What will deflate the bubble is higher interest rates, that will drive up the "house poor" bi-weekly mortgage payments while at the same time driving down the overpriced markets like Toronto and Vancouver.
Interestingly, the large rise in both these markets is from overzealous condo "investors", most of which are foreigners.
Basel III is coming into effect, TD will pass muster.
Well, Buzz, I've said it numerous times in the past (going on almost two years now) on that board......it's all about C-Series.
Hostile l'il feller, aintcha?
Maybe you can get through to Blurts, although I highly doubt it.
“We are trimming our target price to $4.25 to account for (i) BBD’s protracted margin challenges and reduced guidance; and (ii) our outstanding concerns over the firm’s C Series timeline and related capital spend program.” Steve Hansen, Ben Cherniavsky, Raymond James, as they cut their price target on the shares from $4.50 (Canadian)
“Over all, this was a weak quarter on many different levels. [Free cash flow] and aero [capital expenditures] will be the key areas of concern.” Walter Spracklin, RBC Dominion Securities
“Over all, we are confident in the company’s ability to take advantage of many near-term opportunities in aerospace (including substantive potential orders from Air Canada, Monarch, Garuda and Rostec) as well as transportation, with several new contracts to be awarded by the Mexican government,” Benoit Poirier, Desjardins, who trimmed his target to $6.25 from $6.50
“The ratings on Bombardier reflect what we view as the company's ‘satisfactory’ business risk profile and ‘highly leveraged’ financial risk profile. Our ratings take into consideration the company's leading market positions in the transportation and business aircraft segments, as well as its product range and diversity. These positive factors are partially offset, in our opinion, by the continued execution risk associated with the entry into service of the C Series jet, high leverage, and reported profitability that has been weak in both the aerospace and transportation divisions.” Standard & Poor’s
“The downgrade of Bombardier’s ratings is driven by its higher-than-expected cash consumption in 2013 and our view that the company’s negative cash flow and elevated leverage will persist longer than we previously expected.” Darren Kirk, senior credit officer, Moody’s
Anyone and everyone that posts on this board (well, other than Blurts) either:
a) works for Bombardier
b) is related to the Beaudoin family, by blood or by marriage
c) works for Bain Capital
Blurts, you're hilarious.
I think blackoutbuzz has his cubicle next to mine at Bain Capital, Blurts.
You see boogeymen everywhere, don'tcha?
Blurts, you're all over the map......first you post endlessly on cash burn, now you're calling for a share buyback? What colour is the sky in your world?
There's the possibility of cancellations from the US airline and from Porter.
Seeing as there's been no test flight data released to day from the FTV, Bombardier's efficiency promise is just that.....a promise.
There's been no C-Series (other than static displays) at any airshows.
Hence, there's a lack of orders.
I take it that you're still long on your massively underwater shares, Blurts.....
Now, if you're absolutely certain and pessimistic, why not initiate a short position to at least assure a profit on the way down? If this is your premise, then why continue to hold long, if you're certain that the direction is down?
I'll wholly admit that I have no idea what goes on in that mind of yours.
Well Blurts, I told you that $3.56 was a distinct possibility....lo and behold.....
Now, learn to cover your investments through other vehicles (covered calls, short positions, straddles, etc.).
I've told you before, it's all about C-Series and that nothing, nothing else matters.
Coming from a guy that's been here a couple weeks at best......
Don't take out your frustrations on others, it shows investment immaturity.
I called for $3.56, and have posted more useful information to this board than any other member.
Don't act all surprised, even you were calling for a miss, you expected something else from this quarter?
Guess you're choking about now, eh Blurts? Still won't acknowledge my call for $3.56, will you?
Always cover an in-the-money long position with a insurance short..........
It's just a stock, not a religion, you can't betray it.