AC slip in second placeOn this AC board, I wrote this jan 24, 2021, highligthing the similarities BBD and the AC 2012 situation :
Since three weeks I put these dollars (speculative dollars) in Bombardier, another highly speculative stock. It share many similarities with the Air Canada 2012 situation. A depressed share, a good management (new), an almost bankruptcy share price, a strong niche. ..........So, the sentiment on the share is changing from ‘’almost bankrupt’’ to ‘’ in recovery’’. Like AC in 2012.
So good risk\reward equation are not usual and I invest all my ‘’speculative dollar’’ in Bombardier for a huge return.''......
Bombardier is now my more profitable investment to date, exceeding the AC profits I made from 2012 to 2019. AC is still my best performer in % and given my wealth at the time it was a real game changer. But in $, it is now BBD.
Back to AC, At 18$ Air Canada is really cheap, all headwinds being compute in the SP, it is only a matter of time to harvest some return. The surges killing (like the one we had at Q1 results) can’t last indefinitely.