RE:RE:Balancing out SectorsBelfast is probably another reason they are keeping all that cash in hand. M is smart to want others to take it over. They'll step in if necessary he said. They need to stay out investing in every first or second tear companies, that are having trouble. These moves will take their focuss off their ability to grow where it matters. the BJ production is the sweet spot.
stock4life48 wrote: a little surprised by Bar's comment of paying 800M in debt be end of 2025, I was expecting it to be 1.0 to 1.2 Bil given the expected FCF generation
One point I don't agree is that I don't think Belfast will cost us must to acquire and very possible we might get a cash payment to take it over much like the Spirit and Airbus deal. However I think Belfast is a bit of a pig cash wise and will likely burn some cash over say 1-2 years. No idea if that can be turned around or not, I don't know anything about that operation
Overall very happy with the call and ER. Happy I grabbed another 10,000+ shares yesterday