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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 Soundsoftranceon Jan 29, 2014 9:45am
255 Views
Post# 22146731

RE:7.09 bid

RE:7.09 bidAnalysts have spooked investors.  Parabolic up can also mean parabolic down.  The Canadian dollar is weighing on the stock but what's going on is far more than just that.  You will see it being volatile until the earnings report on Feb 12.  We will get guidance from AC and not some analyst spewing that the world will end because the penny move in a downward direction.  Are there impacts due to the CAD falling, 100% yes.  Should it cause a mass panick like the world is about to end, NOT EVEN CLOSE.

I'm a long bull on this stock, I expect to see volatility but this is being over sold.  I still hold firm to my belief that this stock has great growth in the short and long term.  Despite the extremely short term (literally 4 day) drop of approx 25% value, those who can weather out the crazy selling will be rewarded over time.  Again, it really depends on your style and appetite for risk, only you know what  works best for you.

Good luck!
Bullboard Posts