Opinions
Keith Richards
Westjet Airlines
WJA-T
WATCH
Dec 30, 2016
$23.040
Stock price when the opinion was issued
Transportation
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DON'T BUY
Considering the Boeing 737 crash. They came out with good numbers and guidance in the last quarter after a few bad quarters. Their suspension of the 737s is not a huge thing, but rather a nuance. He doesn't like airline stocks and prefers Air Canada that he just sold. This is not a bad entry point. Be careful: have a buy and sell price.
Transportation
PARTIAL SELL
There is some market risk in the overall market. It is an all cash deal. You will get $31 for it. There is a 4% difference between market and the deal. If you can do better than 4% somewhere else with a similar degree of risk, then you should sell. He would take some money off the table.
Transportation
COMMENT
A really interest deal with Onex. He has been a long term fan for years. His first professional 10 bagger. He is not convinced Onex over paid -- they probably saw this as a great time -- comparable to US peers. He thinks the regulators will approve the deal.
Transportation
The chart shows the downtrend has been broken, and the stock is starting to base. It is fairly progressive with some of the lows getting a little higher. He likes the look of the chart, but would want to see it break out. He likes transports in general for the next few months from a seasonal point of view.