Bombardier Inc. T.BBD.A

The cancer that BT was....

[flamingogold]

According to Alstrom's CEO, turning BT's woes around will take years!

“I’m not going to tell you that it will take six months to turn around. It will take several years, three or four probably, in order to stabilize the situation”

Proves that either management was lost or lied about the depth of BT problems. Now it's up to Alstrom to solve. Another good thing, the Bombardier name will be dropped by Alstom to avoid confusion with BA. One less thing for the Globe to tie any negative stories to.

https://canadanewsmedia.ca/alstom-ceo-says-several-years-to-fix-bombardiers-rail-business-but-no-plans-to-shut-ontario-quebec-plants-the-globe-and-mail/

[johnney]

flamingogold, i read that article, that BT, had more problems than we thought! In another way i guess they got out in time, and if medias have bad news to pull on the bomber, well, it will be only on one division, and not 3, or 4 anymore! most of negative news, i guess has been pulled out!

[johnney]

flamingogold, i mentionned here a few times that MGMT has lied to us in the past, we have the proof about BT problems!

[Angadh18]

Probably BT was operationally a disaster, but Alstom ceo also misleading given Bombardier is challenging the 400m reduction. The bomber won't win, deal is done hopefully its the final one time news for shareholders and aviation is more positive, properly managed.

[johnney]

I do not think also that they will win that $400M less for sale Of BT, they accepted it! Let's forget BT, not our problem anymore!

[Shamhorish]

IMO, BT was the cash cow of bbd. When alstom want to associate with bbd, bbd accepted but insisted to be in control alstom wanted to be in control,. The deal did not go through,. Strange,. Strange, strange, after a few years BT started to show problems, is it just happened or it was intentionally created by industrial spies to bring by down to be swollen by Alstom,. I think what happened with BT

[Guillaume]

Is it a complotist board? The covid created, now the spies send to take some sabotages actions :) BT is like sanofi.  When a country canot creat a wealthy environement for his companies, the companie go outside, she invest outside of his origin country, found customers outside, and with time, you lose the control of the company and his subsidiaries an she is no more yours. All the BT

[johnney]

BT had problems before the covid!

[Jim99999]

Careful, Guillaume, or they will think you are in on it, haha! Jim

[Guillaume]

I am in yes. I invested all my celi in bbd so... lol

[bigal103]

Wow you like conspiracy theories a lot...

[Guillaume]

Where you are right is that, previously BT was a counter weight to counter balance the cylce in aerospace industry. When aerospace where on the bottom of the cylce, the BT transport cash helped to smooth the production rate, alowing the production of white tails, and giving the credits to continue the ReD effort. Aerospace and Transport in dificulty because of lear in the same time with the

[johnney]

Learjet more than $4B lost. C-series more than 6B loss. Take all the loses, it start to make several Billions loses! No wonder why we are here today, no surprises there!

[Guillaume]

You canot campare this 6B and this 4B saying this is the same. The 6B investment gave a plane you can sell. Dont know in english but, this is an investment you can "amortir". The 4B investment give nothing and worst of all, he kill the 6B investment you have done in parallel so you have to give it to airbus because you are naked and you can afford to produce it...

[stockitnow]

Where are you geting $4 billion from. Its $2.6 billion. https://www.flightglobal.com/bombardier-cancels-learjet-85-with-26bn-loss-/118693.article

[Guillaume]

Dont know exactly, we have to take all the Charges on the plane on all the financial result form the start, and sometime after. If sonewone want to do the exercice :)

[stockitnow]

Well i did in few seconds by doing a Google search. They wrote of 1.2 billion and later more to bring totsl to 2.6. If you are going to specially quote an exact number then do the damn research.

[Guillaume]

It s not exact numbers. You will never know the exact numbers. ReD for exemple are not directly charged on a plane... Annyway, it s arround more or less 4B CAD

[stockitnow]

What do you mean you will never know? I just provided the link which said 2.6 billion. The website got that from bombardier. They didn't pull that number out of their ar$e like you did. You are off 1.4 billion. 2.6 is not around 4. Where did you learn math. Thats a big difference. Of course R&D gets charged to the program. Airbus, Boeing, etc all charge to the program otherwise how will

[Guillaume]

Ok, sorry for the inacuracy. Was 0.8B CAD off, i agree it s a lot. So, what s your point?

[stockitnow]

The point is you are off and continue to be off. All financial numbers are in USD. 1.2 billion USD is not 0.8 CAD. You conversion is wrong too.

[stockitnow]

1.4 not 1.2.

[Guillaume]

Lol No. 0.8 B off (4B vs 3.2B CAD), i was not speaking about the change rate usd/cad...  

[stockitnow]

Get with program. Bombardier reports all its numbers in USD. So what you are saying is you took bombardiers numbers from who knows where and converted it to $4 b CAD. And are implying your numbers are more accurate then what bombardier report and wrote off.

[Guillaume]

Your 2.6B usd give 3.3B cad today. So, i was 0.8B off, so i made appologies.  What you want more? So, even if it s 3.3B (MORE OR LESS), it change nothing to the fact they missed this money for the cseries ramp up.  But if you have an other theory, you are wlecome...

[stockitnow]

I dont have theories like you. I dont want apology. Just dont post arbitrary numbers and come up with theories. We already have too many people with theories on this board.

[Guillaume]

I see. So you invest in industry but are just interested in numbers and not in industrial problems. Me i see everything through my engineer point of view. Maybe it s a default and i have a biais. Maybe you can see and understand everything just reading a quarter result... Have a good day.

[stockitnow]

Lol engineer looking through engineering point of view. Explains why you don't get financial numbers. Engineering doesn't but prudent financial planning and budget makes money for business. Engineers gave us c series which was over budget and delayed. Great work of engineering but a financial disaster. If you look at everything from engineering point of view then bombardier looks good. But

[Guillaume]

No, it was a financial disaster because it was lacking financing. And it was lacking financing because BT was in bad shape because of the lear85, and because Canada did not helped them. This is just facts. This kind of programs nees a lot of money, they need national support. Airbus could not make the A300 without france and german support, same for boeing. It need a lot of public money (And this

[stockitnow]

Lol where are you going with this discussion. Ha ha So you do admit its financial numbers not your engineering point of view numbers. Not once did i say c series was a bad airplane so what nosense are you talking about defending it. Not once did i say i hate this industry. C series cost more and with Airbus buying sorry taking it for nothing still cost more than lear85. None of the early c series

[Guillaume]

Yes they had to sell it because they where not abble to follow the ramp up asked by Airbus. And yes, ramp up, tooling, training, is part of the starting investment. So we are saying the same story, but you just disagree on the overall impact on bbd of the lear85 failure? You think i t not the main explanation. Ok. Why not. Now we can shake hands :)

[stockitnow]

Forgot about shake hand. We go for beer when this sp takes off. If company goes down we will go for beer :) My sports team motto is win or loss hit the beer. We are both invested in this company and are riding the same wave.

[Julyb60]

Yesss... Good for you both !! Bon enfin...  Tout est bien qui finit bien :-) 

[Guillaume]

Annyway, this have no end :), We are just flooding the board for nothing. Sorry guys Enyoy the snow :) Have a good day

[stockitnow]

Lol Says the guy who made up the 4 billion loss on lear85.

[Carpediem01]

Tellement daccord! du radotage a nen pu finir! Shamorish,johnney et bien autres qui servent le chaud et le froid, le positif et le negatif a 2 minutes dintervalle! ridicule! probablement des trolls! CE QUIL FAUT COMME COMMENTAIRE CE SONT LES FAITS POINT FINAL! Bombardier est risque et il faut faire preuve de beaucoup de patience et la , on parle d annees pas de jours ou de semaines! cest un

[johnney]

Carpediem01, vous ne savez pas de quoi ont parle, tout simplement! Vous tes perdus!