RE:RE:RE:Disconnect?flamingogold wrote: Lack of clarity on future plans... that's exactly what I was trying to point out in my post earlier. Yes, we all know the goal is to make Aeroplan a multi-airline rewards program... but they have yet to provide any progress on that yet. Until then, shorts have longs by the balls. I am in favour of an AC buyout, management shuffle, or multi-airline program... any of those works for me... just give us something to hang our hats on please.
TopMJplays wrote: You raise a very good point. I think it's to unknowns that spooked shareholders. Once there's some clarity on future plans - as in more concrete partners, there's no way the shares trade at this type of discount to NAV. This is one of those longer term value plays - wait and see. There's money there, there's cash flow there, there's uncertainty at the moment. Once that clears up, this will pop and turn upwards.
Contrarian plays like these ones are often great value because of the ambiguity. If there was a clear set path it wouldn't be such a great bargain. Like you siad though... there are so many directions it can go and the risk of a bankrupcy is so small that this make a easy decision to buy.