Air Canada

AC-T

TSE:AC

24.35
0.60 (2.40%)
Air Canada is the flag carrier and largest airline of Canada. The airline, founded in 1937, provides scheduled and charter air transport for passengers and cargo to 182 destinations worldwide.
More at Wikipedia

Analysis and Opinions about AC-T

Signal
Opinion
Expert
Chart
DON'T BUY
DON'T BUY
January 4, 2021
He is cautious on the space. It will take time to figure out the long term impacts of the pandemic. It is going to take time to get back to where it once was. The question is whether business travel will ever get back to where it once was.
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Air Canada (AC-T)
January 4, 2021
He is cautious on the space. It will take time to figure out the long term impacts of the pandemic. It is going to take time to get back to where it once was. The question is whether business travel will ever get back to where it once was.
Colin Stewart
Price
$22.030
Owned
No
BUY
BUY
December 29, 2020
Post-Covid outlook He's been getting optimistic about this and picked up a few shares in the mid-teens. The capital they raised this year helped them get through the pandemic, though they continue to bleed money. Tourist travel will return with vaccines, but not business travel permanently. He expects AC to shift more into freight. This will survive. Strong managers.
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Air Canada (AC-T)
December 29, 2020
Post-Covid outlook He's been getting optimistic about this and picked up a few shares in the mid-teens. The capital they raised this year helped them get through the pandemic, though they continue to bleed money. Tourist travel will return with vaccines, but not business travel permanently. He expects AC to shift more into freight. This will survive. Strong managers.
John Zechner
Price
$23.030
Owned
Yes
DON'T BUY
DON'T BUY
December 7, 2020
He is not bullish on them. A lot of the airline companies will need to be diluted. They are tradable as we reopen. In terms of cargo, he can't comment on how much he thinks they would be able to take market share.
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Air Canada (AC-T)
December 7, 2020
He is not bullish on them. A lot of the airline companies will need to be diluted. They are tradable as we reopen. In terms of cargo, he can't comment on how much he thinks they would be able to take market share.
DON'T BUY
DON'T BUY
December 4, 2020
Caution is still required for airlines. They are very cyclical and highly capital intensive and unionized. They can be a great place to invest in short periods of time, but he would not invest in it right now. It has run-up in anticipation of being able to fly again. At current prices, he cannot justify its valuation.
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Air Canada (AC-T)
December 4, 2020
Caution is still required for airlines. They are very cyclical and highly capital intensive and unionized. They can be a great place to invest in short periods of time, but he would not invest in it right now. It has run-up in anticipation of being able to fly again. At current prices, he cannot justify its valuation.
Michael Sprung
Price
$27.820
Owned
No
PAST TOP PICK
PAST TOP PICK
December 3, 2020
(A Top Pick Nov 20/19, Down 45%) Trade the market you're in, not the one you'd like to have. He got stopped out. Not that it's not a great company. If you're patient, you could be a buyer today. A lot remains to be seen. Long-term moving averages are flattening.
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Air Canada (AC-T)
December 3, 2020
(A Top Pick Nov 20/19, Down 45%) Trade the market you're in, not the one you'd like to have. He got stopped out. Not that it's not a great company. If you're patient, you could be a buyer today. A lot remains to be seen. Long-term moving averages are flattening.
David Burrows
Price
$27.230
Owned
No
HOLD
HOLD
November 30, 2020

Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. Cash flow is negative but they currently have $7.7B in cash versus $6B in net debt. Debt maturities are well spread out. Overall, it is still a net positive and creditors know the company is worth more than just an operating entity. Unlock Premium - Try 5i Free

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Air Canada (AC-T)
November 30, 2020

Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. Cash flow is negative but they currently have $7.7B in cash versus $6B in net debt. Debt maturities are well spread out. Overall, it is still a net positive and creditors know the company is worth more than just an operating entity. Unlock Premium - Try 5i Free

HOLD
HOLD
November 19, 2020
It was one of his top picks back in June. You are seeing the crawl up due to positive vaccine news. It has been relatively sideways this year. If you are patient, things will normalize. If you wait 6-12 months out, the stock will move higher. There is liquidity in the books so they will be fine.
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Air Canada (AC-T)
November 19, 2020
It was one of his top picks back in June. You are seeing the crawl up due to positive vaccine news. It has been relatively sideways this year. If you are patient, things will normalize. If you wait 6-12 months out, the stock will move higher. There is liquidity in the books so they will be fine.
Stan Wong
Price
$21.600
Owned
Unknown
DON'T BUY
DON'T BUY
November 5, 2020
Not tempted. Lots of balance sheet debt and operating debt. Don't really make any money unless they have a 75% load factor, and travel is down. High airport rents. No bailouts in sight. Respected CEO is retiring.
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Air Canada (AC-T)
November 5, 2020
Not tempted. Lots of balance sheet debt and operating debt. Don't really make any money unless they have a 75% load factor, and travel is down. High airport rents. No bailouts in sight. Respected CEO is retiring.
Brian Madden
Price
$15.220
Owned
No
BUY
BUY
October 21, 2020
Need to be patient over next year or so. Lots of cash on hand, so they'll survive. Highly cyclical. Starting to inch its way up. Once we start to see normalcy in travel, could do very well. Small position only in this, and depends on your risk tolerance and time horizon.
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Air Canada (AC-T)
October 21, 2020
Need to be patient over next year or so. Lots of cash on hand, so they'll survive. Highly cyclical. Starting to inch its way up. Once we start to see normalcy in travel, could do very well. Small position only in this, and depends on your risk tolerance and time horizon.
Stan Wong
Price
$15.910
Owned
Yes
SELL
SELL
October 15, 2020
Challenged. If you're tempted to buy, slap your hand and don't do it. Things can get worse before they get better. Their balance sheet has helped them through. Can't call a bottom on it yet. Sell, and wait to see what happens on the other side.
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Air Canada (AC-T)
October 15, 2020
Challenged. If you're tempted to buy, slap your hand and don't do it. Things can get worse before they get better. Their balance sheet has helped them through. Can't call a bottom on it yet. Sell, and wait to see what happens on the other side.
James Telfser
Price
$15.760
Owned
No
DON'T BUY
DON'T BUY
October 8, 2020
In your TFSA, you could buy a high flyer, but you could really get it wrong. Better to dial expectations down a bit. If you're going to buy a stock with balance sheet trouble, you probably want it in a non-registered account so you can use the losses. For the risk/reward, he wouldn't buy airlines here at all.
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Air Canada (AC-T)
October 8, 2020
In your TFSA, you could buy a high flyer, but you could really get it wrong. Better to dial expectations down a bit. If you're going to buy a stock with balance sheet trouble, you probably want it in a non-registered account so you can use the losses. For the risk/reward, he wouldn't buy airlines here at all.
Greg Newman
Price
$16.100
Owned
Unknown
DON'T BUY
DON'T BUY
October 2, 2020
He doesn't invest in options. He'd rather own stocks. The US announced that there will be more assistance to their carriers. AC will probably be alright too, but in general the sector is uncertain. Business travel is also uncertain and they added more debt due to the crisis. He would avoid it.
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Air Canada (AC-T)
October 2, 2020
He doesn't invest in options. He'd rather own stocks. The US announced that there will be more assistance to their carriers. AC will probably be alright too, but in general the sector is uncertain. Business travel is also uncertain and they added more debt due to the crisis. He would avoid it.
Barry Schwartz
Price
$15.950
Owned
No
DON'T BUY
DON'T BUY
September 22, 2020
Will AC fly again? He hopes so. The airline and hotel business is in a tough spot. He's skeptical that the airline industry will ever fully recover. He wouldn't invest in airlines. The government must look hard at the industry. Until there's a vaccine airlines will have a tough time to recover.
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Air Canada (AC-T)
September 22, 2020
Will AC fly again? He hopes so. The airline and hotel business is in a tough spot. He's skeptical that the airline industry will ever fully recover. He wouldn't invest in airlines. The government must look hard at the industry. Until there's a vaccine airlines will have a tough time to recover.
DON'T BUY
DON'T BUY
September 15, 2020
Doesn't own airlines, given huge fixed costs and obviously the air travel recovery has been prolonged, though will eventually come back. There are fewer players in Canada, so AC will certainly participate in a wider recovery. Canada's strong restrictions in air travel have hampered airline recovery. Doesn't see long-term secular growth in the airline sector.
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Air Canada (AC-T)
September 15, 2020
Doesn't own airlines, given huge fixed costs and obviously the air travel recovery has been prolonged, though will eventually come back. There are fewer players in Canada, so AC will certainly participate in a wider recovery. Canada's strong restrictions in air travel have hampered airline recovery. Doesn't see long-term secular growth in the airline sector.
DON'T BUY
DON'T BUY
September 1, 2020
Over time, people will travel again, though certainly not right now. AC is burning through cash because of few passengers. Buying this depends on your time frame. If you're long term, now is an attractive entry point. As improvements in vaccines and treatments accelerate, then we will see airline stocks bounce back even before airline travel numbers rise, as investors anticipate that bounce back. Don't expect quick returns here. You need to give the entire airline industry time to recover.
Show full opinionHide full opinion
Air Canada (AC-T)
September 1, 2020
Over time, people will travel again, though certainly not right now. AC is burning through cash because of few passengers. Buying this depends on your time frame. If you're long term, now is an attractive entry point. As improvements in vaccines and treatments accelerate, then we will see airline stocks bounce back even before airline travel numbers rise, as investors anticipate that bounce back. Don't expect quick returns here. You need to give the entire airline industry time to recover.
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