Post by
JackWabbit on Oct 14, 2021 11:06pm
AC will reward those with patience...
Air Canada stock is trading a massive discount compared to its pre-COVID levels, making it an attractive investment, but strictly for long-term investors. While it could continue to struggle in the short term, strong liquidity, strength in the domestic business, momentum in cargo revenues, and cost savings bode well for future growth. Moreover, the easing of travel restrictions and reopening of international borders will significantly boost its financials and accelerate its recovery.
Comment by
Returns2021 on Oct 14, 2021 11:41pm
Bagholder trying to give himself hope. This is a terrible environment for airliners. Worst investment someone could make. Oil will reach $100. AC is racking up huge debt and will be unprofitable for a long time. The shares will only lose value and the next earnings could take it below $20
Comment by
givemeabreak1 on Oct 15, 2021 12:01am
Jack Wabbit You say it is trading at a mass discount compared to pre-covid levels that is not the case. Take the average 2019 Share Price then subtract losses since the beginning of 2020 multiply by shares out at the time divided by current shares out! It works out it is trading in a tight range to pre covid indicating that it is fully valued for recovery!