RE:RE:DeliveriesTo me, and i am sure to a lot of other investors, it is a matter of credibility. The reason for the distress level P/E multiple is that the company has a problem with this in the past. This year, the company raised its delivery projections from 110-120 to 120. They therefore must meet it because if they can't meet this year's projections, then why should we believe the 2025 projections?
I, btw, am long and bullish on where I think BBD should go if they can manage their business properly.
Where Martel has been in the news this week saying he feels good about where the company is today and has been performing extremely well the last couple of quarters, then I should able to rely on that as fact. If it is not true, he should not be saying it. Also, the more time that passes with the company meeting his projections, the less distress level discounting we should see on the sp.
I think all of us who were around for the slide of the share price from over $5 feel the same way. Credibility is key to keeping my investment. If the company starts playing "good enough" with the facts again, I want out as soon as possible.