Stars and DogsBut this one has a bit of a positive spin. GLTA
Cargojet (DOG)decrease
Shares of Cargojet soared when people started ordering everything online during the pandemic. But this week, the stock came in for a bumpy landing. It’s not that business is slowing; third-quarter revenue surged nearly 17 per cent as supply-chain disruptions and trucking shortages boosted demand. But investors are apparently nervous that Cargojet is adding aircraft capacity when cargo “belly space” in passenger planes is starting to rebound, creating more competition. RBC analyst Walter Spracklin said the fears are overblown and expects demand for dedicated carriers will remain “robust.” But investors aren’t unbuckling their safety belts just yet.