This is sort of an ongoing dialogue, but for the moment investors are pleased with these numbers, given where their head was. Profits were good, cash was great, and the guidance was good.
More Quotes from Cai Rumohr:
Commercial and defense companies are apt to deliver very solid results again in Q4. But upside momentum remains greater for commercial plays, while defense stocks are stable, defensive cash redeployment vehicles.Cai Rumohr
I don't lose any sleep whether they miss by 2 or 6 or 8 cents. The concern is how this ends, do they come back as one team, or do they come back one at a time with an attitude. That could impact on whether you recover in the quarter.
Cai Rumohr
Spinning it off kind of just gives the problems to your shareholders, and a joint venture really doesn't do much for you. The optimal plan would be to sell it and use the cash to reduce debt.
Cai Rumohr
There's probably going to be more money coming to the industry, but it's difficult to put precise numbers on it right now.
Cai Rumohr
It's like doing a total 180. It's like saying 'Everything I've done in my career until now has been wrong.
Cai Rumohr
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