Post by
flamingogold on Mar 23, 2023 11:16am
FCF target almost doubled!
From 500 million to 900 million now! That is beyond amazing. Another Fitch rating upgrade is in the cards and institutions have barely begun nibbling at this and when they do, the appetite for shares will bring on a feast and a fight.
Contraian investing and patience are the two key ingredients I live by. Never easy but always rewarding. BBD is proving this to be true yet again.
Comment by
BBDB859 on Mar 23, 2023 11:22am
That's a little light in MHO. I think around 2025 it will be a bit more, I'd say to around $1.1B to $1.2B of FCF. Just at a glance at EBITDA forcast for 2025 gives me the confidence to say that. This is a great development story for the Company.
Comment by
flamingogold on Mar 23, 2023 11:38am
859, I think you are correct. But, Martel and Demosky are playing the under-promise and over-deliver game which I am totally content with.
Comment by
bicente on Mar 23, 2023 11:49am
I've been saying this for years .. under promise and over-deliver and it will happen again... they would never point to estimates that cannot be beat , at this stage in the game they keep a decent buffer ... service and military can grow much more without huge costs to develop.. GLTA
Comment by
Lukegermany on Mar 23, 2023 11:43am
Who believes in all seriousness that the 900 FCF mean the maximum. They definitely have a buffer built in. 20% wouldn't surprise me. The profit and the margin will also be larger at the end. That's more than I personally expected from that day.
Comment by
BBDB859 on Mar 23, 2023 1:17pm
I learned that the hard way. Contrarian Investing is not easy. When I sold my 13K of AMD shares for close to $7 I was glad to get out at the time. When I saw it climb to $200 a few years ago, I freeked.
Comment by
bicente on Mar 23, 2023 2:00pm
ouch , that must have hurt for a while ... my most profitable trades are the ones that I never made ...;) ... you can't really see what the company has cooking up until they serve you the dish ...GLTA
Comment by
BBDB859 on Mar 23, 2023 9:09pm
O ya. it hurt for a while that's for sure. It was in US dollars as well. That money was either the start or my second investment into the Bomber 2016 and then the fun started with the CSeries. The fun ended really quickly though, as you know. This is why I didn't sell, originally in 2019. In fact, this is the reason I don't want to sell prematurily here.
Comment by
bicente on Mar 23, 2023 10:28pm
Yes I remember back them ... well here we are now and we made it out of the woods , congrats for holding on . It wasn't easy for me either as I was in the green quick enough but I'm glad I held on and added a couple more shares too ... GLTA
Comment by
BBDB859 on Mar 24, 2023 8:17am
You gotta be lucky too. It's not just playing your cards right. We were touch and go there for a while. I didn't think they'd make it. Oh well it's over now? Play on. Cheers