Bombardier Inc. T.BBD.A

Covid or something else

[lb1temporary]

	Q4/20	Q3/20
Gl 7500	16	8
others	28	16
Total	44	24
Revenues	2 248 M$	1 405 M$
EBITDA	-1	114 M$

The Covid was there in the third quarter. With close to 50% less deliveries they made positive EBITDA. 

The COVID explanation for Q4 doesn't works.

They said in the conference call that they expect that GL 7500 will reach a positive contribution level somewhere in 2021.  My understanding is that the GL 7500 had a negative margin in 2020 possibly by a two digit %.

[Zimmee1]

Excellent post. Following the graphic above, it was a very strange day for this company as shareholders were expecting the share price jumps higher from her previous close on Wednesday @ $0.73. The SP should have been open at least at the minimum $0.85? The bottom line, apparently some analysts don't like Bombardier stocks for a multitude of reasons or perhaps something else? We realize this

[PabloLafortune]

1B1, this is more or less what I shared earlier replying to my good friend 859. For whatever reason, we dont know what happened in Q4. It could be as simple as they wrote off a bunch of inventory for example. I have a little bit of experience with this stuff, I don't like this Q4 and I don't like the situation facing EM going forward. Fix part of the debt and interest cost somehow asap at

[joeman]

they cooked the books is the answer.

[Lukegermany]

I don't know if i understand this right, but in my opinion they took extra charges in Q4. Thats the reason why the ebitda dont look good despite 44 deliveries. I believe that 2021 will be looking good and it will be better than expected. They told every time they are prudent or conservative in their plans, i buy yesterday some more shares because i trust Bart an Eric. We will see if i am

[lb1temporary]

Fine , thanks to add some color.. More, In the Q3 CC they complain about the 2014/2015 introductory prices of these deliveries. With all of this we could understand the negative margin. They explain too that we have to wait 2023 for a full contribution of the Gl 7500.

[PabloLafortune]

Luke, thanks for that. Did they say how much charges they took?

[Shamhorish]

JOEMAN,   YOU SAI "they cooked the books is the answer." IF TRUE, could it Dibert doing , and Martel found out and then fired dibert end of Q3,2020???? or do you think martel is envolved too???

[Shamhorish]

GOOD POINT AS YOU MENTIONED " REVENUE 1 405 M$   EBITDA 114 M$ Revenue 2 248 M$ EBITDA-1 M$   " ??????????????????????????????????????????????????????????????????? ,