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Chorus Aviation Inc T.CHR

Alternate Symbol(s):  T.CHR.DB.A | T.CHR.DB.B | T.CHR.DB.C | CHRRF

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, aircraft leasing, 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 two segments: Regional Aviation Services and Regional Aircraft Leasing. Its subsidiaries include Falko Regional Aircraft, a pure play regional aircraft asset manager and lessor, and managing investments on behalf of third-party fund investors; Jazz Aviation, a regional airline in Canada and provider of regional air services under the Air Canada Express brand; Voyageur Aviation, 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 Aug 15, 2014 10:23am
611 Views
Post# 22845923

Canaccord - now with a $2.75 target???

Canaccord - now with a $2.75 target???The most negative analyst on this stock just raised his target to $2.75.  Six months ago it was at $1.50.  If he just gives it a few more rethinks, I am sure he can get it over $5.
To help him, let me provide a couple of hints:
  • CHR is not winding up in 2020.  Do you know how much flying they do for AC?  Ask AC and they will explain how CHR is an important partner.  Renegotiate for sure, but shut down is ridiculous.
  • CHR has been buying back shares aggressively.  Management is also in “productive” talks with AC.  Do you remember last year when CHR was buying back shares at the low, and then won the arb battle?  These guys are not idiots.
RBC and TD both have Buy ratings on CHR, and believe, very reasonably, that CHR and AC will meet in the middle somewhere on a new CPA.  And when that happens, and the uncertainty is removed, I think this stock will go a lot higher.

Bullboard Posts