RE:Guys relax (part2)fdfd12 wrote: This board has lost it.
We have a BIGGER problem here guys.
If this market tanks, CXR is going to $25 again.
No one cares for $6.50US earnings.
When the market drops another 2000 points, NO ONE cares for earnings.
This will drop .
Ross Healy was on Market Call yesterday and he said
AC (Air Canada) is trading at 2X this year's earnings.
I did some research and YES that is what it is.
Stockcoach, you mentioned the other day that you can't see CXR going to 2.5X earnings.
Well how about 2X like AC.
Here it is.
Consensus EPS Estimates Trend
| | Qtr (12/15) | Qtr (03/16) | FY (12/15) | FY (12/16) |
| Current Estimate | 0.39 | 0.49 | 4.13 | 3.65 |
| 7 Days Ago | 0.39 | 0.49 | 4.13 | 3.65 |
| 30 Days Ago | 0.41 | 0.30 | 4.15 | 3.57 |
| 60 Days Ago | 0.46 | 0.30 | 4.12 | 3.57 |
| 90 Days Ago | 0.56 | 0.33 | 3.89 | 3.46 |
AC is 2X and oil prices are ROCK BOTTOM.
Tell me, what is a better buy, AC or CXR.
I think I am scaring myself.
Fd why don't you just sell and get back in when it hits $25.00 again. Then you don't need to be scared, or scare any of us anymore. Comparing CXR to AC is beyond any possibility. AC has declared bancrupcy and restructured numerous times because it is dependant on :
ticket price
fuel cost
landing fees
passenger loads
cargo
labour costs
aircraft leases
just to name a few.
On the other hand CXR depends on people getting old and sick to sell life and quality of life drugs to.
Unless you're ok with airline restructuring and bancrupcy, I'll pick CXR every time.