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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 Goldenringon May 12, 2013 9:58pm
310 Views
Post# 21383365

Over Reaction

Over Reaction

As someone has already pointed out, I think the market has over reacted, yes they cut their dividend but it was yielding too high to begin with, anything yielding above 15 % is just not sustainable in the first palce on a long term basis.  Even though they cut in in half its still at this price yielding above 10 %,   I can't say this off the yop of my head but I bet there are very few stocks out there that people could find that yield over 10%.  Plus as pointed out already their contract is good untill at least 2020.

I look for this to rebound up to 3.40-3,75  in the short term !

Bullboard Posts