Cargojet Inc T.CJT

Down 25% on earnings

[netprofiteer2]

Numbers  were better than RBC expected yet stock is getting killed in an up market. What am I missing here? Volume is light.

[TimeScape]

Down because of the statement in the earnings release that they are expecting B2B ecommerce to return to pre pandemic levels.

[YoungH1isback]

I don't own any shares in this company, however this selloff seems well over done considering the earnings results. Although the CEO would know better than I would, I can't see their volumes going back to pre-pandemic levels. Even with more cargo belly space in passenger flights, I would think that for the next couple of years Cargojet would see increased volumes in their business along

[retiredcf]

While revenue was a bit better than expected, I think the loss surprised the market although I tend to agree that the selloff is overdone. That said, I'm waiting for the reaction from RBC who currently have the most optimistic target of $315. 00. GLTA

[Pachuko]

Amazon is building its own hub to compete with UPS and Fedex and Air Canada is opening a door to door cargo business in Canada like UPS and Fedex and they have the destination airports to make it work. On top of that a decline in revenue due to retail opening up again. Also CEO sold off 46% of his position this year. All of this does not spell big upside and created a perfect storm. $315 is

[YoungH1isback]

Thanks Pachuco and retiredcf for your responses. You both have some good points. I saw there was a huge amount of short interest in the beginning of January which may have come down a lot. The huge amount of insider selling is a big red flag for me and the net losses have me steering clear for now. The valuation seems very high and this looks like one of those stocks that could have another big

[Zoltar4kingrite]

i like the growth story here and bot today at 172...i hope to see 200+ over next couple of quarters...the train is leaving the station....hop aboard....

[netprofiteer2]

The RBC analyst who I know personally, has reiterated his buy recommendation and calls this sell off an excellent buying opportunity. In his view it won't last. I added today. Target price is C$315.

[Pachuko]

The RBC analyst you know personally is working for a company who probably bought a big chunk of the 45% holdings the CEO let go this year. exactly what do you think they are going to say. Also using recent sales revenue to predict future revenue and not taking into account the impacting items (Amazon starting their own cargo outfit, AC starting door to door cargo and pandemic level cargo levels