RE:RE:Have to admit… Still hard to understand. Comments are divided into 2 camps:
1. BBD is a retail stock with weak hands which explains the volatility. Due to share class structure and other factors, institutional investors won't touch it... or;
2. BBD stock is manipulated by market makers and institutionals that can make it go up or down at will.
In the meantime, BBD is paying down debt rapidly, has a healthier cash flow than anyone could have expected a year ago and is growing into markets organic to its core business (after market and defense). Hiccups with bond holders will likely be resolved / negociated like last time. Or BBD will win as the prejudice to the bond holders is not clear. The covenants were there as risk management for bond holders. BBD is much less risky now than if the covenants were interpreted as the bond holders wanted. Cancelled orders not a big deal as BBD stull has a full order book.