RE:RE:RE:RE:Balancing out SectorsThe problem with Belfast is the huge Pension liabilities (read the old Financial Statements of when we owned it). This taking on of a huge workforce, will drop the Margins so hard, our head will spin. This acquisition is no joke. Even for a company that does $9B in Revs. The problem is that the BJ industry isn't that profitable, and the commercial side is even less profitable (that's Airbus's problem now). This stock doesn't follow trading according to fundementals trading (YET). It's a lot of daytrading going on here and a lot of shorting and covering as well on such important days.
Don't worry about your 10K, the SP will go up tomorrow. I've seen this game before where they take it down on a good ER day. But adding on is your play. I don't think that the Irish unions are going to allow the move to Witchita?
stock4life48 wrote: Pretty annoyed given what I paid. Tempted to grab some more but this drop yesterday and today has made me a tad nervous. No reason to be because the fundamentals are all there
thanks for the info on Belfast. I wonder how long the contract is for them to supply wings, etc to us and we should just build a new plant in say Wichita or Savannah, all state of the art in a non union LCOL area
I agree about your comments about machines, I was in a driverless cab recently. Humans make mistakes, are late, get tired, sick, talk back, zero unions. Go go Vancouver the subways have been driverless for 40 years, the ones in say Boston, still someone in the cab like its the 1800s