Chorus Aviation Inc (CHR.TO)

It is certainly under pressure. It has had a nice growth and recovery since 2014. This is pretty much how the airlines look broadly. The mojo has gone out of the airline stocks.

Overall, this is not the time to be getting into the aviation sector – fall is much better. The summer is better to be short. Technically this stock has fallen to key support and is testing the bullish breakout of 2017. He would not buy here. Yield 6.2%

It has had troubles. Fairfax Financial Holdings Ltd (FFH-T) just made a big investment on it. Balance sheet doesn’t look very well. Dividend seems safe. 6.2% dividend yield. The leasing business of aircrafts is doing very well.

It hasn't done well this year. A low-growth, low-multiple, high-dividend stock. They operate Jazz Airlines and recently lease regional planes--there's potential growth here. An overhang is whether Air Canada will cut Chorus out of its Jazz operations but that's locked into 2025. He thinks this is unlikely.

They issued stock 4 months or so ago. There is not a lot of demand for mid-cap stocks in Canada. The deal struggled even though the company was doing quite well. This put an overhang on the stock. When Air Canada reported, they said they would be using Rouge more often and CHR-T stock dropped even though they had a long term contract with Air Canada. The dividend is safe. He is looking at buying more now that it has been hit.

It has a nice yield. They needed capital when they fell. They got a loan from FFT-T. He likes the business model. They make good margins flying old BBD.B-T planes. He recently bought it in an income fund because it has such a good yield.

(A Top Pick December 29/17 Down 14%). Despite weakness in price, he continues to love the company. He thinks the new-issue supply of stock is still being absorbed in the market.

They own it. They always liked that they have been a good and steady operator. Now on top of that they shifted to airplane leasing and it is a major growth driver. He thinks you get a good stock at a good valuation and an option on this leasing business.

One of Air Canada most important partners. Very well-run business. Their number one sensitivity is the economy. Probably fully value. Dividend yield of 5.3%.

(A Top Pick Nov 23/17. Down 3%.) This is still quite healthy. The intermediate low is at $9. If it stays above $9, you should be fine. He still likes it. When the stock is going sideways after a big run up, it is in a “Trend continuation” pattern. Always think like a Buyer and like a Seller. The Seller's don't want lower prices and are sticking to the high $9, whereas Buyers are quite willing to pay way above $9, so Buyers have more urgency than Sellers, and the next move is more likely Up.

A pretty well-run company with a very strong relationship with Air Canada (AC-T). They do a lot of the regional or Northern routes that Air Canada doesn’t want to fly. It's been a good symbiotic relationship for both companies. Pays a decent dividend and they are getting into a new business of leasing.

The contract is locked in so is not a worry. They are getting into the leasing business. He likes that business a lot but it does not generate a high multiple. The business is quite cyclical. He’s waiting for a pull back and would add to it then.

They have a capacity purchase agreement with Air Canada (AC-T). Through that agreement, this company operates Jazz Airline. They also perform in the maintenance and repair business. Recently got a $20 million credit from Fairfax Int., so are expanding into regional airlines on a global basis. As the world becomes smaller, travel increases and this company is in a very good spot. Dividend yield of 5%. (Analysts' price target is $10.50.)

He doesn’t know a lot about this company. The return on capital is quite good, it’s a good business, it looks a little bit cyclical. This looks quite good, they’ve grown and seems to be improving their return on invested capital and looks pretty cheap too. Nice little dividend and looks very sustainable. Decent balance sheet. He would hold onto that; it looks great. He’s not sure about the situation with Air Canada (AC-T).

This has a capacity purchase agreement with Air Canada (AC-T). If you fly on a shorter route, it would be by Jazz which is operated by this company. A very steady and good contract for the company. They also perform maintenance, overhauls and upgrades on their own planes. Also getting into operating regional routes for emerging markets. Recently had a $200 million capital inflow from Fairfax Financial (FFH-T). As emerging markets grow, more people need to fly. Dividend yield of 4.9%. (Analysts’ price target is $10.50.)