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Bombardier Inc. T.BBD.A

Alternate Symbol(s):  BDRPF | T.BBD.PR.B | BDRXF | T.BBD.PR.C | T.BBD.PR.D | BOMBF | BDRAF | T.BBD.B | BDRBF

Bombardier Inc. is a Canada-based manufacturer of business aircraft with a global network of service centers. The Company is focused on designing, manufacturing and servicing business jets. The Company has a worldwide fleet of more than 5,000 aircraft in service with a variety of multinational corporations, charter and fractional ownership providers, governments and private individuals. It operates aerostructure, assembly and completion facilities in Canada, the United States and Mexico. Its robust customer support network services the Learjet, Challenger and Global families of aircraft, and includes facilities in strategic locations in the United States and Canada, as well as in the United Kingdom, Germany, France, Switzerland, Austria, the United Arab Emirates, Singapore, China and Australia. The Company's jets include Challenger 350, Challenger 3500, Challenger 650, Global 5500, Global 6500, Global 7500 and Global 8000.


TSX:BBD.A - Post by User

Comment by BBDB859on Aug 10, 2021 7:36am
203 Views
Post# 33677064

RE:RE:RE:RE:First glance analysis

RE:RE:RE:RE:First glance analysisSorry. I left a word out (on) at the end of the post. 

"we all have to keep our eyes ON MANAGEMENT because there no room for error for them especially with our investment.



BBDB859 wrote: This is what I have replied to lb1temp yesterday at 8:30pm.

Look at the my reply, I've highlighted in yellow on the bottom. I wrote anything can happen with the way they handle things, and that's exactly what happened. They finally decided it was time to do LTD properly. Thanks to Flamingo for that quick print of the placement.

Investors here rest assured. Bombardier is now cash flush, and we will not have any financial problems going forward. The next LTD payment will be Dec.04/2024.

Finally they've hired someone (BD) with half a brain to handle their financing. Runway to the end of 2024 has arrived. Day traders, trade your heart away all day. Long term holders don't trade your shares, not even 1 share (unless you need to sell of course), because you will only be leaving money on the table. But we all have to keep our eyes MANAGEMENT because there is no room for error for them, especially with our investment. Cheers.


BBDB859 wrote: Hey Temp.

We're in agreement of the B rating next year. Bombardier will be able to produce
earnings more efeciently by keeping costs low Because they're a pure play now as opposed to it's competitors, EM and BD will keep tight reigns on BA, especially in the next 3 to 4 years. One slip up and there goes the whole ship. Their debt is still high, and will be high ($6.3B approx.) for 2024. Until they reach EBITDA of $1.5B by 2025, and Revs of $7.5, for 2025 (as they're predicting), we won't get too much relief on interest rates.

Perfect example is Boeing of 2 years ago when they had problems with the Max. They had an A credit rating, yet they were only able to get $10B @ 4.5%.

If the Bomber gets to 6%/6.5% rates for their remaining LTD in 2023, after payment of those upcoming LTD's, I'll be happy as a lark. The Junk Bond holders call the shots when you are in junk Bond territory, you trust me on that. By 2025, now that's a different story. $500M of +FCF yearly, will go a long way to a BBB- Rating. If they are churning $500M a year? Then they deserve the investment grade title. JMHO of course, anything can happen from now till then. Cheers



lb1temporary wrote: Just a small note: The BBB- rating is an ''investment grade'' level with at least a maximum of debt/ EBITDA ratio under 1:1. 
We could be happy with a B level next year, two notches over the current CCC+ rating. That implies a 3,5% or 4% interest rate level.
 

 




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