RE:RE:RE:RE:RE:RE:RE:Buy, Hold, or Sell?I think traders are selling off before what is probably going to be a brutal q1 earnings, trying to play the swings, I'm assuming that's what Tommy is doing (it's a zero sum game someone's gotta lose for another to win)
Long term picture still remains intact. I think the biggest 2 potential upsides for Chorus is what the bought deal funds will be mainly used for, and the 19x Dash 8-300s
Depending on how much those 25x E175 jets cost them because that will eat into the financing they raised . I have a feeling they got a realy good deal on those jets because Express Jet, one of the largest CPA providers in US declared bankruptcy last year I believe and they were flying mainly Embraer jets, I think they had to dump them on the market lowering the value of Embraer jets at least for now.
If they didn't require much of the 115 million in financing, it can be used for other growth related potential developments, maybe the financing plus the 19x Dash 8-300s could combine to become a regional freight service provider? or possibly a regional CPA provider in USA express jet dissapeared, so maybe there's room for expansion there when regional recovers in US probably later this year.
I've recently seen some people's financial analysis on CHR RAS segment, the CPA specifically by itself is worth roughly $3.53 / unit valued via the discounted cash flow method after accounting for the debt. There's definitely a lot of value at this price level with the entire RAL + MRO from RAS and voyageur valued only at 60 cents per unit. Definitely very undervalued.