Post by
thinkyourmoney on Dec 19, 2024 10:55am
Morning thoughts
You have to love the short traders. They have driven the share price down $4 per share. That means the share buyback is costing (500,000 shares X $4 per share ) = $2,000,000 less per day. That's a significant savings. As long as this keeps up, it would be reasonable that AC would just keep buying back shares.
Also it was noted that AC will be moving all 41 737 MAX aircraft to turn ROUGE into a single airplane type airline. The flaw here is that there are still 12 more 737 MAX aircraft to be delivered. To me that makes a very significant entry back into the low cost market. I am sure this was already dealt with in the pilots recently negotiated contract.