RE:The Rouge 10 forecastsActually it isn't a knock on his analysis, but a knock on the Street for trading AC at batshit insane undervaluation. AC's operational results have been great, but the Street now trades it at 3.5x adjusted earnings, and 2.3x FCF. That is absolutely nuts valuation, and essentially a reverse bubble.
SeaandSnow wrote: How Rouge 10 performs ?:
May 8, 2020: AC stock can double in near future (next 12 months), not sure I can say that about many others.
Aug 31, 2020 : Put it all together, you are looking at sp of $100+. Yes bears yes, high debt etc.... But what matters is the higher Free Cash Flow. Who cares about debt with all that can be paid of with 3 years of FCF
Jan 19, 2021 : I agree that in 2022 (2nd half) it will be $60 stock and in 2023 (2nd half) to 2014 (ist half) AC will be triple digit stock. I see stock buy backs and debt reduction in 2022 (2nd half) to 2023 timeframe. A delay of 2-3 years from 2021.
Oct 07, 2021 : Air Canada is on its way to be $100+ stock price in next 3-4 years.
3 years later: 17$
A used cars salesman.