Originally Posted by
Shareholder
Even with expected results next week, I don't think there's much more upside to AC at the moment. The market may respond temporarily but not for the same sustained length of time it has. Going from under $2 to around the $9-$10 range has been a pretty good marketing job on the part of AC execs, and good fortunes in the NAmerican industry overall, has meant AC shares have reached a reasonable level. (Of course, reasonable levels don't mean much in the hyped up stock market if a group of investors gets hot about a stock...) Remember, AC had a dip in recent months and only just recovered to this level from the $7 range where it's been most of the spring.
All good points.
I was out of the sector (AC and BBD) but jumped back in w/ AC for the action I guess.
I think Q2 might have been a sweet spot for them - kind of a honeymoon phase - and hope the results will beat street expectations and push it through $10.50 (rationally or irrationally). I'm in this very short term
A rising tide floats all boats but market hype can be just as powerful. CAD softness YoY is a concern and will drag - I know AC USD hedge will mitigate some impact.
Action is fun ... Looking forward to the call next week.