RE:RE:TODAY'S MOVE UPWow, you have a lot more homework to do. Air Canada is one of the most cash rich airline in the world... Somewhere around $8 BILLION in the bank, with one of the youngest most fuel efficient fleets in the world. The world is starting to open back up, the vaccines work against variants and there is SO much pent up travel demand, EVERYONE wants a vacation after the past year of Hell. AC was a $54 stock prior to the pandemic, currently on sale for $26ish. Easiest money I'll ever make. I would guess an easy 20%-30% in the next 12 weeks. Even more when they announce the border reopening.
Pinogrigs wrote: You wanna talk cash burn Star, look at AC , 14 million a DAY!! No reprieve in sight as the new Covid variants are throwing an ever changing curve at travel related stocks, particular airlines.
I think you have to think long with AC so perhaps you are an investor not a trader. The UK variant is the dominant strain in Canada but it's the Indian variant that is capable of decimating travel plans .