Scotia ReportThanks Nobody.
This report is very detailed. Coming from Scotia too, who are very conservative similar to CIBC in cautious numbers. I'd have to say that the information is very valuable, and very close to the low end of optimism.
According to the conservative FCF numbers, I would even go further on the LTD, and say that the 2025 LTD, will be in the $3.5B range, and Net debt will be $2.5B range. Those numbers are astonishing, given that the company was at $10.5B LTD, in Jan., 2021, and no hopes of stopping the bleeding on the cashburn side. This to me says that problem was BT and it ran/dragged the company to the ground.
People here that are Longs are lucky, and can take the easy way out on the stock. You can sit, and relax, & let the stock take it's course, which btw, is what I will probably be doing until 2025. To play or trade this stock is not easy. So just sit on the fence, and enjoy the ride up. If you take the Scotia's numbers of 1.5 X the current SP by 2025? Then you're at close $200/S. That's a pretty good pay day in 2025.
To me this is the direction that this company is going, under the helm of BD/EM. I see no Capex worries, at around $200M/Ann.. Strong FCF generation annualy. No supply isssues in getting to the New Annual plane delivery targets up to 150. With Pearson, the Service side maturing, & even the Military side picking up a couple of orders, the Bomber will be a FCF generating machine. No reason to sit and listen to people spreading fear here on this forum. Live your lives and enjoy the upside. A lot can happen between now then of course. But to me it's all a simple execution game for the company from now on, and this is a great hands-on team for my money. JMHO