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Chorus Aviation Inc T.CHR

Alternate Symbol(s):  CHRRF | T.CHR.DB.B | T.CHR.DB.C | 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, 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 Regional Aviation Services segment. The Company offers contracted flying services within North America and also provides medical, logistical and humanitarian flight operations to Canadian and international customers. Its subsidiaries include Jazz Aviation LP, a regional airline in Canada and provider of regional air services under the Air Canada Express brand; Voyageur Aviation Corp., 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

Bullboard Posts
Post by Zosimaon Feb 20, 2013 7:31pm
271 Views
Post# 21019436

tomorrow

tomorrow

So what will the market do with these results?  It looks like Q4 came in a little better than expected.  However, they have indicated another delay in resolving the benchmarking arbitration.  The next hearing is in the first week of April, while they had previously stated it should all be resolved in Q1.  So maybe a delay of a month.  To take advantage of any weakness in the stock price, they announced a NCIB, which would allow a buyback of up to 11 million shares (and they have well over $100 million in cash on hand to afford it).

Overall, I think the stock could sag briefly as yet another delay frustrates investors.  Then again, the yield is still at 13.9%, so you would think that means some bad news is already priced in???  I would buy on a dip over the next few days before the NCIB becomes active on Feb 28.

Bullboard Posts