From a taxonomy standpoint, I think those are very light jets.
To be clear, I’m not saying the light jet market is dead or anything definitive like that, but the fact that Bombardier is shutting down their well established light jet offering would seem to indicate they don’t have a rosy outlook for the segment.
I think the interesting element is what it says about the market for private jets in that there isn’t a perceived market for light jets, but that the super-midsized to large cabin+ is still very viable, any thoughts on what’s driving that? Interest rates, Engine efficiency, fractional ownership, customer preference?
I think if it it more like having a fire Marshall inspect a building, doesn’t mean it can’t catch fire the next day, but at least you know that it’s not death trap (smoke alarms, fire doors, sprinklers etc all check out)
Not anonymously but if you checked-in, checked a bag, and then didn’t board, typically your bag may not still fly, now on most international flights if you don’t board, they go pull the bag from the aircraft.
Please explain how they were bailed out, which my comment was in reference to?
Sounds like you have a problem with their fee structure - but not sure where the connection with a bailout is.
Separately, you do realize that (generalizing) hedge funds typically charge fees annually and have high water marks, which mean if the fund declines in value they give back fees that have been accrued for that year, and that they don’t charge incentive fees again until they’ve recouped investor losses?
What are you talking about? The city/county charges for those services - us municipalities are going broke for two simple reasons 1) public pensions 2) mismanagement
To be clear tax payers bailed out the banking industry and borrowers/homeowners, not hedge funds. (I’m not defending them just saying they weren’t the ones with their hands out (that time))
You’d be shocked by the trash equities that are, check QKLS (no idea what it is) but it has market cap of less than $10k. Sure we could but the whole thing for not a ton more. $1m would be plenty.
Except if you look where the gap is the widest, it’s places that have high paying blue collar jobs in heavy industry that are the big employers and male dominated (e.g Odessa, TX = oilfield, Beaumont, TX = Refining and petrochemical, Houma, LA = offshore oil and gas, etc,), so at least at the local level I think it’s driven more by what are the pervasive high paying industries and are they tilted largely to one gender…
I’ve seen this in supposedly “sophisticated” businesses as well
1) people misjudge what value others (the market) puts on their goods services and price much lower than value (this is especially true in hobby type activities where if you think about a supply demand curve you don’t need to set price at a point that incents massive demand (1m), but rather at a point that incents demand of 1/10/100)
2) people are horrible at estimating their costs - just ask an Uber driver what he thinks his cost per mile are fully loaded (taking into account depreciation, consumables (tires/oil), fuel, time and mileage when not on a fare, etc)…
My point is that an average consumer does not and should not need to understand some complex embedded technology in the products they buy and use, and that their lack of interest and understanding of such technologies can’t be used to infer their intent on a broader subject (privacy,safety,health, etc)
It shouldn’t be on the todo list of the average user to be knowledgeable on this subject, just like the average consumer should not have to be an expert in airbags to expect the ones installed in their car to work.
Interview several firms that have done deals in your space/vertical, and where this will be a meaningful transaction to the firm/md - and ask them for valuation guidance (e.g. what they think they think they can sell your company for) you’ll generally find they’ll be in a similar range (e.g. 4-5x ARR) that should set expectations for the sale process.
Deal structure can be worth ~20%+ of purchase price so don’t be myopic on focusing on price only. Trying to get the last dollar usually leads to broken deals and unhappy people on both sides, but you want to make sure that you’re getting a good market read on value for your business.
Make sure you trust the team/have chemistry, you’ll go through quite a bit together. Also make sure you have M&A counsel - don’t let your commercial counsel handle this (you wouldn’t let your internist perform open heart surgery on you…)
Give written instructions to your bank requiring them know to engage in transactions over a certain amount without a certain set of verification procedures (for example a call back with a prearranged password for any wire was one that I had with my old bank), and have them acknowledge receipt in writing as well. In the unlikely/unfortunate event that your money is stolen - recouping from the financial institution will be more straightforward if they didn’t follow procedures and you can prove it.
The parent is referring to known condition vs an unknown emergency event.
As an analogy in the case above the car owner is having their insurance company pay for their gasoline - where you are referring to an insurer paying for a car accident.
We (Americans) are in this situation simply because we have avoided making hard decisions in our healthcare system, and in many cases created actually done things that break the system further (limited to no healthcare rationing in Medicare, mandatory acceptance of pre existing conditions, attaching private insurance to one’s employer rather than the individual, etc.)
In short we haven’t come to a consensus as to derivation of the engineering axiom, you can have 1) broader access 2) quantity/quality 3) affordability —-pick two
I’ve been the beneficiary of wearing a helmet - but ask professional hockey players why they don’t wear face masks or why concussions are less in rugby rather than football, and you start to see that there is a seed of a point.
Nothing in the above negates what you said - Russia wants to expand beyond its borders, and create a buffer with Western Europe - and given population and hydrocarbon based economy, it’s now or never…