Post by
Bullvsbear99 on May 05, 2021 2:16pm
Reason for early pre release
One of the reason for pre release of quarterly report could be bigger news. News of selling Alstom stock is done, Q1 results are some what inline or better. They also talked about the bond holder issue. So could it be merger talks with Cessna. They have shutdown learjet which was the only true overlap with Cessna product.
Comment by
flamingogold on May 05, 2021 4:54pm
I would not expect anything major like a merer. I believe preliminary (positive) results were released to offset the negative headline about the 2034 bond holder. Unless there is more news on debt restructuring/buybacks, we will remain stalled and in fact may sell off a bit more as some investors (traders) will want to exit. But, I would love to be wrong.
Comment by
Jim99999 on May 05, 2021 7:09pm
I agree with you totally, flamingogold. As well, I expect a sell off tomorrow, as the headline results will look bad to anyone not following this story closely. Despite this, I expect more analyst upgrades to follow. Jim