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What drives Air Canada's stock price?

What drives Air Canada's stock price?

Old Nov 6, 2015, 12:36 am
  #106  
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Originally Posted by SparseFlyer
PE? Really? lol I expected better from you sir.

AC is trading at 2.8 12 month EV EBITDA. The sector is trading around 9.

But hey, you are old and full of wisdom so...
Are you sure you don't mean EBITDAR?

AC usually doesn't include minor expenses like aircraft in their earnings reports.
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Old Nov 6, 2015, 12:15 pm
  #107  
 
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Originally Posted by canadiancow
Are you sure you don't mean EBITDAR?

AC usually doesn't include minor expenses like aircraft in their earnings reports.
No the numbers I had was for EBITDA.

The point I was trying to make was just that an FTer used a silly argument to tell another FTer that they were making a silly argument. P/E is an 'ok' quick yardstick if you are considering non-cyclical low growth stocks. Mostly because if the stocks have high growth opportunities or are coming out of the lows of a cycle, they will have a very high P/E ratio, but a high P/E ratio given the axioms of P/E analysis means that the stock is overvalued. The inverse is also true (a stock coming out of a high cycle and with decreasing growth will have a low P/E, but is obviously poised for a decline). So it's actually just a really bad metric for most stocks. Like saying "this vegetable is bad for you because I don't like how it tastes".


But in know way I think AC is a good current investment (I haven't done proper homework on it, and I certainly wouldn't advertise it for free on FT), but just using EV/EBITDA can show how the analysis can go from one extreme to the other in about half a second.
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Old Dec 18, 2015, 11:50 am
  #108  
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Air Canada smashes through $10

I notice that Air Canada stock peeked below $10 this morning.

So can we finally agree that Air Canada's stock price has almost no relationship to the quality of Air Canada's management or management decisions?
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Old Dec 18, 2015, 11:55 am
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Oh no not this thread again please I beg you.
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Old Dec 18, 2015, 2:11 pm
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I love the book value per share : -$0.18
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Old Dec 23, 2015, 11:16 pm
  #111  
 
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http://www.fool.ca/2015/12/23/air-ca...rm-investment/

Wat.
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Old Dec 23, 2015, 11:34 pm
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This thread needs to die in a fire.
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Old Jan 7, 2016, 8:45 am
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AC stock on track to crash through $9 floor, lower Dec LF YoY ........ All this capacity build-up against a backdrop of Economic uncertainty .........

Would be nice to see some Exec accountability instead of pats on the back if this aggressive position from AC turns out to be a mistake as many of us around here have long thought

http://finance.yahoo.com/news/air-ca...130000444.html
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Old Jan 7, 2016, 9:27 am
  #114  
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Originally Posted by CloudsBelow
AC stock on track to crash through $9 floor, lower Dec LF YoY ........ All this capacity build-up against a backdrop of Economic uncertainty .........

Would be nice to see some Exec accountability instead of pats on the back if this aggressive position from AC turns out to be a mistake as many of us around here have long thought

http://finance.yahoo.com/news/air-ca...130000444.html
It's got a long way to go before it hits its original $1-$2 range.
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Old Jan 7, 2016, 12:32 pm
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Everything crashed today. I bought some AC stock.
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Old Jan 7, 2016, 1:49 pm
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Originally Posted by Shareholder
It's got a long way to go before it hits its original $1-$2 range.
The original price for this version of AC was $20.
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Old Jan 7, 2016, 2:48 pm
  #117  
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Well I just bought 2 shares of DAL. If I can gain a couple dollars on each, I'll have made enough off Delta to buy a beer!
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Old Jan 7, 2016, 7:51 pm
  #118  
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To answer this question without divulging anything that I shouldn't be divulging....after speaking to a senior director at AC today, one thing I was impressed with is how disciplined Air Canada is when it comes to their numbers. Costs/profits etc. No wonder their stock is doing much better. Like them or hate them, they run a tight ship when it comes to numbers.
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Old Jan 7, 2016, 8:18 pm
  #119  
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Originally Posted by superangrypenguin
No wonder their stock is doing much better.
Yep, the stock is doing brilliantly:

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Old Jan 7, 2016, 8:22 pm
  #120  
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Originally Posted by KenHamer
Yep, the stock is doing brilliantly:
Ken, you know full well what I'm talking about. Take a look at the 5 year stock outlook. And plus, you know full well the markets have been doing crappily over the last year (inclusive of 2015). 5 years ago the price was $3.39.
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