CVE:ACE.H

Ace Aviation Hldg Inc. (ACE.H.V)

0.16
-0.01 (3.03%)
as of Mar 12, 2024, 2:21:40 pm Market Open.
2 watching
0
WATCH
B Shares. Reviewing an opportunity into this stock.
WEAK BUY
B Shares. Have done a tremendous job since coming of bankruptcy. A very cyclical company.
PAST TOP PICK
(A Top Pick Sept 29/05. Up 4%.) "B" Shares. It's in an environment of high oil prices, so it's a difficult play. Adding all the pieces up, the stock should be somewhere in the $50's.
TOP PICK
"B" Shares. Has reconstituted itself since the bankruptcy. The costs are lower and they are better operators than what they were before. They continue to have strategies to spin off more assets.
COMMENT
"B" Shares. Planes seem to be full and analysts have some pretty heady estimates for next year which he believes.
DON'T BUY
"B" Shares. Had a big run from it issue price, but recently has had some problems. Technical trend is on the downside. Higher energy cost is effecting the price.
TOP PICK
(A Top Pick June 14/05. Down 36.05%.) "B" Shares. Been down because of oil prices. If you broke up the parts the sum of them would be at least $50/55 a share. Thinks he can make money with it.
TOP PICK
"B" Shares. Looking at the valuation of the Aeroplan Income Fund (AER.UN-T) and it adds up to something in the $60/65 neighbourhood, the stock has been trading in the high $30's. The parts add up to well over $50 and this is trading at under $40.
TOP PICK
"A" Shares. Right now, this airline stock looks compelling. The airline business is recovering. People are travelling again, the economy's good. Even though the oil prices are high, they are able to pass on a lot of costs. Aeroplan is worth $2.3 billion to them.
DON'T BUY
"B" Shares. The aviation industry total over time has lost money. There is still a problem with contractable unions. Not a fan.
TOP PICK
"B" Shares. A short term Buy. Buying for the low hanging fruit. Thinks there will be tremendous cash generation in the next 2 years with their restructuring, monetizing of the Aeroplan, repairing the overhaul division, etc. Could easily go $50/60.
DON'T BUY
"A" Shares. Understands the Aeroplan Trust is flying out the window. Many times oversubscribed and it's going to be a terrific opening on that trust and Ace has retained a significant ownership. Long term, nobody has made any money on the airline industry.
TOP PICK
"B" Shares. It's on a roll. Virtually monopolizes Canadian international traffic. Load factor is up to about 85% now.
DON'T BUY
"A" Shares. If they are successful in spinning of their Aeroplan into a trust, the stock will react positively. Be cautious. A lot of stocks have risen on speculation of a trust and it doesn't happened the stock comes right back down. Prefers voting stocks versus restricted voting stocks.
TOP PICK
"B" Shares. This is a pick for convertible debentures NOT the equity. There's a lot of good things that can happen to this company and they want to be able to participate. In 5 years he has the right to put the debenture back and get his $100 back. A way to play a risky sector with a cushion underneath and getting paid 4% to wait.
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