Air Canada T.AC

Alternate Symbol(s): ACDVF

Industrials Airlines

Air Canada is an airline company. The Company is a provider of scheduled passenger services in the Canadian market, the Canada-United States (U.S.) transborder market and the international market to and from Canada. It provides scheduled service directly to more than 180 airports in Canada, the United States and internationally on six continents. The Company’s Aeroplan program is Canada's premier travel loyalty program, where members can earn or redeem points on the airline partner network of 45 airlines, plus through a range of merchandise, hotel and car rental rewards. Its freight division, Air Canada Cargo, provides air freight lift and connectivity to hundreds of destinations across six continents using its passenger and freighter aircraft. Its Air Canada Vacations is a tour operator, which is engaged in developing, marketing, and distributing vacation travel packages in the outbound/inbound leisure travel market. Air Canada Rouge is Air Canada's leisure carrier.

TSX:AC - Post by User

Air Canada

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Post by thinkyourmoneyon Nov 05, 2024 12:32pm

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Post# 36297234

Morningside

In August Morningside Fair Value estimate for AC was $13.
In Nov 1 their fair value estimate was $17.20.
Yesterday morning their Fair value estimate was $21.54.
Current price is $22.14.
I have questioned their AC valuations in my mind for a long time. I now feel justified in that Morningside is showing itself to be nothing more than a bandwagon follower.
AC shares were already grossly undervalued. With the share buyback AC will reduce the share float by 10% which increases share value by more than that percentage.
Proper analysis of the numbers show the value is much higher even when there are less than 320 million shares out. The market should see and set that valuation.

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