RE:Analyst Commentretiredcf wrote: May have had something to do with yesterday's decline. GLTA
https://www.bnnbloomberg.ca/video/david-burrows-discusses-cargojet~2500280
HOLD
Cargojet Inc(CJT-T)
10/08/2022 at 08:00pm
Benefited during pandemic as the only game in town. AC took a bit of wind out of their sails. Good company. Neutral performer, no near-term catalysts. If you have it, you can hold. He wouldn't add now.
TRANSPORTATION & ENVIRONMENTAL SERVICES
David Burrows
$153.690
Unknown
Guess this analyst hasn't checked out the passenger transportation any time recently and other logistical time restraints.
Passenger flights that are frequently losing bags, flights being cancelled, inconsistent timing. Companies are willing to pay to ensure certain products arrive on a timely manner.
Still have to wait and see as additional planes are brought online including more for DHL. Amazon's product department is having a cash drain and over-rented warehouses. Amazon is likely to not purchase cargo planes (unless they start supplementing cash flow from AWS Cloud).