Modest adjustments
A few days ago, Scotia revised their Q2 and 2021 EBITDA estimates, for supply chain reasons not unique to Flyer.
Q2 adjusted EBITDA forecast is $43 million vs $49 million consensus. For 2021, adjusted EBITDA is forecast at $226 million, still within the company's guided range of $220 - $240 mm, but down some from Scotia's previoys call of $234 mm.
This is all very small beer in the grand scheme of things, IMO. Count your blesssings that you don't own competitor Proterra (PTRA- Nasdaq) which has collapsed from the $16-$17 level a week ago to something like $11.90 today. For no apparent reason. I might pick up a few PTRA at this level or a bit closer to $11-even. I know that Flyer is the better deal but I already own too much. Besides, I think our Yanqui friends are more likely to buy their own Nasdaq listing when looking for a play on this sector.