TSE:WJA

30.99
0.00 (0.00%) 1d
0
SELL
It’s under review by the government whether the takeover will take place. You’re dealing with regulatory uncertainty right now. If you bought it before the takeover, unless you’re in tune with what will happen, he wouldn’t own the stock any longer. The price is fair.
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HOLD
Will the Onex takeover happen? Q3 earnings muted but beat the street. The deal will go through, so not much has happened to the stock (and won't sell off).
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COMMENT
The only way it goes higher is if there's a white knight out there, but he doesn't see anyone paying more than Onex. Tech analysis has nothing more to add, because the stock moved up to the offer price of the cash takeout.
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BUY
Schwartz of Onex saw that WJA was running at a deep discount. He's confident that Schwartz can obtain the same results as Air Canada. Kudos to him.
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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.

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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.
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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.
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HOLD
He's had mostly bad experiences with airline stocks over the years. WJA's recent numbers look good, and he doesn't see less travelling in North America. WJA has done some profit-protecting moves and should do okay. They've corrected with their recent numbers.
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WAIT

They are going international but competition is increasing from other countries at the same time. They have started to consolidate and are forming a base. He thinks we will consolidate for a bit yet. In November and December are good times for this airline.

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DON'T BUY

Likely would not own it right now. He doesn’t think the Canadian economy is quite as strong as what the government is saying. He expects oil prices to rise which means higher input costs. However there are better places to put your money. Nothing wrong with the company.

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DON'T BUY

In the past, he has favoured WestJet because its management is disciplined, they operated a single type of plane, they had happy non-unionized employees, and they focused on the Canadian market. But then they decided they wanted to be Air Canada. They operate several types and sizes of planes on more routes--if he had to invest in an airline now, it probably would NOT be Westjet. They were the Southwest of Canada but they have destroyed what they had, WestJet’s share price has been drifting sideways while Air Canada’s has been rising. He asserted that WestJet’s problems are all self-inflicted.

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DON'T BUY

He is more of an AC-T fan. WJA-T has been a success story also. There are mistakes you make when you get too big. They launched an ultra low carrier. Canada cannot support more than two airlines. He likes the airline industry. WJA-T's numbers have been fine.

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DON'T BUY

He is short WestJet and has been long Air Canada against it. That is still the trade he would favour. WestJet built out too much capacity. There is no compelling reason to own it. Tax loss season is coming and companies that have underperformed, like WestJet, will stay under pressure.

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WATCH

It has come down a lot. Airlines find it so difficult to make money. Their capacity and load rates are good but fuel costs eat into profits. At some point the bottom will come in. He is not sure what the turnaround story is going to be. You could look at it if you are a value investor.

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HOLD

Good entry point, dividend safe? Last quarter OK. Problem is pilot unionization. Fuel price has gone up. Stock’s gone down because hasn’t had a knockout quarter. Never owns airlines because no consistently growing cash flow. Dividend is safe.

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Westjet Airlines(WJA-T) Rating

Ranking : 1 out of 5

Bullish - Buy Signals / Votes : 0

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 0

Total Signals / Votes : 0

Stockchase rating for Westjet Airlines is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

Westjet Airlines(WJA-T) Frequently Asked Questions

What is Westjet Airlines stock symbol?

Westjet Airlines is a Canadian stock, trading under the symbol WJA-T on the Toronto Stock Exchange (WJA-CT). It is usually referred to as TSX:WJA or WJA-T

Is Westjet Airlines a buy or a sell?

In the last year, there was no coverage of Westjet Airlines published on Stockchase.

Is Westjet Airlines a good investment or a top pick?

Westjet Airlines was recommended as a Top Pick by on . Read the latest stock experts ratings for Westjet Airlines.

Why is Westjet Airlines stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.

Is Westjet Airlines worth watching?

0 stock analysts on Stockchase covered Westjet Airlines In the last year. It is a trending stock that is worth watching.

What is Westjet Airlines stock price?

On 2019-12-13, Westjet Airlines (WJA-T) stock closed at a price of $30.99.