Originally Posted by
adam.smith
Only a small portion. As of December 31, 2014, AC had hedged 22% of its 2015 fuel requirements.
So AC doesn't fully benefit from oil and fuel price declines right away, but it's nowhere near fully hedged.
Indeed.
As a matter of fact, I do not like companies that hedge too much of their costs (be it an airline with fuel costs, or a gold producer with gold prices).
It means that they are starting to speculate with commodity prices, and I don't want them to do it.
As an investor, I can hedge against commodity prices myself, and sometimes cheaper than they can.
I prefer companies that focus on optimizing their operations, instead of "well hedge this cost and hope things go right".
Originally Posted by
jerryhung
AC stock $13.5, wow, now kicking myself even more for missing limit orders @ $11
At least I still have my $12 positions
Never kick yourself for "missing out" on a stock value increase.
You probably made the best decision for yourself considering the circumstances at the time.
People that regret their decisions tend to take riskier moves in the future, and you don't want to be "that guy".
