RE:RE:RE:Chorus Aviation Announce 4th Quarter and 2020 YE ResultsTommy123 wrote: HermannHaller wrote: Thanks for posting. Breathing a big sigh of relief. Three highlights in my opinion:
- EBITDA relatively stable due to nature of AC contract (I knew this but it's nice to have it reiterated)
- Liquidity of over $200 million, expected to be stable through until the end of 2021 (very important new news!)
- Acquisition talks off (no surprise), but discussing possible investment (sounds interesting)
Too bad the acquisition talks are over. That certainly won't be good for the share price tomorrow, considering the premium that was built in.
Acquisition was never going to happen under $5-6, so the current stock price doesn't really reflect that.
Also, Chorus is in a good situation compared to peers. They are stable right now due to their AC deal, AC will stay afloat either by itself or with the government's help which makes the AC deal stronger and Chorus will get the upside whenever regional air traffic picks up around the globe with their leasing business. Eventually, the stock will get back to the $7-8 range and will reinstate a dividend.