Post by
Luckyeleven on Sep 29, 2022 9:10am
Dead cat bounce yesterday in the martets
And today back to reality. 25 handle inevitable today imo as this TURD can not attract investors with the huge debt load and in this economic environment. Saying that the bomber is always good for a trade if you pick your spots. Longs will continue to suffer here as they are never willing to see the bomber for what it truly is, top notch product but business is not viable for any shareholder return.
Comment by
PabloLafortune on Sep 29, 2022 9:27am
In an ideal scenario for long term shareholders, Bombardier would buy back some of its outstanding bonds and reduce its debt and since the price of its bonds tends to track its share price, a low share price may be a blessing in disguise by allowing them to buy the said bonds back at attractive prices.