Being acquired in the late 1st quarter or the early 2nd quarter by the Ontario Teachers Pension plan at $42.75. There will be 2 dividends paid during that period. The yield over all will be about 9%.
The problem with this company seems to be in their US operations and they have some challenges there. Give them a little bit more time to work through it.
Suffering from the same things that a lot of airlines are suffering from, high fuel costs, high maintenance costs, etc. and until there is some appreciable increase in fares or some other way, he would stay away from it.
Has had trouble squaring away revenues, profitability, inventory, etc. There is a lot of competition. Would consider going in at this time but would like to see what the next quarter brings.
Rating
Big Win
Win
Neutral
Loss
Big Loss
