Opinions
Paul Harris, CFA
Westjet Airlines
WJA-T
COMMENT
Mar 08, 2017
$21.870
Stock price when the opinion was issued
Transportation
It's the ideal tool to help you make quicker, more informed decisions for
managing and tracking your investments.
You might be interested:
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
Doesn’t own airlines, because he always felt it was a difficult sector. Too many variables that can hurt the stock. This has been hurt because of Alberta. If he were going to look at an airline, it would probably be this one, because you are seeing Calgary and oil slowly getting better. These are hard stocks to own, and would suggest using them as a trade, rather than a hold for the long-term.