Viewing Company Air Canada | StockChase
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Compiling comments that experts make about stocks while on public TV.

Air Canada Stock Symbol: AC-T

Last Price Recorded: $23.0400 on 2017-08-22

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Date Signal Expert Opinion Price
2017-08-22 BUY David Baskin

It has been a great stock to own the last couple of years.  He had pledged not to own any airline years ago, but fell off the wagon this year and bought Delta.  The airline industry has changed.  There are only 4 big carriers left in North America.  They charge you for everything.  The airlines have finally figured out how to make money.  They have low fuel prices.  As the middle class rebuilds its balance sheet there is more travel going on.  Travel is a lifestyle choice, spending money on it rather than on cars.


Price:
$23.040
Subject:
NORTH AMERICAN - LARGE
Bias:
OPTIMISTIC
Owned:
No
2017-08-18 DON'T BUY Norman Levine

You should never own airlines for the long term.  They are extremely cyclical industries.  They have done a wonderful job of taking costs out of their operations.  AC-T had a huge run and he does not know how long it will continue.


Price:
$22.450
Subject:
NORTH AMERICAN - LARGE
Bias:
SELECTIVE
Owned:
Unknown
2017-08-11 COMMENT David Cockfield

He’s been in business a long time and has seen a number of airlines disappear, so is very nervous about investing in them. When fuel costs are low and the economy is doing okay, airlines do well, but if things turn a little negative they are one of the first ones to suffer.


Price:
$22.110
Subject:
CANADIAN & ETF's
Bias:
CAUTIOUS
Owned:
No
2017-08-08 DON'T BUY Lyle Stein

Airlines are stocks that you want to rent, not own. They are notoriously volatile. You have seen the good side of the volatility, but the question is, what can it do to continue. What is out there that we don’t know? Everything seems to be hitting right in this company’s case, but you are working with margins that are very thin, and if anything bad happens, down it goes.


Price:
$21.930
Subject:
CANADIAN
Bias:
UNKNOWN
Owned:
No
2017-07-12 BUY on WEAKNESS Christine Poole

Not an industry she typically invests in. The stock has done quite well. If you want to enter the stock, wait for a lower price point.


Price:
$20.800
Subject:
NORTH AMERICAN - LARGE
Bias:
OPTIMISTIC
Owned:
No
2017-07-10 TOP PICK Gerard Ferguson

It is a cyclical stock.  It is benefiting from a dramatic increase in passenger traffic.  We have low fuel prices and the US dollar both benefitting them.  He thinks they will issue a surprise dividend at their investor day in September.  (Analysts’ target: $20.50).


Price:
$20.370
Subject:
CANADIAN
Bias:
SELECTIVE
Owned:
Yes
2017-06-08 WEAK BUY Benj Gallander

It is too hot for him, trading near historical highs.  He does not like buying stocks near historical highs.  It has heavy debt load.  Buffet has bought into US airlines after swearing he would never do it.  The guest prefers Air Tranasat, which he owns.  It is more interesting.


Price:
$17.970
Subject:
CONTRARIAN and VALUE INVESTING
Bias:
CONTRARIAN
Owned:
No
2017-05-29 HOLD Teal Linde

They are taking their frequent flyer program in-house.  He thinks they are due for a breather and so it is a hold.


Price:
$17.950
Subject:
NORTH AMERICAN - LARGE/MID CAPS
Bias:
SELECTIVE
Owned:
Unknown
2017-05-05 PAST TOP PICK Jerome Hass

(A Top Pick April 26/16. Up 63%.) *LONG* (Pairs trade with a Short on Air Transat (TRZ-T). This trade is driven more by the Short side than the Long side. He would continue with this position.


Price:
$13.940
Subject:
CANADIAN MID-CAPS & LONG/SHORT STRATEGIES
Bias:
UNKNOWN
Owned:
Yes
2017-03-09 COMMENT Teal Linde

This has moved up a lot since last fall. There were 2 things to consider. Last year was their largest year for CapX with $3 billion. That is now going to come down meaning their cash flow is going to increase and they are going to start paying down debt, allowing the valuation level to move on to a higher level to their peers. It is still trading at 5X this year’s earnings and 4X next year’s, much lower than the US peer group. It had a big jump since last fall, so maybe it’s due for a breather.


Price:
$13.210
Subject:
NORTH AMERICAN - LARGE/MID CAPS
Bias:
UNKNOWN
Owned:
Unknown
2017-03-08 COMMENT Paul Harris, CFA

Doesn’t own airlines, because he always felt it was a difficult sector. Too many variables that can hurt the stock. This has done well over the last little while, better than in the past. If he were going to look at an airline, it would probably be Westjet (WJA-T), because Calgary and oil are slowly getting better. These are hard stocks to own, and he would suggest you use them as a trade, rather than a hold for the long-term.


Price:
$13.100
Subject:
GLOBAL
Bias:
UNKNOWN
Owned:
No
2017-02-24 COMMENT Andrey Omelchak

The airline industry is not a great place to put money to work for a longer-term. However, the market structure for the airline industry in Canada has changed for the good of solid operators, and this airline is definitely one of them. Operationally they’ve delivered tremendous results over the last several years. Thinks there will be more upside as it continues to deliver solid results along with an organic growth rate. Current multiples are really depressed. If it continues as it has, he can see this at $17-$18.


Price:
$13.360
Subject:
CANADIAN & HEDGING
Bias:
UNKNOWN
Owned:
Unknown
2017-02-13 COMMENT John Zechner

They have their pilots and the tail end crew under contract for years to come, and it doesn’t look like there is going to be any fuel shocks. He keeps waiting for them to stumble, but they don’t. Management has done a fantastic job in turning the company around, and getting so much more efficient; the operations, fleet management, etc. On a valuation basis, it is only trading at about 5X earnings and 3X Enterprise Value to EBITDA. If it could show a little more consistency in earnings growth going forward, it could probably have a higher multiple attributed to it. Thinks there is still a lot of potential upside, but it is an airline stock and it is always going to be volatile.


Price:
$13.950
Subject:
NORTH AMERICAN - LARGE
Bias:
CAUTIOUS
Owned:
Yes
2017-01-20 COMMENT Don Vialoux

The seasonality for this depends upon when they are using their planes most frequently. That would be Christmas time and summertime. The chart shows this is currently in an upward trend. It has been lagging a little relative to the market during the last 2-3 weeks, but that is not unusual. If you own the stock, you may want to wait until the next period of seasonal strength, around March, for a seasonal trade right through until June.


Price:
$13.570
Subject:
TECHNICAL ANALYSIS
Bias:
BULLISH
Owned:
Unknown
2017-01-16 TOP PICK Jason Mann

It is time to recommend this one.  It has great price momentum and the valuation is cheap – 4 times PE.  It beat on a decent quarter.  The challenge has been their debt load, but it seems they can now leverage their balance sheet.  Discipline has come back into the trade.


Price:
$13.810
Subject:
NORTH AMERICAN
Bias:
UNKNOWN
Owned:
Yes
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