RE:Not a 3x BaggerYour ego is way too big to have all those and this poster on ignore. Why would you even post this if you haven't been reading all those posts.
Pathetic and self infatuated
Good luck though. I hope ac goes to a five bagger. I will get back in when there is even the slightest evidence of that. Right now you are just not looking at the real potential for a consistent and continued drop in this and the opportunity to take profit. That is something you left out of your long winded investment lesson that is extremely important. Knowing when to take profit. A savy investor knows that you haven't made a penny until you take profit! When this was 50 and you didn't sell you took losses. Buying more at a low simply lowers your average but still does not give you profit.
OnTheBalance wrote: In 2024-2025 time line, more like a 5X bagger. Even with covid dilution, and covid cash burn (this, soon coming to an end). And honestly AC needs no pumping. All of the trading bears and trolls have been around through every phase of AC's transformation phase beginning 2009-2010. They come, and go. It won't change anything. In 2012, the investing risk was EXTREME. Total loss of all invested capital was a real possibility, as management and strategy was unproven. And most turnarounds don't work out. Through discipline and incredible new stategic initiatives, AC has become a different kind of business. Investors who carefully follow the MD&A's quarter after quarter have a pretty good handle on how AC has been transformed. And how it's management team works. They are aggressive, but fiscally conservative/defensive. Covid/Black Swan was a severe hit. The old AC would not have survived that hit. However, with its new capital structures, incredible operations flexibility, new cash flow streams (AEROPLAN 2.0), permanent structural cost cutting, AC has done a remarkable job of preparing itself to resume turning up the cash flow machine over the next few years. For those who yap about risk, I have a personal message. Compared to the investing risk in 2012, investing in AC, even with covid not completely done is significantly less. Long term investors invest in a business with a strategy that works, and one with exceptional., proven management. For posters who are so bearish, GREAT, GO OUT AND PLACE YOUR SHORTS BET. Bahahahaahahahaha. I'll stay long, and am damned glad that I made a substantial add in March 2020, and will keep adding a few more shares, here and there over the next few years, as I will to my other long positions. That's what LT investing is about. It's not about lifetime capital gains, and minimizing taxes paid out over a lifetime. If you are a professional trader, naturally the goals are very different. But for investors who already have a career, the goal is to turn part of the income into part ownership of several great businesses in different industries, and defer capital gains realization to another phase of their life, when their career income goes down, so the marginal tax situation is improved. If the constant trading of shares is working for you, that's great. In my case, I did it for the first 5 years of my investing life, and though it was exciting, the results were less than stellar. For past 26 years, the patient approach has paid of nicely, and I did not start with the help of trust funds or inheritances, but have converted career income into shares of some great global businesses. Whatever you do, have a written plan, a written policy. "Winning The Loser's Game" by Charles D. Ellis, written a while back, is a slim book, but most helpful for those interested in building a resilient portfolio. GLTA.
Btw, I have all the new posters just posting junk on Ignore, so if they post meaningless posts against my posts, let them know they are talking to themselves. Bahahahahaahahaha