Air Canada T.AC

Continuing to increase my position.

[Nordico]

Just added more calls for the 5th time; such a ridiculous valuation. Will hit pay dirt when this gets forced to mid-20s in summer/fall.

[Tempo1]

If I'am right, your average acquisition price is low. Around 18$, the pull back risk is minimal and your hoped return is high.  Nice moves.

[Nordico]

You got it. And yeah with such an extremely low valuation multiple (to forward and trailing EBITDA, EBIT, Revs, adjusted net income, etc.) the risk/reward is highly skewed to reward potential, so i'm comfortable with a sizeable bet. 

[Contrarian333]

Still a sketchy industry though subject to all kinds of exogenous shocks. I'm currently long but have made more money over the years shorting AC than I have in buying it................

[DrInvestor]

UAL was up 2% today. AC used to track UAL very closely. This pattern should resume very soon in my view. T Following the positive outlook from Jefferies, United Airlines (NASDAQ:UAL) also presents several compelling metrics that may interest investors. With a market capitalization of $16.65 billion and a remarkably low P/E ratio of 4.82 based on the last twelve months as of Q1 2024, the airline

[DrInvestor]

Look at the chart from Oct to Dec 2020...stock went from $15 to $27 in no time. This may happen again imo.

[Contrarian333]

"a consensus view" - always a dangerous thing...... ....the old adage about buying airline stocks was to buy them when their PE was high or non existent and sell them when it was low - lets hope this is no longer the case...........

[Rob8043]

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