Chorus Aviation Inc T.CHR

Rampant Fear

[Arbutus22]

CHR is priced as if aviation is never coming back. Bombardier reported rebound in private jet demand, same with Textron and Gulfstream Aerospace:

“We continued to see signs of a strong recovery in the general aviation market, with a 49 per cent increase in revenues over last year’s third quarter and a US$721 million increase in backlog,” said Textron Chief Executive Scott Donnelly in a release."

https://financialpost.com/transportation/airlines/bombardier-narrows-loss-as-business-jet-demand-rebounds

For commercial airlines, Delta CEO: "travelers should be prepared for initial long lines when the United States lifts international travel restrictions for fully vaccinated travelers on Nov. 8."

https://www.reuters.com/business/aerospace-defense/airlines-brace-early-long-lines-when-us-lifts-travel-restrictions-2021-10-26/

[pjn0987654321]

Some of it may be tax loss selling.  The people that bought the issue at $4.60 for example.  

[Bookworm28]

You're 100% correct. I've been thinking of dumping my shares to offset some gains. The only thing stopping me, is I'd like to own it for when it does come back, and the 30 day wait so the loss isn't deemed a superficial loss (in canada). The price is getting so pathetic, I might have to cave however.

[WaynerBob10]

I doubled my position the sold half a few days later.  I got to bank a sizeable loss to offset gains and maintained my position.  This has to go back up. 

[Tommy123]

This post has been removed in accordance with Community Policy

[flamingogold]

Private jet business (disclaimner... I own BBD) and US rules are not the metric to use for Chorus' valuation. We need PCR test requirements to enter Canada to be dropped. This is an impediment to travel because an airline flying back into Canada will not let you board if you test positive with a PCR test and then you are stranded in your destination. That is the jist of the rule. I had two

[Takafuji]

US airports are really busy, Canada airports not as busy as us airports. I just came back from a trip to San Diego, SAN was packed, and YVR was very very not busy compared to precovid. Flew on Air Canada Express direct flight as mentioned previously. Economy section of the plane was packed, Business was half full. However in terms of overall demand I believe aggregate demand wasn't robust