RE:RE:We are good Amazing, not a single mention of covid, omicron and variants... remember it was covid that was going to keep everyone from ever flying again. Looks like that's not panning out for you. And then it was the restrictions... remember the Libs were never going to lift them until 2025 lol. Already gone. Didn't pan out for you either. Now, it's recession, high oil, inflation. Recession is mostly baked in. At this price level, Brookfield's deal sits higher and anyone buying has always walked away with a gain... ALWAYS.
Tommy123 wrote: What do you think will happen to travel spending if a recession hits? We'll see under $2 in 2023. Definitely not $4+ or whatever pumpers are claiming on this board. The only people who are going to make money is Brookfield with their sweetheart deal, and their high guaranteed return before any common shareholders can see a dividend. The market still isn't really pricing in a receesion.
Also, the warrants in the Brookfield deal were issued at $4.60 a share, which at the time became effectively the price ceiling before big dilution occurs. That price made sense before high, non-transitory inflation, high oil/gas prices, high interest rates, almost certain recession, etc. Now, there's no way we see $4 a share for many years, if ever. I still don't know why Chorus screwed over common shareholders with that deal to make Brookfield money.