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Air Canada T.AC

Alternate Symbol(s):  ACDVF

Air Canada is an airline company. The Company is a provider of scheduled passenger services in the Canadian market, the Canada-United States (U.S.) transborder market and the international market to and from Canada. It provides scheduled service directly to more than 180 airports in Canada, the United States and internationally on six continents. The Company’s Aeroplan program is Canada's premier travel loyalty program, where members can earn or redeem points on the airline partner network of 45 airlines, plus through a range of merchandise, hotel and car rental rewards. Its freight division, Air Canada Cargo, provides air freight lift and connectivity to hundreds of destinations across six continents using its passenger and freighter aircraft. Its Air Canada Vacations is a tour operator, which is engaged in developing, marketing, and distributing vacation travel packages in the outbound/inbound leisure travel market. Air Canada Rouge is Air Canada's leisure carrier.


TSX:AC - Post by User

Bullboard Posts
Comment by yaleMBAon Mar 28, 2010 1:05pm
366 Views
Post# 16932842

RE: Tapping out

RE: Tapping outhey 66, I had to take profit it was up there.  In long run I am still bullish on Air canada so dont take my post as a shot at A.C.  I think there are turning around.  There is a company in the states called Jackson hewitt tax services ticker symbol JTX NYSE (it is tax season).  It looks pretty beaten up, much like AC was.  They are in debt of 300 million (goodwill) and have no long term debt as of now, just common shares.  I think now is a good time to enter into a good trade, where JTX is sitting at the low 2.s  I am going to buy some tomorrow.   Alot of negativity surrouonding the company and management..much like AC.B.  Alot of people ticked at JTX, so dont expect any posters in support of the outfit.  Its a risky play so if you have some tolerance or some play money I would think about it.  My target is in the 3's somewhere short term, maybe 4 to 5 long term (1yr) but I am being speculative...it could be a penny stock.  Its american so the trading is a little different from what us canadians are used to! Do your DD and do it good!!!! Good luck!

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