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Air Canada T.AC

Alternate Symbol(s):  ACDVF

Air Canada is an airline company. The Company is a provider of scheduled passenger services in the Canadian market, the Canada-United States (U.S.) transborder market and the international market to and from Canada. It provides scheduled service directly to more than 180 airports in Canada, the United States and internationally on six continents. The Company’s Aeroplan program is Canada's premier travel loyalty program, where members can earn or redeem points on the airline partner network of 45 airlines, plus through a range of merchandise, hotel and car rental rewards. Its freight division, Air Canada Cargo, provides air freight lift and connectivity to hundreds of destinations across six continents using its passenger and freighter aircraft. Its Air Canada Vacations is a tour operator, which is engaged in developing, marketing, and distributing vacation travel packages in the outbound/inbound leisure travel market. Air Canada Rouge is Air Canada's leisure carrier.


TSX:AC - Post by User

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Post by givemeabreak1on Aug 03, 2022 11:06pm
158 Views
Post# 34870142

Facts as they Occurr!

Facts as they Occurr!Unlike pump daddy Rouge and the boys I play things by ear and adjust my prediction by facts on the ground.  I said to short when it hit $30 and I was correct. I said to buy at $20 again correct and said to sell when it hit $25 again correct.  I then said, things were ugly again look for the mid-teens again correct.  From here hard to tell but if you cannot make money in what might be the best of times another loss next quarter equal a share price hitting $10 after that again play by ear and facts on the ground.  That said, the picture is not good so it is a lottery ticket as there is no tangible book value it is all about what you think good will and dominant market position is worth.  

If in fact we see a somewhat major recession the debt they are carrying do not rule out $2 and creditor protection.  If the recession and housing crash does not occurr $25 is possible.  In order to get back to $50 they need to make $25 a share in profit to back to where they were in 2019 and that is some tough work!  So it is a lottery ticket with more chance that it goes to $10 than $25 right now!
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