Chorus Aviation Inc T.CHR.DB.B

Doors about to blow off

[flamingogold]

Not referring to Boeing either.... CHR stock slowly creeping up. But, a blow off top is imminent on news of the RAL official deal closing. Anchor away... finally.

[maplak]

It looks like the doors are closing again on the way to $ 3.15. lol 

[flamingogold]

I'm not trading this so irrelevant  This move today is a good opportunity for sideline money.

[nedstar71]

Presuming the drop was related to Spirit Airlines bankruptcy filing.

[flamingogold]

If it was then too bad for those that sold. Spirit and Chorus do not relate. If Chorus were to go under then flying within Canada would be an instant problem. The US has airlines that will pick up the slack from Spirit, on the other hand Canada cannot afford for a feeder airline like Chorus to go under.

[MDawg65]

not sure why spirit is entering the conversation. Spirit is a discount Airline in the US Chorus doesn't operate an airline. it leases out its planes to Air Canada, though it seems to have sold off its newly acquied division. Chorus is profitable. has been for a while, spirit not so much, Chorus should be trading a hihger prices, imo, and used to pay a dividend, but since covid this stock has

[flamingogold]

"big concern would be if Air canada doesn't renew its agreement." I have been in and out of this stock even before the last agreement was ratified. Back then "tough as nails" Calin Rovinescu tried to bully Chorus too. If Air Canada thinks they can cover their routes without Chorus let them try. They can't. Chorus needs AC as much as AC needs Chorus. A deal will happen.

[nedstar71]

Sentiment.  I'd put that Spirit announcement as the reason this dropped yesterday without question.  The market isn't always rational, and has a tendancy to try to connect dots that may not be there.