If Metrics were Fair......then this stock should soar! Every other airline has a forward P/E that is almost double Air Canada's. I know we're in socialist Canada and you never know when you're going to get a strike, but the US shouldn't be that much different. I've bought in here (actually at $14.15) and I am holding! If the market doesn't recognize the value of this stock, hopefully management will do the needful (ie. step in and offer a dividend or buy back some shares). Anyhow, I can't see much downside risk in this stock (barring the aforementioned strike or similar). With their newly introduced routes, this should give them more air-time (ha ha pardon the pun). Also, Warren B. buying airlines now, should help put a spotlight on A/C. Let's see...