RE:Retail and institutional buyers remain suspicious:)
The news is non-terrible at best. They barely generated any FCF from ops. So if there is not organic growth, then they have to find a way to increase margins. In the mean time competition is getting tougher with the Dassult 6X and 10X undergoing certification. So where will margin expansion come from with such mega competitors with high margin defence businesses to subsidize the private jet BIZ. BBD is the ONLY one with no major defence business.