FlyerTalk Forums - View Single Post - What drives Air Canada's stock price?
View Single Post
Old Aug 11, 2014 | 5:23 pm
  #61  
drvannostren
10 Countries Visited
20 Countries Visited
30 Countries Visited
15 Years on Site
 
Join Date: Jul 2008
Location: YVR
Programs: OZ Diamond, Jiffypark Manhattan Gold
Posts: 4,784
Originally Posted by Shareholder
Let's just say in this regard, AC's team has transformed the airline into a relatively stable operation with a credible face in the Market. As I posted the other day, I don't see the stock rising above $10 for any sustained period of time and it is more likely to be "normal' in the $8-$9 range...which ironically is where the stock was when the original company's stock was first issued back in the 1980s and where it languished until the CP/AC/ONEX take-over battle of 1999/2000. (Yes, these are actual constant dollars, not adjusted for anything.)
Largely agree, though I think $9-$10 can be sustainable. I think it'll flirt with $11 but ultimately never steadily stay above 10.50
drvannostren is offline