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IBT 1108 Executive Board Announcement

gret

Well-known member
Joined
Nov 14, 2007
Posts
1,008
Total Time
n/a
Isn't Google wonderful

Forgot to say...I've been computing IRR's longer than you have been polluting the planet.

Tried to make it simple for asswipes like you....but you know so much you can't appreciate a little education .
 

squawk

Well-known member
Joined
Feb 17, 2014
Posts
137
Forgot to say...I've been computing IRR's longer than you have been polluting the planet.

Tried to make it simple for asswipes like you....but you know so much you can't appreciate a little education .


Civ/Mil: n/a
A/C Flown: n/a
Ratings: n/a
Total Time: n/a
Occupation: wannabe

A Dilbert in a cubicle on a pilots forum.
 

BlueNose

Well-known member
Joined
Jul 7, 2008
Posts
259
Total Time
Enough
Repeat---

You can"t answer the question...can you! So instead you try and dumb down everyone...good job...

Feel better now? I actually had edited out my original reply because I decided it didn't add anything helpful to the conversation, something you might want to try. I don't remember ever attacking you, but if this approach makes you feel superior, have at it.

What exactly was I dumbing down? The original poster said Flex had been returning 15% to Bombardier. He didn't say by what measure, so I didn't try to guess, just said his assertion is not believable. But since they were a subsidiary division, not a VC investment, would BBD measure their success by IRR? Or would they more likely use operating margin or ROE? That's what I was assuming, but I don't know, and he didn't say. You must, so please enlighten us.

Not being a business guru like yourself, I don't try to speak CFO, or belittle others if they don't. But I think I am familiar with my own little sector of the economy. Please tell me how much of the following is wrong. The frax biz as a whole peaked in '06. Its decline started in '07, a leading indicator of the recession to come. Once the recession hit, the private jet business across the board, from OEMs to operators to FBOs, saw declines on the order of 30%. The percentage of in-service jet fleet for sale almost doubled, peaking at almost 20%, and valuations tanked. What little recovery we've seen in the past two years doesn't bring us close to being back.

So during that time, Flex is supposed to be returning 15% to BBD? And yet be available for sale at a bargain price? Again, I can't think of any corporate jet aviation business that has returned that much (ROE, ROI, operating margin, take your pick on the measure) on an ongoing basis. If I'm wrong, please enlighten me. Or just call some more names if it gives you a measure of emotional satisfaction.

And my main point, anyway, is that KR's history shows that he buys low with other people's money, he and his inner circle get taken care of, and that his business partners and employees do not. Ask Macquarie how their side of the Atlantic deal worked out. Or look up Brantley Capital, an early and large investor in the first Flight Options, and tell us how you compute IRR once an investment is worthless. If you have counter examples, please point them out. I'm not a union tub thumper, but the Flex guys are being played. The ones who've convinced themselves that they're special and that their new dad likes them best will be in for a rude awakening someday.

Best regards
 
Last edited:

BlueNose

Well-known member
Joined
Jul 7, 2008
Posts
259
Total Time
Enough
Forgot to say...I've been computing IRR's longer than you have been polluting the planet.

Tried to make it simple for asswipes like you....but you know so much you can't appreciate a little education .

One too many snifters of Cointreau last night, Mr. Master of the Universe? Hope you parked the Jag and took a car service back to Greenwich. No need to reply, I'm not worthy. Cheers.
 
Last edited:

squawk

Well-known member
Joined
Feb 17, 2014
Posts
137
Feel better now? I actually had edited out my original reply because I decided it didn't add anything helpful to the conversation, something you might want to try. I don't remember ever attacking you, but if this approach makes you feel superior, have at it.

What exactly was I dumbing down? The original poster said Flex had been returning 15% to Bombardier. He didn't say by what measure, so I didn't try to guess, just said his assertion is not believable. But since they were a subsidiary division, not a VC investment, would BBD measure their success by IRR? Or would they more likely use operating margin or ROE? That's what I was assuming, but I don't know, and he didn't say. You must, so please enlighten us.

Not being a business guru like yourself, I don't try to speak CFO, or belittle others if they don't. But I think I am familiar with my own little sector of the economy. Please tell me how much of the following is wrong. The frax biz as a whole peaked in '06. Its decline started in '07, a leading indicator of the recession to come. Once the recession hit, the private jet business across the board, from OEMs to operators to FBOs, saw declines on the order of 30%. The percentage of in-service jet fleet for sale almost doubled, peaking at almost 20%, and valuations tanked. What little recovery we've seen in the past two years doesn't bring us close to being back.

So during that time, Flex is supposed to be returning 15% to BBD? And yet be available for sale at a bargain price? Again, I can't think of any corporate jet aviation business that has returned that much (ROE, ROI, operating margin, take your pick on the measure) on an ongoing basis. If I'm wrong, please enlighten me. Or just call some more names if it gives you a measure of emotional satisfaction.

And my main point, anyway, is that KR's history shows that he buys low with other people's money, he and his inner circle get taken care of, and that his business partners and employees do not. Ask Macquarie how their side of the Atlantic deal worked out. Or look up Brantley Capital, an early and large investor in the first Flight Options, and tell us how you compute IRR once an investment is worthless. If you have counter examples, please point them out. I'm not a union tub thumper, but the Flex guys are being played. The ones who've convinced themselves that they're special and that their new dad likes them best will be in for a rude awakening someday.

Best regards

Wow! That is good stuff.
 

squawk

Well-known member
Joined
Feb 17, 2014
Posts
137
One too many snifters of Cointreau last night, Mr. Master of the Universe? Hope you parked the Jag and took a car service back to Greenwich. No need to reply, I'm not worthy. Cheers.

very funny...can I fly with you?
 

slowtation capt

Well-known member
Joined
Apr 13, 2003
Posts
445
Total Time
Tons
The ones who've convinced themselves that they're special and that their new dad likes them best will be in for a rude awakening someday.

Best regards

And these are the ones that are going to screw up the blood sweat and tears that I shed for years inorder to protect my future.
 

2dotslow

Member
Joined
Dec 4, 2005
Posts
18
Total Time
100,0
And these are the ones that are going to screw up the blood sweat and tears that I shed for years inorder to protect my future.

OK, i can't take this any more. Jeez, what a drama queen. Did you get your training at dinner theater in Ottumwa Iowa, doing La Cage aux Folles? Come on.........We've all got a long row to hoe, hell's bells, I'm 59, I'm along for the ride.

:dots
 

hopalong

Well-known member
Joined
Mar 3, 2006
Posts
278
Total Time
8000+
Civ/Mil: n/a
A/C Flown: n/a
Ratings: n/a
Total Time: n/a
Occupation: wannabe

A Dilbert in a cubicle on a pilots forum.

Lol! Gret is a wannabe tool who lives in his mommy's basement. Get a life gret and go away, this is a pilot forum.
 

FR8DOG777

Well-known member
Joined
May 15, 2006
Posts
360
Total Time
nuff
Take your silly little union and STUPID contact, that is the worst in the industry, and stick it where the sun doesn't shine!!!!!

BTW rsm Jerry Atkins called, he said he still had you and twats balls in his purse and would like you to reclaim them at your earliest convenience. I view you two know it alls like the net jet pilots that acknowledged the dickheads that held them back in the first big contract. Go big or go home, quit wallowing in mediocrity hoping somebody steps up for you. Good night, grow a set!
 

V1 Rotate

Well-known member
Joined
Mar 9, 2006
Posts
529
Total Time
10000+
BTW rsm Jerry Atkins called, he said he still had you and twats balls in his purse and would like you to reclaim them at your earliest convenience. I view you two know it alls like the net jet pilots that acknowledged the dickheads that held them back in the first big contract. Go big or go home, quit wallowing in mediocrity hoping somebody steps up for you. Good night, grow a set!

Another incoherent, non thought provoking post by none other than FR8DOG777.
 

FR8DOG777

Well-known member
Joined
May 15, 2006
Posts
360
Total Time
nuff
Another incoherent, non thought provoking post by none other than FR8DOG777.

Good one Vee 1, lurking around again? We all look forward to the professional services and contributions you have to share with the rest of us and showing us all how the true aviators at flex show us all rookies how to get the job done!
 

V1 Rotate

Well-known member
Joined
Mar 9, 2006
Posts
529
Total Time
10000+
Good one Vee 1, lurking around again? We all look forward to the professional services and contributions you have to share with the rest of us and showing us all how the true aviators at flex show us all rookies how to get the job done!

No one is calling you a rookie or insinuating that you can't do your job but as an Internet forum poster you are pretty lowsy. Now, tell me more about the 1108.
 
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