Goliath companies that can do a lot to harm BBD by creating situations for which BBD cannot control the remedies.
BBD is all vested into civil business aircrafts with:
Potentially ferocious competitors;
2 not very friendly governments to support them;
A very heavy debt
A major shareholder (family) with a competency and selfishness that leaves to be desired.
Major threats may be:
Increase in interest rates;
Goliath deciding to cut their prices for a while to starve BBD;
Reduction in sales due to some uncontrollable situation (crash, recall, etc.)
All problems that BBD has no control over and which may hurt BBD FCF and force BBD to look at having to find a savior.
I am a strong believer in BBD but let's not dream in colour and believe that they are now out of the woods with a strong duo leading the company.
I believe that at this point, the glass is half full half empty and we can only hope for the best.