Westjet Airlines

WJA-T

TSE:WJA

30.48
0.04 (0.13%)
WestJet Airlines Ltd. is a Canadian low-cost airline founded in 1996. It began as a low-cost alternative to the country's competing major airlines.
More at Wikipedia

Analysis and Opinions about WJA-T

Signal
Opinion
Expert
COMMENT
COMMENT
November 10, 2016

(Market Call Minute.) A pretty interesting company with the dynamics lately with Albertans and its economy. Feels airline stocks are too cyclical for his type of investors. If he were going to own one, this is definitely one he would look at.

Westjet Airlines (WJA-T)
November 10, 2016

(Market Call Minute.) A pretty interesting company with the dynamics lately with Albertans and its economy. Feels airline stocks are too cyclical for his type of investors. If he were going to own one, this is definitely one he would look at.

Ryan Bushell
President, Newhaven Asset Management
Price
$20.770
Owned
No
PAST TOP PICK
PAST TOP PICK
October 4, 2016

(A Top Pick Nov 24/15. Down 7.28%.) Short. (A pairs trade with a Long on Allegiant Travel (ALGT-Q).)

Westjet Airlines (WJA-T)
October 4, 2016

(A Top Pick Nov 24/15. Down 7.28%.) Short. (A pairs trade with a Long on Allegiant Travel (ALGT-Q).)

Jerome Hass
Portfolio Manager, Lightwater Partners
Price
$22.230
Owned
Yes
BUY
BUY
September 8, 2016

He really likes it. He sees a 16% return on capital. It looks relatively cheap.

Westjet Airlines (WJA-T)
September 8, 2016

He really likes it. He sees a 16% return on capital. It looks relatively cheap.

Matt Kacur
President, FSA Financial Science and Art
Price
$24.070
Owned
Unknown
BUY WEAKNESS
BUY WEAKNESS
August 23, 2016

In general, he is fairly constructive on airlines. Energy prices are coming down and interest rates are at low levels. With this airline, you are getting a lot of noise of what is happening in Alberta, which has been a hurdle for them. As cycles go, this one offers a good product. The environment is right and the economy is right, so overall that growth should continue. You could wait and buy it opportunistically on bad headline news.

Westjet Airlines (WJA-T)
August 23, 2016

In general, he is fairly constructive on airlines. Energy prices are coming down and interest rates are at low levels. With this airline, you are getting a lot of noise of what is happening in Alberta, which has been a hurdle for them. As cycles go, this one offers a good product. The environment is right and the economy is right, so overall that growth should continue. You could wait and buy it opportunistically on bad headline news.

Zachary Curry
Chief Operating Officer & Portfolio Manager, Davis-Rea Ltd.
Price
$24.530
Owned
Unknown
HOLD
HOLD
July 4, 2016

(Market Call Minute) They don’t meet his ROE criteria. There are better alternatives.

(Market Call Minute) They don’t meet his ROE criteria. There are better alternatives.

Jason Del Vicario
Portfolio Manager, HollisWealth
Price
$21.200
Owned
Unknown
TOP PICK
TOP PICK
June 3, 2016

This has a cloud with the Alberta weakness, which is the opportunity. It has gotten too cheap based on that. Trading at 3.7X EBITDA, 9X PE and recently beat. Pristine balance sheet. This has really one of the best margins and ROI in the business. Dividend yield of 2.47%.

This has a cloud with the Alberta weakness, which is the opportunity. It has gotten too cheap based on that. Trading at 3.7X EBITDA, 9X PE and recently beat. Pristine balance sheet. This has really one of the best margins and ROI in the business. Dividend yield of 2.47%.

Jason Mann
CIO & Co-Founder, Edgehill Patners
Price
$23.070
Owned
Yes
PAST TOP PICK
PAST TOP PICK
April 26, 2016

(A Top Pick April 22/15. Up.) Short (and Long Allegiant Travel Company.) This Pair trade was really driven on the short side by WestJet because of a lot of headwinds they face with Alberta. The weaker loonie makes it tougher for them to buy jet fuel. Thinks the outlook for 2016 is not that bright.

(A Top Pick April 22/15. Up.) Short (and Long Allegiant Travel Company.) This Pair trade was really driven on the short side by WestJet because of a lot of headwinds they face with Alberta. The weaker loonie makes it tougher for them to buy jet fuel. Thinks the outlook for 2016 is not that bright.

Jerome Hass
Portfolio Manager, Lightwater Partners
Price
$21.350
Owned
Yes
COMMENT
COMMENT
April 12, 2016

This airline faces 3 challenges in the near future. 1.) They have to deal with allegations of sexual misconduct. 2.) They are facing a union challenge. 3.) They have a new low cost competitor. Low fuel prices have been a tremendous boon to airlines, and this airline, along with Air Canada (AC-T) have been very good at managing their load factors. He has taken a vow of not owning any airline stocks.

This airline faces 3 challenges in the near future. 1.) They have to deal with allegations of sexual misconduct. 2.) They are facing a union challenge. 3.) They have a new low cost competitor. Low fuel prices have been a tremendous boon to airlines, and this airline, along with Air Canada (AC-T) have been very good at managing their load factors. He has taken a vow of not owning any airline stocks.

David Baskin
President, Baskin Wealth Management
Price
$20.830
Owned
No
COMMENT
COMMENT
April 8, 2016

(Market Call Minute.) With low energy prices and increased tourism, this is one that can do well.

(Market Call Minute.) With low energy prices and increased tourism, this is one that can do well.

Brendan Caldwell
President, Caldwell Securities
Price
$20.490
Owned
No
COMMENT
COMMENT
March 14, 2016

WJA-T vs. AAL-Q. On AAL-Q, the industry has consolidated so the airlines have pricing power. 10 years ago all these airlines were losing money. There are ultra low cost carriers coming in and undercutting the others and there is a bit of a price war going on. This is not happening in Canada. He would stay out of the US. WJA-T is safer than AC-T.

WJA-T vs. AAL-Q. On AAL-Q, the industry has consolidated so the airlines have pricing power. 10 years ago all these airlines were losing money. There are ultra low cost carriers coming in and undercutting the others and there is a bit of a price war going on. This is not happening in Canada. He would stay out of the US. WJA-T is safer than AC-T.

Teal Linde
Portfolio Manager & Publisher, Linde Equity Report, Linde Equity Report
Price
$19.450
Owned
Unknown
DON'T BUY
DON'T BUY
February 25, 2016

Their hub is the Calgary, Edmonton, Vancouver routes. Obviously with the recession in Calgary, she doesn’t think the company can do well. Have reduced the number of flights in Alberta and moved them to eastern parts of Canada. They are doing whatever they can, but the reality is that there is only so much they can do.

Westjet Airlines (WJA-T)
February 25, 2016

Their hub is the Calgary, Edmonton, Vancouver routes. Obviously with the recession in Calgary, she doesn’t think the company can do well. Have reduced the number of flights in Alberta and moved them to eastern parts of Canada. They are doing whatever they can, but the reality is that there is only so much they can do.

Veronika Hirsch
Chief Investment Officer, Arrow Capital
Price
$16.190
Owned
No
COMMENT
COMMENT
February 9, 2016

Doesn’t own any airline stocks as it is very cyclical. You couldn’t ask for a better management team or a better quality company, if you’ve got a long-term time horizon. However, there are recession risks in Canada and concerns about capacity and pricing. A lot of those things are being reflected in the valuation. If oil prices go up and economic fundamentals stabilize, there should be some firmness and pricing which should prop up the stock and the valuation. This is a good entry point. Dividend yield of 3.6%.

Westjet Airlines (WJA-T)
February 9, 2016

Doesn’t own any airline stocks as it is very cyclical. You couldn’t ask for a better management team or a better quality company, if you’ve got a long-term time horizon. However, there are recession risks in Canada and concerns about capacity and pricing. A lot of those things are being reflected in the valuation. If oil prices go up and economic fundamentals stabilize, there should be some firmness and pricing which should prop up the stock and the valuation. This is a good entry point. Dividend yield of 3.6%.

Andy Nasr
VP & Investment Strategist, Sentry Investments
Price
$15.490
Owned
No
DON'T BUY
DON'T BUY
February 2, 2016

On a chart going back to 2012, there was a pretty nice upward trend line, and that broke down in early 2015, and pretty aggressively. Since then there have been multiple breaks of support. There was a level of support at around $24 that was tested recently, but it broke. At this point it took out another low from the summer. You are possibly going to find a bounce here, but he would want to see it bounce off the $16.50-$17 level and hold before he got involved.

Westjet Airlines (WJA-T)
February 2, 2016

On a chart going back to 2012, there was a pretty nice upward trend line, and that broke down in early 2015, and pretty aggressively. Since then there have been multiple breaks of support. There was a level of support at around $24 that was tested recently, but it broke. At this point it took out another low from the summer. You are possibly going to find a bounce here, but he would want to see it bounce off the $16.50-$17 level and hold before he got involved.

Keith Richards
Portfolio Manager, ValueTrend Wealth Management
Price
$16.630
Owned
Unknown
HOLD
HOLD
January 28, 2016

Don’t buy more right now because the industry has come under pressure. He prefers AC-T with less exposure to western Canada. It comes down to your view of what is happening in Western Canada.

Westjet Airlines (WJA-T)
January 28, 2016

Don’t buy more right now because the industry has come under pressure. He prefers AC-T with less exposure to western Canada. It comes down to your view of what is happening in Western Canada.

Colin Stewart
CEO & Portfolio manager, JC Clark Investments Ltd.
Price
$19.350
Owned
Unknown
SELL
SELL
January 13, 2016

From a Relative Strength technical standpoint, it doesn’t look very healthy. Feels a lot of that has to do with the Canadian economy and that they are out west with the majority of their business. At this point in the cycle, you probably don’t want to own this.

Westjet Airlines (WJA-T)
January 13, 2016

From a Relative Strength technical standpoint, it doesn’t look very healthy. Feels a lot of that has to do with the Canadian economy and that they are out west with the majority of their business. At this point in the cycle, you probably don’t want to own this.

Bruce Campbell (2)
President & Portfolio Manager, Stone Castle Investment Management Inc.
Price
$18.440
Owned
No
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