RE:RE:RE:RE:Is Air Canada overvalued???Wynjoe
Problem of course is that AC hit all time highs in 2019! A more realistic year might be 2016 where it was $8-$10 lol! So why is 2019 relevant! Pretty simple even if they were to hit eqiuvalent to 2019 all time high that number would be somewhere around $60 minus losses since 2019 which is $25 to $30 a share then account for increase share count and debt so anything around $25-$30 woul be equivalent to all time high. Needless to say we are going into a period where house prices are heading down, interest rates heading up and likelihood of a mild recession so discount that and you are looking at maximum upside around $20 and that is assuming consumers just fed up with lockdown and begin flying which has been happening but that long awaited time will come to an end over exhuberence always does! So the share price will likely float between $10 and $20 a share after that it will all depend on competition for flying miles.