RE:This earlier post talksI'm starting to think the problem is how gross margins are reported (which is standard accounting practice) with depreciation embedded. A better way to see the Bombardier upside is to show Gross profits excl. depreciation and then show Depreciation, G&A, R&D and interest as line items (as they are more or less fixed). Then it becomes very obvious that if cadence is increasing 15-20%, sales prices is going up, services are growing as is Defence, the bottom line (earnings, cashflow) is going to increase substantially and if you add that the backlog supports that cadence for 3-5 years, then yeah, you do not want to click on that sell button.