RE:RE:RE:RE:Canada's national pension fund hunts for deals It doesn't need air travel to " bounce back' for two reasons:--
the air canada contract- and its leasing business-
air travel hasn't gone to zero- its curtailed, but this company is still profitable- and will be profitable all this year.
NAV is in excess of the $ 3.25. you are mentioning> look at the CIBC report, much closer to $ 6 per share.
It the offer is a low ball offer they would simply reject the offer- but at this price the company is still way under valued-
I was a holder at $ 7/share and have been buying shares at the 2.30 level before the offer came. I sold some on friday, but am holding enough the wait this one out.
at $ 3/share this is still a bargain. P/E around 7 is still cheap even at covid reduced revenues.
If the entire airline industry collapsed and AC went bankrupt then the company would be in trouble. if you think AC is going bankrupt, then don't buy CHR.
My 2 cents