RE:This year's Capital destroyer award goes to Very reactionary view point.
the shareprice dropped:
because of a price war in Quebec lowering ARPU, (caused by quebecor pandering)
because some hedges wanted to short Canada and used the Canadian telcos as a proxy, (evidence the 3:1 short ratio between nyse and tsx)
because the fed needs interest rates up to offset the BRICS, gold and Bitcoin pressures, (neither of the others offers that income)
because the economy was running hot and we needed layoffs, ( Comments from Tiff about the pain the rates are meant to cause better than the pain of inflation)
Management has done what they can to restructure the org and take on the hard calls of layoffs and pissing off both unions and government in the process. Refocused away from all eggs in Canada basket to build on growth. Sold a popular but non ebitda generating beloved sports organization. Non of those moves are popular moves but as a shareholder running the numbers these are the moves that started to bring my money back to the company.
your points were true when the fat valuation was at $70 a share now they are simply 18 months late.
was Air Canada really only worth 15 bucks a month ago or 24 bucks now. Shareprice is not value it's sentiment...