Westjet Airlines (WJA.TO) Buy, Sell or Hold

Westjet Airlines (WJA.TO)

30.99

-0.00 (0.00%)

as of Dec 13, 2019, 9:00:00 pm Market Open.

62 watching

DON'T BUY

Doesn’t interest him. He bought into airlines after 9/11. He doesn’t know the financials that well. There is not an airline on his watch list at this point.

PAST TOP PICK

(A Top Pick Oct 22/09. Up 11.81%.) Still likes.

BUY

Hasn’t really moved. Young fleet of 91 planes with about 4.5 years average age, all 737's. Well managed. Southwest Air has bought Air Tran, which is positive for the industry as he expects much more consolidation. Fundamentally cheap.

BUY ON WEAKNESS

Airline business is very cyclical and highly leveraged. Economy is currently doing better but investors are quite concerned with sustainability of the recovery and if they can manage capacity. Expects economy to continue doing better and Canadians flying more.

TOP PICK

Fundamentally cheap. Sitting on cash and cash equivalents of $1.1 billion. 91 planes of 1 set of aircraft making it easier to run. Good management. Will benefit from a strong Cdn$. 29% of its costs are fuel, which is quite low now.

BUY

Perhaps the youngest airline fleet in North America at 4.5 years. Operate one aircraft, 737 making it easier to maintain. Likes the new management. If they can make money now in the worst times, what is going to happen when things improve? Thinks they're set up for the next cycle.

DON'T BUY

Has pretty good earnings going forward but in the long run nobody makes money from airline companies.

TOP PICK

Fundamentals are not great so wouldn't buy from that point of view but chart is good. Stock took a drop when they raised some money this fall. Chart is showing a triangle pattern and if it breaks out, it should go to $15 at least. Sell if it drops below $10.90.

TOP PICK

You will have to be patient. They are the best operator in Canada. Equity deal significantly improved their balance sheet and they will continue to steal market share from their biggest competitor.

DON'T BUY

Wouldn’t own it. Would prefer other airlines.

BUY

Airline business has been very difficult however this company stands out on a global basis in terms of its profitability. Well run. Has about 37% of the Canadian market currently and is going up. Long-term growth plans are excellent.

DON'T BUY

The whole airline carrier business is of no interest to him. Enjoys traveling with this company. Probably the best in its class. Can't imagine any airline that makes money.

PAST TOP PICK

(A Top Pick July 22/08. Down 31.32%.) Had looked at this as an anti-oil trade. Expected $140 oil to pull back, which would improve margins.

HOLD

Well managed. Good balance sheet. Relatively low cost. Oil prices have gone up and will continue to do so and this is the challenge. Because of the economy, traffic will be down.

BUY

If things are not as bad as we think and the energy sector has cooled down somewhat, this might not be a bad bet. It's a contrarian bet but sometimes the best thing to do is to be in places early where most people don't want to be.

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Westjet Airlines (WJA.TO)