FlyerTalk Forums - View Single Post - AC rules out 'colossal failure' of government stake for aid; bailout debate thread
Old Apr 13, 2021, 8:10 am
  #107  
bid.shader
 
Join Date: Sep 2016
Programs: AC SE, IHG Diamond
Posts: 51
I had been holding the stock for a few weeks thinking it would get a bump when a bailout was announced, but sadly that's not the case
Yeah but the sector overall is down about 4% today on the J&J vaccine news, so really for the market to digest this kind of an aid package and have the stock trade in line with the sector seems good on the day. Really think we need to wait for actual concrete changes in travel restrictions both within Canada (Atlantic Bubble) and international along with things getting under control on new infection rates across the country before your thesis can play out - tough to have too much optimism in travel when Canada is now seemingly surpassing the U.S. in new infection rates per capita. You're probably a victim of some bad luck right now and just need to wait it out.
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