RE:Is border reopening priced in?
In the past 6 month period (04-01-21 to 04-06-21) Chorus stock has moved from $3.61 to $4.85, a gain of approximately 34%. Personally, I took a position in Chorus back in November of 2020, so I now have a decent gain of just over 50%.
It's important to note that CHR is still trading well below last years high of $8.40 around mid-January. So, Chorus is still trading at a significant discount to that price.
As we all know, many (if not all) of the airlines and aviation sector have been pretty well grounded for over a year now because of Covid-19. With the onset of the vaccine rollout, I feel we are just around the corner to getting back to "normal".
People, especially those who are vaccinated, are beginning to feel more apt to travel and this will give the airlines more clarity about air travel demand. This, in turn, should bode well for Chorus, and should translate into a better financial performance going forward.
In my opinion, Chorus is still a pretty good buy at Friday's closing price of $4.85. I think it is an attractive investment and should get back to that $8+ high in the next 12-16 months.
So, the potential for a sizable gain is still available... I'll continue to hold.