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Chorus Aviation Inc T.CHR

Alternate Symbol(s):  T.CHR.DB.B | T.CHR.DB.C | CHRRF | T.CHR.DB.A

Chorus Aviation Inc. is a global aviation solutions provider and asset manager, focused on regional aviation. The Company’s primary business activities include contract flying, aircraft leasing, managing aircraft on behalf of fund investors and other third-party aircraft investors and/or owners, as well as maintenance, repair and overhaul services and pilot training. The Company operates through two segments: Regional Aviation Services and Regional Aircraft Leasing. Its subsidiaries include Falko Regional Aircraft, a pure play regional aircraft asset manager and lessor, and managing investments on behalf of third-party fund investors; Jazz Aviation, a regional airline in Canada and provider of regional air services under the Air Canada Express brand; Voyageur Aviation, a provider of specialty charter, aircraft modifications, parts provisioning and in-service support services, and Cygnet Aviation Academy, an accredited training academy preparing pilots for direct entry into airlines.


TSX:CHR - Post by User

Post by Adventurouson Nov 03, 2020 7:48pm
340 Views
Post# 31834187

No need to know everything or get caught in the noise

No need to know everything or get caught in the noise
We are entering a zone of turbulence and a number of invertors might be tempted to sell, thinking this is getting too complicated. As for me, I still feel Chorus is a solid company, with a great value component (the CPA with Air Canada) and a promising growth component (the international leasing component). An all-season solid mixture. Analysts agree the debt level is manageable, the company can easily stand the Covid, and post-Covid looks bright. So much so that at least one major player is telling Chorus management he's ready to pay a premium to get my shares.

Volume is steady and the stock does not show signs of going back towards the pre-bid $2.30 level, unless an improbable post-US elections bout of instability. After all, the stock price was around $2.80 after last Q results were announced. We could have logically expected the same next week when Q results will be announced. So we are some 25c higher with a takeover bid on the table. I can't call this overpriced. We went over $4.00 this summer on no news.

It rarely pays investors to do what feels comfortable. Says Winnie the Pooh: "Never underestimate the power of doing nothing". Right now, my kind of guy.


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