RE:RE:Bad News : Air Canada (TSX:AC) Stock That isn't bad news ... it is exactly as most of us are expecting . But having said that ... AC's share price will be a lot higher by next Summer just on the news that people all over the world will be getting vaccinated. This is the way the market works ... it looks into the future for a few years down the road.
Anyone that wants in and doesn't own any shares right now can wait and buy next Summer in the $30's or $40's . Their choice. There are always the "rookies " whom cannot see past the end of their nose and end up " chasing " after the fact .
And Canada would never let Air Canada go under ... and would bail them out with whatever was required if it ever came to that ... as it did years ago .... so you never have to worry about that !!!
I have been buying since the low $20's ... and will continue to add a few more occasionally because we all know that whether it is next year or the year after .... AC's share price is headed right back up into the $50's ... and therefore why everyone is buying here and moving the share price higher almost every day !!!
GLTA.
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Absolutely true the $ 50 / share at the end of the year 2021.
I think that 2022 the price will be between $ 65 @ $ 75 with the purchase of Air Transat.
Air Canada is going to make a lot of money, it will cut expenses, cut Air Transat employees and maximize profit as much as possible.
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