Some toughts - Yesterday, BBD859 gave a forecast ; ''This will push up EBITDA up to $450M - $470M range.''
I can add that in the FCF side, if we substract 140 M$ for the interests, 80 M$ for the Capex and add at least 200 M$ for the work-in-progress inventories decrease ( at 46 deliveries we will be 10 over the 35 average deliveries per quarter in 2023), we will have FCF in the 400-440 M$ range. That will means close to 1 B$ for the full year. A real huge achievement.
- On a daily basis, the behavior of the stock generally went in the same direction as the big movements of the market. Since, the Q3 results it is unpredictable; It's as if the share moves according to its own momentum only.
- In the last 10 trading days, we had 3 huge performing days by Bombardier. Monday, nov 28 (+3$), Thursday dec 1 (+3,89$) and last friday (+1,46$ as the market was down 1%). This stock has a momentum rarely seen before.
That being said, it's difficult to distinguish realistic forecasts from irrational exuberance. We are only at 2,11$ pre-split.