Air Canda shares have been taking a beating in the last few months wondering where it is going.
At the end of Q1 2011, AC.B had 2.1B$ in cahs (or cash equivalent) meaning over 9$ per share. What is the share price now???
Sure the possibility of a strike is looming, the fuel price has been higher (but most probably it's impact is well over exagerated) but passenger seat mile is higher.
All together, i think AC.B is actually well over sold and fear has a lot to do with that.
If Ac.b was to test it's 1,61$ level and going under, get ready to pull the trigger and make some shopping at great bargain price.
I still maintain my 6$ 12 month value for this stock meaning it could give a 300% return from today's level.
As usual never invest more than what you can afford to lose.
At the end of Q1 2011, AC.B had 2.1B$ in cahs (or cash equivalent) meaning over 9$ per share. What is the share price now???
Sure the possibility of a strike is looming, the fuel price has been higher (but most probably it's impact is well over exagerated) but passenger seat mile is higher.
All together, i think AC.B is actually well over sold and fear has a lot to do with that.
If Ac.b was to test it's 1,61$ level and going under, get ready to pull the trigger and make some shopping at great bargain price.
I still maintain my 6$ 12 month value for this stock meaning it could give a 300% return from today's level.
As usual never invest more than what you can afford to lose.
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