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Air Canada T.AC

Alternate Symbol(s):  ACDVF

Industrials Airlines
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

Air Canada
Bullboard Posts
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(104)
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Post by islandbrookon May 18, 2017 11:25am
213 Views
Post# 26259695

Issuer Bid

Issuer BidAC's issuer bid expires on May 29 ,2017 wth approximately !6.0 million shares not purchased.Ac can re-instate the share buy-backwith a cost of16.0shares at assume $16-50 for a total cost of $264 million.A urther buy-back would be mildly ullish news for next week. 
Faing to do so  would be even more bullish. Theamount of $264 million happens to equal $0.975 ashare which cold be used to pay a $1.00 dividend
 At $16.50  AC sells at at  only 3.6 times TD,s 2018 estimate of earnings and yields 6.1%on a potential $1.00 dividend

A double from here would only put it at 7.2 times earnings and a 3.05%  yield. Doable and reasonable from here.
Bullboard Posts
Dealroom for high-potential pre-IPO opportunities