Seeking Alpha

CAE continues its slide from Friday

  • CAE (CAE -0.8%) slips again today off Friday's downgrade by BMO Capital to Market Perform.
  • The firm says that combined FQ1 civil margins came in well below the high teens level it hopes to achieve in H214.
  • A large part of the margin disappointment is a function of some disruption from a leadership change in the business combined with a slower than expected ramp up of new simulators and training centers launched over the last 6 months and a high number of simulators that are in a state of flux.
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