One reason behind this one: cost of fuel.
Price of fuel has lowered to 90$ from well over 100$ recently and even if they are hedged against cost, this is affecting the bottom line directly as no matter how many customers are on board, the fuel used is the same.
The other thing is in regard of Europe crisis: i do not think that it will affect that much travelers FROM Canada to Europe and almost to the opposite with a Euro being so low, it is now a lot cheaper to visit the old continent.
So at actual price (0,84 to 0,86) i am in and expect a rise in the mid 90ts in a short period of time.
As usual do not invest more than you can afford to lose and always do your own due diligence before investing in any stock.
Price of fuel has lowered to 90$ from well over 100$ recently and even if they are hedged against cost, this is affecting the bottom line directly as no matter how many customers are on board, the fuel used is the same.
The other thing is in regard of Europe crisis: i do not think that it will affect that much travelers FROM Canada to Europe and almost to the opposite with a Euro being so low, it is now a lot cheaper to visit the old continent.
So at actual price (0,84 to 0,86) i am in and expect a rise in the mid 90ts in a short period of time.
As usual do not invest more than you can afford to lose and always do your own due diligence before investing in any stock.
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