RE:RE:RE:RE:All about deliveries Thank you Pablo.
When I wrote the post, I tried to answer Temp's & Club's doubt's on the operational side of things. I was in a hurry to grab my cup of Java and plan the day.
You're looking at it, from the Financial side, as expected (no fault of your own, I'm the same way). Take care of the nickel's and dimes, and the dollars will take care of themselves.
These guys (BD & EM) are starting to grow on me, because, there are businessman, & then, there are real businessmen, as I like to call it.
Yes the savings on the redemption side are good, probably to the tune 50M per redemption. But the whole idea behind this duo is the financial path they're taking the company. This BD especially is a genius on the financial side. He's got the Bonds at the number ($750M) that he believes the FCF will be at every year, going forward from 2024 on. This way he can redeem directly from the Free Cashflow account annually.
Please re-read the post and, see the post from an operational side though. You'll see that these past 3 years have been nothing short of remarkable accomplishments on that front. These guys have turned this company to a successful Pure Play, from a company that nearly went under. The Pearson facility, the Service Centers, the personnel adjustment, the Backlog adjustment. They got lucky of course too, with covid, but who knew that covid would benefit them? I'm sure the Manufacturing operations in Quebec are next for the revamping, if the cash is there. The problem I have is, the same as Temp's post regarding the military expenditure issue for now. I don't think that we can afford anymore cash outlays on anything other than the LTD reduction for the next 3 years. That's $2.25B of LTD repayment in 3 years, if all goes well and the Backlog stays around 1 to 1 B to B.. The overall picture is great. Though again people & Institutions can't see this yet. They are interested in the now. What this company did to its' Investors over the past 7 years was abominable and it's not going to be an easy thing to forget. Cheers