Bullboard - Stock Discussion Forum Cargojet Inc T.CJT

Alternate Symbol(s): CGJTF | T.CJT.DB.E | T.CJT.DB.F

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Cargojet Inc. is a Canada-based company, which is a provider of time-sensitive premium air cargo services to all major cities across North America. The Company also provides dedicated aircraft to customers on an aircraft, crew, maintenance, and insurance (ACMI) basis, operating between points in Canada, the United States of America, Mexico, South America, Europe, and Asia. The Company operates... see more

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TSX:CJT - Post Discussion

Cargojet Inc > Time To Buy?

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Post by retiredcf on Dec 05, 2021 8:21am

Time To Buy?

CJT - Demand is up but labor & fuel inflation is causing costs to go up as well. Today it's approaching a 16 month low at $164. Is this a good pick with on-line/Amazon shopping volume continuing to show signs of increasing or do you have a better alternative?

We believe that the demand for freight remains positive at CJT. Revenue growth and EPS estimates remain positive with roughly 11% growth expected in sales next year and 15% growth in EPS. Its P/E multiples have come down over the last few years and its forward sales multiple is at levels last seen in Q4 2019. We prefer TFII due to its better earnings history, although we believe this would be a decent entry point for CJT.

So said 5iResearch. GLTA

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