VL - Clearly good luck as with anyone with real skin in the game but the challenge for CHC - as has been pushed on a variety of earnings calls is the ability to fund itself.
See this.
http://ir.chc.ca/Cache/1500069567.PD...T=&iid=4293047
You look at free cash flow and at some point that needs to turn around or the company needs to raise capital... the appetite for which will come from its ability to turn things around. If that gets really questioned it won't be the touchy / feel better customer service that will save CHC it will be liquidity.
This from mid-2014 :-
Our Strategy - CHC Helicopter
Operator
Thank you. Our final question of the day is coming from the line of Jacob Dweck of Fore Research. Please proceed with your question.
Jacob Dweck
Yes, hello. A couple of questions. Given your cash balance today and the guidance for free cash flow for the next fiscal year and the bond repurchase that has already been completed, it looks like new cash comes down to maybe $50 million at the end of fiscal ’15. Is that correct? And then again, in ’16 still with negative free cash flow,
how do you plan on funding the company with the minimum cash that’s needed to run the business?
Joan Hooper
–
CFO
I would focus on liquidity, not a cash balance. So from a liquidity standpoint, obviously we’ve got our cash, but we have always had lines of credit that as necessary we’ll draw upon. We have a $375 million line of credit, so we’re not worried about our liquidity at all on our past deposit of free cash flow.
J
This is the earnings transcript from this week:-
http://seekingalpha.com/article/3007...p=qanda&l=last
You can read for yourselves the number of times free cash flow is mentioned!!
You guys need the price of crude oil to move higher.
The stock down at $1.30 tells you what the market thinks.
If Gartman is right then its goodnight
http://www.cnbc.com/id/102520464
http://video.cnbc.com/gallery/?video=3000362934