RE:RE:another fair value calculationAgreed Temp.
Further there is no way to separate the Revenues of Gulfstream, from GD either. We can never figure out the reality of what Military Revs are really assigned to Gulfstream from the GD parent. If they (Gulf & GD) file their Tax separately? Then, there might be an advantage to load Gulfstream if the Tax benefit is there. Meaning if Gulfstream has a tax advantage. Otherwise the Revs are skewed and therefore so are the Margins, EBITDA, FCF.
Tempo1 wrote: We're going too far with these comparaisons.
GD has:
- an history of stability and profitability
- Under a large military business , there are diversified divisions producing military vehicules , bridges,....to combat and survey systems for the 3 army branch..
- They had between 65% to 75% off their business with the US gvrnmt and its subsidairies. It is a regular supplier to the Pentagon.
Business jets (Gulfstream) despite its success is the minor division of GD. It's multiple has more to do with the companies under the US defense umbrella than with business jets.