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Air Canada question

Discussion in 'Canadian Stocks Message Boards' started by Brenko, Mar 25, 2020.

  1. Brenko

    Brenko New Member

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    Anybody in with Air Canada? If so do you think shares will go $10 or under? It went to $9 but went back up will it drop again? When os a good time to buy?
     
  2. StockJock-e

    StockJock-e Brew Master
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    Its typically good to buy on panic selling, but the risk is that AC does a share restructuring and all the current shareholders end up holding worthless shares.
     
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  3. Brenko

    Brenko New Member

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    Thank you
     
  4. TomB16

    TomB16 Well-Known Member

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    I have no idea when to buy, or if to buy, but I will opine that AC is a far better company than it was 10 years ago and much better than even in the last 5. I believe it is a solid company that will last into the future.

    Unfortunately, Jock-e makes a good point with regard to restructuring. AC doesn't have a strong history of respecting it's shareholders.
     
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  5. Brenko

    Brenko New Member

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    Good to know thanks I appreciate it
     
  6. TomB16

    TomB16 Well-Known Member

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    Apparently, Canadian airlines don't have to refund tickets during the COVID-19 crisis. A voucher good for 2 years is sufficient.

    As I understand it, both of Canada's major airlines are low on cash, laying off huge quantities of staff, and struggling for survival.
     
  7. MTTRADER

    MTTRADER New Member

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    Hats off to the people who went in at 9$
     

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