RE:Chorus Aviation Trading at Compelling Levels, CIBC Says " Saving private Ryan" ?? Very puzzling company since covid. Promoting, excusing themselves backed by a bunch of analysts. Do they have a big position in it? A few things I agree as I stated before. Chorus is no longer airline company. Lucrative $ 400 million /10 year deal with Air Canada is gone. That is almost 40 million a year for doing " nothing " enough to pay out dividends. Now it is leasing / planes maintaining / parts selling company totally new business model and it looks like the management together with today's economic situation is not helping . Stock is getting cheaper PE 6 , before last earnings it was 26. Question is are they growing business? Where are they getting money from to buy back shares? All they make since covid 9-11 cents per quarter. I sold all my shares around $ 3 . If I ever come back to buy some I would like to know how their competitors are doing. I have a feeling not that great . So I will stick with my dividend portfolio waiting for my dividends and as I wait I hydrate.
Cheers