RE:RE:RE:TD: Airlines previewThanks Zeke,
And AC is in that sweet spot where if market keeps the SP down, AC, with billions of $$ of FCF, will be able to buy back loads of shares (10s of millions) and that will increase EPS and that will eventually increase SP.
There are only ~265M shares outstanding, way lower than AAL, DAL, UAL :). If SP is low, its a matter of 2-3 years, the outstanding shares will be below 200/215M. And if recession comes in next 2-3 years, and market brings SP down, the number could look even lower.
For those of who are waiting for recession to prove naysayers right, they will be disappoitned as new credit cards revenue stream will provide enough FCF to take us through smoothly
There is no more escape, esp if youre in for few years. SP will up. I am in for the long run.