This board has lost it.
We have a BIGGER problem here guys.
If this market tanks, CXR is going to $25 again.
No one cares for $6.50US earnings.
When the market drops another 2000 points, NO ONE cares for earnings.
This will drop .
Ross Healy was on Market Call yesterday and he said
AC (Air Canada) is trading at 2X this year's earnings.
I did some research and YES that is what it is.
Stockcoach, you mentioned the other day that you can't see CXR going to 2.5X earnings.
Well how about 2X like AC.
Here it is.
Consensus EPS Estimates Trend
| | Qtr (12/15) | Qtr (03/16) | FY (12/15) | FY (12/16) |
| Current Estimate | 0.39 | 0.49 | 4.13 | 3.65 |
| 7 Days Ago | 0.39 | 0.49 | 4.13 | 3.65 |
| 30 Days Ago | 0.41 | 0.30 | 4.15 | 3.57 |
| 60 Days Ago | 0.46 | 0.30 | 4.12 | 3.57 |
| 90 Days Ago | 0.56 | 0.33 | 3.89 | 3.46 |
AC is 2X and oil prices are ROCK BOTTOM.
Tell me, what is a better buy, AC or CXR.
I think I am scaring myself.