Air Canada | StockChase
269
Air Canada (AC-T)

Last Price Recorded: $24.9800 on 2017-11-20

ON STOCKCHASE SINCE Mar 2007

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Air Canada


Signal Opinion Expert

2017-11-16

SELL ON STRENGTH
Air Canada (AC-T)

He was in for a while and it did quite well but if oil goes up it will be hit.  He would take profits.

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Fabrice Taylor

Publisher, The President's Club Newsletter

Price: $24.040
Owned: No

2017-11-08

COMMENT
Air Canada (AC-T)

Just reported earnings, which is what started the decline in the stock price, although thinks it had more to do with sentiment and what happened with the actual numbers. He is watching earnings numbers and trends and what happens with them. They basically met their numbers, but after the company reported, the consensus and expectations were so high they ended up disappointing. As the numbers keep getting revised up, expectations get higher and higher. Eventually they hit the numbers, but can't make everyone happy, so the stock price started to sell off. He sold his holdings just before the numbers came out, because it started to break down technically. It probably goes through a period of sideways before the next leg higher, providing earnings are higher.

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Bruce Campbell (2)

President & Portfolio Manager, Stone Castle Investment Management Inc.

Price: $23.850
Owned: No

2017-11-07

COMMENT
Air Canada (AC-T)

This has done an incredible job. It used to be a perennial dog, but has been a fantastic performer. There are a couple of notes of caution. The higher energy prices are not positive for them. Westjet (WJA-T) is broadening their offering, which is not great. There is a new airline which will offer more competition. A very capital-intensive business. If she had her way, she would talk them out of paying a dividend.

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Veronika Hirsch

Chief Investment Officer, Arrow Capital

Price: $24.090
Owned: Unknown

2017-10-26

PAST TOP PICK
Air Canada (AC-T)

(A Past Top Pick Oct 25/16, Up 105.33%)  It has transitioned to a free cash flow story as they reduced debt.  You have to expect continued good news at these price levels.

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Colin Stewart

CEO & Portfolio manager, JC Clark Investments Ltd.

Price: $27.200
Owned: Yes

2017-10-23

DON'T BUY
Air Canada (AC-T)

The Q3 earnings call is this Wednesday.  He suspects the results will be good.  The only caveat is that we are supposed to get another discount airline in next year and this might have an impact on margins.  He would not chase the stock and he does not own any airlines.

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Rick Stuchberry

Portfolio Manager, Richardson GMP

Price: $26.340
Owned: No

2017-10-23

DON'T BUY
Air Canada (AC-T)

Has never owned an airline. This one is certainly in the sweet spot. They’ve come out with all kinds of ancillary airlines, with no unions. Everything is perfect for them with an improving economy. These are deeply cyclical companies. The time to buy this was when they were losing money and the stock was a lot lower. Now they look like a really good company, but in fact they are just a cyclical airline.

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Lorne Steinberg

President & Portfolio Manager, Lorne Steinberg Wealth Management Inc

Price: $26.340
Owned: No

2017-10-20

PARTIAL SELL
Air Canada (AC-T)

Has done very well, but is overbought on the chart. If you own, sell half or a 3rd, which will improve your average cost and you will be much better protected.

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William Chin

Portfolio manager, Caldwell Investment Management

Price: $26.200
Owned: No

2017-10-12

BUY
Air Canada (AC-T)

It just continues to exceed expectations here.  It looks like the airlines globally are continuing to accelerate their revenue.  They figured out a few years ago how to charge for bags and make a tonne of money out of that.  They took some capacity out of the service and planes are fuller.  They are benefiting from the growing economy and they service global destinations.  He would not expect the same rate of increase as in the past year.  When airlines top out they will have a big pullback. 

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Bruce Campbell (2)

President & Portfolio Manager, Stone Castle Investment Management Inc.

Price: $27.760
Owned: Unknown

2017-10-05

COMMENT
Air Canada (AC-T)

2 years ago, the CEO said he was going to build up Rouge to compete at the lower end and Sunbelt as destination markets. Also was going to try to get some US traffic to use Air Canada. There were a lot of sceptics, and the stock didn’t do well for about 6 months, but it is proving out now. The model is working. It is currently hitting a 52-week high and thinks it is going to go higher.

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Fabrice Taylor

Publisher, The President's Club Newsletter

Price: $26.730
Owned: Unknown

2017-10-04

WEAK BUY
Air Canada (AC-T)

Plugged his nose and bought this a year or 2 ago, because he has Short positions in the airline sector so is using Air Canada for hedging purposes. It had a phenomenal run this year. He would be cautious about adding to it. It should trade closer to its American peers, and is trading at a discount, so he does see some upside.

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Jerome Hass

Portfolio Manager, Lightwater Partners

Price: $26.050
Owned: Yes

2017-09-29

PARTIAL SELL
Air Canada (AC-T)

Sell? If you’ve got a profit from an airline, it is never wrong to lock some of it in. There are so many things that an airline can’t control, such as the number of people flying, the price they pay, jet fuel prices, etc. At least, take your original cost out.

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Gavin Graham

Trustee, Pointbreak ETFs

Price: $26.240
Owned: Unknown

2017-09-14

HOLD
Air Canada (AC-T)

Has done phenomenally well over the last 1.5 years. We are starting to see real efficiencies in the business. This airline has an investor day coming up next week, and most analysts are expecting they are going to have some type of announcement about some innovative business they are going to do. The stock is reasonably valued, and technically it is very strong. He is continuing to hold this.

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Bruce Campbell (2)

President & Portfolio Manager, Stone Castle Investment Management Inc.

Price: $23.810
Owned: Yes

2017-09-13

SELL
Air Canada (AC-T)

Hurricanes cause a disruption of services, but it is going to be temporary. You have to look at the bigger picture. Airlines appear to be facing more and more competition. Has always been wary of airline stocks as you are dealing with extremely expensive aircraft and largely unionized employees and a very competitive environment for price setting. Airlines have had a good run over the last while, and if he owned any, he would be taking profits.

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Michael Sprung

President, Sprung Investment Management

Price: $23.590
Owned: No

2017-09-08

COMMENT
Air Canada (AC-T)

The stronger Cdn$ means operational costs are less expensive. He has a real bias against airlines, simply because he has seen so many fade away. Considers them a little too risky for the portfolios he manages. Not sure what all this crazy weather is going to do. He is also a believer that energy costs are probably at a bottom here and will be edging their way up over the next year or so.

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David Cockfield

Managing Director, Northland Wealth Management

Price: $22.080
Owned: No

2017-09-01

HOLD
Air Canada (AC-T)

Buy, Sell or Hold? There is kind of a question mark to the stock. First of all, based on current earnings forecasts, there is a huge upside potential still ahead. The industry is as cyclical as the dickens when you get very high valuations on a Price to Book basis. This one is trading at about 3X its BV. The long-term peak on the stock has been 2X. Historically this tends to be dragged down again to its typical level. The issue with Air Canada is that their balance sheet is okay, but it isn’t fantastic. When they have got an extraordinarily high P/B ratio, they should be raising all the equity they can possibly get. They should build up their fortress and get ready. If you own, have a Stop/Loss of about $20.

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Ross Healy

Chairman, Strategic Analysis Corp

Price: $23.240
Owned: Unknown

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