RE:RE:Balancing out Sectorsstock4life48 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
I don't know how happy you are with the drop in SP for the 10k that you just picked up yesterday? Don't worry they'll go up. But this how I started to accumulate such a heavy position. It's just an observation. You do as you please.
As for Belfast. Someone here, an ex-Bomber employee told us recently, that it is very heavily skilled labor intensive. Old equipment, old buildings etc. The other thing is their Pensions of their personnel. Our commitment there is heavier than a normal plant, that is not that heavy on personnel. I'd rather acquire something machanized than labor intensive. See the problems with unions, as Martel said on the call. One thing I know is. That Machines don't talk back, aren't late for work, never get tired, and never go on strike.