RE:RE:RE:RE:General update dwitzany wrote: I'm not sure it is correct to say (as previous post) that this company was started by an MP, but their Board Chair for many years was Gary Filmon, the former premier of MB. This company has always lived by it's own numbers, and not gov't bailouts like Bombardier. I would never invest in a scheme like Bombardier that is essentially a subsidy sucking oporation, not a business model, imo.
The whole reason this is down is becuase the lead time on investments in aircraft for the MB and BC Medevac contracts was substantial, and the payoffs of those investments is STILL coming. This company has good organic growth, and they took on big opportunities with predictable and reliable future cash flows; you just need to be patient for a while...,
Recent weakness is also related to interest rate environment, where high dividend-paying stocks go down as rates go up..., but so do bonds!
I think you are more less right. They are different from AC and Bombardier. I just put them in the same bag since big portions of their revenue is coming from government. Emergency services . The latest analyst Rebecca Teltscher said they have some kind of mini monopoly in this business but yes over all this is very well run company. I own them in two accounts just added recently collecting dividends since covid time when I paid $ 34.46. My neighbour who told me about them owns them for over 10 years. He paid $ 16 and collecting dividends since.