Interesting times aheadI'm finding that the pure play Bomber is starting to liven up it's share price.
If the shorting and bashing on this board, is starting to increase here too? That says that they are scared of the SP rising from alll the positive news comming from the Bomber. Also all the debt repayments are taking hold.
I'm seeing that for starters the BT sale has made a huge impact on the way the company is starting to be viewed.
I was against selling the BT division way back in 2017/2018 when the Bomber was in such a need of cashflow. But I now realized that, if the sale was done back them, that it would have been more effective on the balance sheet in 2017/18. In fact the Bomber would have save about $1B to $2B saving to thow at the current debt. Why??? Because BT was the real drain after they completed the development of the CSeries. In fact BT cost us $1 to $1.5 in short falls every year from 2018 on. This was for Legacy projects investment. Also had we sold earlier? The cost savings from CDPQ's noose, and interest payments would have been less. As well the money wasted from all those other asset sales to prop up BT's cashflow, and pay for CSeries/Airbus in investment would be in our hands too. This could have all been avoided with the early, and proper action by management. If only the Bellemare, and even more PB were aware enough to know of the BT Lagacy projects devestation to the company's balance sheet? None of this trouble would have happened. The share price would have up as well too.
This is why management is important.
I like EM. His work is centered around just making BA profitable, and he's doing that. I like what BD is doing with the amount of money at his disposal to pay off debt. I thin k he will be able to refinance the balance of the debt at 5.5% range.
So I see that sentiment is changing around the Bomber. Nothing that can't be corrected by Positive FCF. Even though we still had all of January 2021 to carry BT for this quarter of Q1/2021, they still did well not losing even more money to this money loser BT at the end. Now if they can only resolve this lawsuit/dissagreement with Alstom regarding the BT closing money dispute. We could end up with another $3/$400 mill more from Alstom. Does anyone on this board, who works from Bombardier, have any news on that closing dispute from Bombardier?