Chorus Aviation Inc

CHR-T

TSE:CHR

2.89
0.03 (1.03%)
Chorus Aviation is a Canadian holding company which has controlled regional and charter airline operator Jazz Aviation LP from 31 December 2010. These services normally operate under the brand names Air Canada Express and Jazz Charters.
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Analysis and Opinions about CHR-T

Signal
Opinion
Expert
BUY
BUY
May 1, 2019
A safe dividend. Their legacy business is steady from Air Canada which sustains the dividend. 18 months ago, they moved into a growth area: leasing aircraft and are doing very well here with a big profit margin. The airline business continues to grow. They will likely raise the dividend.
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A safe dividend. Their legacy business is steady from Air Canada which sustains the dividend. 18 months ago, they moved into a growth area: leasing aircraft and are doing very well here with a big profit margin. The airline business continues to grow. They will likely raise the dividend.
DON'T BUY
DON'T BUY
April 30, 2019

He's looked at this stock and likes the look of it technically. However, this has a decent neckline at $8 which has been tested, but failed to rise above that. It needs to break $8 before he buys it.

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He's looked at this stock and likes the look of it technically. However, this has a decent neckline at $8 which has been tested, but failed to rise above that. It needs to break $8 before he buys it.

TOP PICK
TOP PICK
April 29, 2019
A safe company late in the cycle. There was a lot of fear that Air Canada would walk away from Chorus like they nearly did with Aimia. Instead, AC extended their contract to 2035 and invested $100 million into CHR's aircraft leasing business. It makes no sense that this stock is trading lower than before as its company fundamentals have improved dramatically since then. Yield is 6.5%. Only a 55% payout ratio. (Analysts’ price target is $9.36)
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A safe company late in the cycle. There was a lot of fear that Air Canada would walk away from Chorus like they nearly did with Aimia. Instead, AC extended their contract to 2035 and invested $100 million into CHR's aircraft leasing business. It makes no sense that this stock is trading lower than before as its company fundamentals have improved dramatically since then. Yield is 6.5%. Only a 55% payout ratio. (Analysts’ price target is $9.36)
TOP PICK
TOP PICK
April 24, 2019
This is his boring pick. It operates some of the Express features for Air Canada. Fee based fixed type of contract where the jet fuel variations are pass through. Good yield of 6.61%. Well liked on the Street. Estimated P/E is 10.5 (Analysts’ price target is $9.36)
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This is his boring pick. It operates some of the Express features for Air Canada. Fee based fixed type of contract where the jet fuel variations are pass through. Good yield of 6.61%. Well liked on the Street. Estimated P/E is 10.5 (Analysts’ price target is $9.36)
COMMENT
COMMENT
March 13, 2019
Doesn't know this well. It pays a safe, decent yield. It ran up recently. One question is renewing their Air Canada deal later and renewals make investors jittery.
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Doesn't know this well. It pays a safe, decent yield. It ran up recently. One question is renewing their Air Canada deal later and renewals make investors jittery.
PAST TOP PICK
PAST TOP PICK
March 6, 2019
(A Top Pick Oct 23/18, Up 13%) Likes their dividend. They extended their CPA agreement with Air Canada to 2035 which gives them a lot of stable free cash flow. They put this cash into buying airplanes and leasing them at attracive rates.
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(A Top Pick Oct 23/18, Up 13%) Likes their dividend. They extended their CPA agreement with Air Canada to 2035 which gives them a lot of stable free cash flow. They put this cash into buying airplanes and leasing them at attracive rates.
BUY
BUY
March 1, 2019
He owns this name. They just went through the resigning capacity with Air Canada. They now have a long term arrangement with Air Canada. However they sacrificed some of their earnings for this long term arrangement. The dividend payout is safe. He likes this name. Air Canada took and equity interest in Chorus.
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He owns this name. They just went through the resigning capacity with Air Canada. They now have a long term arrangement with Air Canada. However they sacrificed some of their earnings for this long term arrangement. The dividend payout is safe. He likes this name. Air Canada took and equity interest in Chorus.
BUY
BUY
February 26, 2019
A secure dividend. They recently re-negotiated their deal with Air Canada, extending it from 2025 to 2035, and took slightly lower priceing to achieve that extension. The street liked this deal which has put a floor on this stock. CHR has a division that leases aircraft which will generate cash flow though it carries a little more risk than the AC deal.
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Chorus Aviation Inc (CHR-T)
February 26, 2019
A secure dividend. They recently re-negotiated their deal with Air Canada, extending it from 2025 to 2035, and took slightly lower priceing to achieve that extension. The street liked this deal which has put a floor on this stock. CHR has a division that leases aircraft which will generate cash flow though it carries a little more risk than the AC deal.
COMMENT
COMMENT
February 22, 2019
A nice uptrend since 2014-7, then troughed last December. In mid-2018 it stayed at levels as the same as today--this could mean shareholders selling around $8 so they breakeven. He's neutral on this.
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Chorus Aviation Inc (CHR-T)
February 22, 2019
A nice uptrend since 2014-7, then troughed last December. In mid-2018 it stayed at levels as the same as today--this could mean shareholders selling around $8 so they breakeven. He's neutral on this.
TOP PICK
TOP PICK
February 14, 2019
It is a pass through operator, running Jazz airlines for Air Canada. AC-T has a habit of cancelling contracts. The risk of this is now none as they have extended their deal out to 2035. The pilot agreements are secured out to then also. They have good return on operations and have a good return on equity. They have a good leasing business. (Analysts’ price target is $9.43)
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Chorus Aviation Inc (CHR-T)
February 14, 2019
It is a pass through operator, running Jazz airlines for Air Canada. AC-T has a habit of cancelling contracts. The risk of this is now none as they have extended their deal out to 2035. The pilot agreements are secured out to then also. They have good return on operations and have a good return on equity. They have a good leasing business. (Analysts’ price target is $9.43)
BUY
BUY
February 11, 2019
The margins were cut by the new agreement with Air Canada. He owns it in his dividend fund.
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Chorus Aviation Inc (CHR-T)
February 11, 2019
The margins were cut by the new agreement with Air Canada. He owns it in his dividend fund.
BUY
BUY
February 8, 2019
Coincided with the upstick at year's end. October to May sees an uptick in cyclicals like this. It has enjoyed lower lows and lower highs, but has risen above its 200-day moving average which is good--it has gapped higher. We're outside seasonal strength but it's starting to look encouraging.
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Coincided with the upstick at year's end. October to May sees an uptick in cyclicals like this. It has enjoyed lower lows and lower highs, but has risen above its 200-day moving average which is good--it has gapped higher. We're outside seasonal strength but it's starting to look encouraging.
HOLD
HOLD
January 30, 2019
They operated the Air Canada connector flights, receiving a block of hours each year. Recently, they have expanded into aircraft leasing, joining forces with Fairfax. He thinks this will become the growth side of the business. The stock price has fallen and he saw that as a good buy opportunity. He likes the dividend yield.
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They operated the Air Canada connector flights, receiving a block of hours each year. Recently, they have expanded into aircraft leasing, joining forces with Fairfax. He thinks this will become the growth side of the business. The stock price has fallen and he saw that as a good buy opportunity. He likes the dividend yield.
BUY
BUY
January 17, 2019
He had an issue with their agreement with Air Canada being renegotiated but this time it was more beneficial to Chorus. He thinks it will do well.
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He had an issue with their agreement with Air Canada being renegotiated but this time it was more beneficial to Chorus. He thinks it will do well.
DON'T BUY
DON'T BUY
January 16, 2019
A significant set of revisions resulting in earnings declining by 5% in 2019. Most recent earnings were down 12%. It trades at 8.5 times PE, but is not free cash flow positive. He would look elsewhere. (Analysts’ price target is $9.39)
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A significant set of revisions resulting in earnings declining by 5% in 2019. Most recent earnings were down 12%. It trades at 8.5 times PE, but is not free cash flow positive. He would look elsewhere. (Analysts’ price target is $9.39)
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