RE: why this thing is going down the drainGreetings to all the regular posters. I have not posted on this board before as I only bought into CAE a couple of weeks ago when it was down to $5.52. I believe it will fall at least to that level again in the short term but I truly hope it doesn't.
To answer your question you have to look no further than the airline industry which has been downgraded and the aircraft manufacturers like Bombardier who have also been beaten up like CAE. If the airline industry declinces there is less demand for simulators. With any luck the armed forces may save us as Bush likes to spend money on defense.
Just my opinion,
Cheers,
AR