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| DON'T BUY | 1.060 | Irwin Michael, B.Com, MBA | High-risk/high reward. As a value player he does not favour the stock. Probably trading with a negative book value. Prefers Western Jet (WJA-T), which has earned money for the last 26 consecutive quarters, pays a dividend and is sitting on $1.3 billion in cash. | 2012-01-13 | |
| PAST TOP PICK | 1.440 | Michael Smedley | (A Top Pick Oct 29/10. Down 62.33%.) Sold most of his position. Not happy with airlines as they don't really seem to work out. | 2011-10-31 | |
| DON'T BUY | 1.410 | Michael Smedley | The strike is now over and fuel prices have come down. Doesn't feel comfortable at the moment and he would go elsewhere. | 2011-09-27 | |
| SELL | 1.380 | Norman Levine | Can’t stand airlines. Not investments. They are trades. He is an investor, not a trader. No business in the world has destroyed more capital than the airline business. Fuel prices are the only positive thing in that business. | 2011-09-23 | |
| TOP PICK | 2.340 | Ben Cheng | 9.25% Bond maturing Aug 1/15. Market is critical of airline stocks in general because it has been tough to make money off them through the years. Company has moved down its debt to a little more than$2 billion and generating well north of $400 million of free cash flow. | 2011-07-14 | |
| DON'T BUY | 2.310 | Bruce Campbell | Has never owned airlines. West jet is a little less risky than this one. Thinks there are better places to be. There may be a trade here bit it is not for him. | 2011-07-12 | |
| DON'T BUY | 2.380 | Jeff Parent B. Eng. FCSI | Took a fairly big dive but has recovered now. Can't see it going up much further. There is some support at $2.20 but he wouldn't touch the stock. Looks like it is on a longer-term downtrend. | 2011-07-04 | |
| DON'T BUY | 2.280 | Norman Levine | AC.B West Jet versus Air Canada? Airlines is a lousy, lousy business. Has never owned any. Okay for short-term trading opportunities. If you must own airline, it should be West Jet as it is a quality company of the two. | 2011-06-29 | |
| PAST TOP PICK | 1.890 | Michael Smedley | (Top Pick May 27/10, Up 1.08%) They are being hit by the strike. The planes are packed and they have great capacity. Fuel costs worried people. Airline business is hard for investors. He is hoping the dream will be resumed at some point. | 2011-06-14 | |
| PAST TOP PICK | 2.400 | Michael Smedley | (A Top Pick April 29/10 Up 4%.) Fuel factor has driven this down. Still a Hold. | 2011-04-18 | |
| DON'T BUY | 2.280 | John O'Connell, CFA | High oil prices are not good for airlines. The time to own an airline is in the middle of a recession and probably when it’s in bankruptcy. You buy the bonds rather than the stocks. | 2011-04-11 | |
| PAST TOP PICK | 2.690 | Lesley Marks | (Top Pick Nov 24’10, Down 28.61%) Concerns were about union negotiations but oil price is now more of a concern. Jet fuel is about 25% of their operations. | 2011-03-09 | |
| Comment | 2.840 | Veronika Hirsch | Higher oil prices are going to hurt them. Prior to the middle east problems, traffic was picking up, pricing was getting better and everything was indicating they could have a really good year. This is one of the most sensitive companies to higher oil prices. If oil prices are down below $100 by June, we are OK otherwise you don’t want to own. | 2011-03-02 | |
| DON'T BUY | 2.840 | Brooke Thackray | Reported $134 million profit but $111 million was in foreign exchange. Analysts had expected a $0.04 a share loss but it came in at $0.06. Airlines are extremely sensitive to oil prices. | 2011-02-28 | |
| Comment | 3.130 | Ara Nalbandian | Right now there are two factors affecting them. Positive: There is a lot of competition from airline manufacturers, depressing prices of planes. Negative: fuel prices. | 2011-01-19 | |
| BUY | 3.630 | Michael Smedley | Upside should be good from here on because airlines have toughened up and prices have gone up. Possibly a double. | 2011-01-07 | |
| BUY | 3.430 | Jim Huang | Parent company sold a big block of stock and it put pressure on the stock. They have been managing the capacity quite well. They will do well of the economy continues to recover. In general he doesn’t like the airline industry. | 2010-12-30 | |
| Comment | 3.770 | Mike S. Newton, CIM FCSI | Stock has been a surprise to a lot of people by tripling. Just did a debt offering. Has always stayed away from airline stocks. Analysts have a target for $7.50, which he believes, but he would rather own something else. In about 2-3 years they’ll be back to the drawing board trying to raise money again and restructuring. | 2010-12-01 | |
| DON'T BUY | 3.740 | Derek Webb, CFA | Has under performed US airlines. He owns Transat because of earnings (in his top 50 Canada/US stocks). | 2010-11-30 | |
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| TOP PICK | 3.670 | Lesley Marks | Very pleased with recovery of air travel in Canada. Benefiting from higher priced business travel and increased Atlantic and Pacific travel. Very inexpensive. | 2010-11-24 | |
| HOLD | 3.650 | Hap (Robert) Sneddon FCSI | A little overbought. Was base building in 2009 and there was an assumption of a new trend. Could see a pull back to $3.40 area. A lot more upside in the long term. | 2010-11-19 | |
| DON'T BUY | 3.440 | Benj Gallander | Would stay away from this airline altogether. Because of their debt load and problems, it doesn’t interest him. | 2010-11-11 | |
| TOP PICK | 3.770 | Michael Smedley | Trading around 4X earnings. Still has debt, but it is not onerous. Expecting it to be a double from here. | 2010-10-29 | |
| DON'T BUY | 3.330 | Don Lato | Warrants. Has never been a fan of this company or any airline stocks. Speculative at best. Doesn't like the overall business model. | 2010-10-14 | |
| SELL | 2.320 | David Cockfield | Never been a fan of airlines. A tough way to make money. Load factors are up and things are not looking too bad and it may be okay for the next couple of years but all it would need is a pop in oil creating higher energy costs. Speculative. | 2010-09-03 | |
| Comment | 1.830 | David Burrows | Like a warrant on market recovery. Highly economically sensitive. Because they have First Class and Executive Class, their capacity utilization of those expensive seats can have a huge impact on profitability. If you own, it is a bet that that this recovery is sustainable. | 2010-06-21 | |
| TOP PICK | 1.850 | Michael Smedley | Thinks this company is coming out of the depths of years of misery, poverty, internal warfare, etc. Have cut it back now to be able to make money. | 2010-05-27 | |
| SELL | 1.880 | Andrew McCreath | Buying airline stocks is a lottery ticket. There is an interesting dynamic with Porter Airlines trying to go public. Westjet (WJA-T) have been using some of the bullets in their discount arsenal to go after Porter. | 2010-05-26 | |
| TOP PICK | 2.250 | Michael Smedley | Considering it as a trading stock. There are analysts that are looking for a double. | 2010-04-29 | |
| DON'T BUY | 1.640 | Norman Levine | Would never own it. No business in the history of the world has destroyed more capital. It is impossible to make money in the airline industry. | 2010-03-09 | |
| DON'T BUY | 1.210 | David Baskin | Doesn't like airline stocks. Very difficult to make money in this industry. | 2009-12-15 | |
| DON'T BUY | 1.290 | Michael Sprung | (Market Call Minute.) Airlines are difficult at the best of times, particularly in the environment we are in. | 2009-11-27 | |
| DON'T BUY | 1.290 | David Baskin | (Market Call Minute.) Wouldn't touch it. | 2009-11-19 | |
| SELL | 1.340 | Peter Hodson | (Market Call Minute.) Doesn’t like airlines. | 2009-11-16 | |
| WATCH | 1.140 | Ron Meisels | Had a major selloff in the summer and then shows a congested area from that time on. Until the stock breaks through $2 you do nothing. $2 is the signal it has broken out. | 2009-11-05 | |
| BUY | 1.050 | Craig MacAdam | (Market Call Minute.) Just recapitalized and the risk of bankruptcy is off the table. Airline industry is extremely risky but in Canada there are only 2 players. | 2009-11-02 | |
| DON'T BUY | 2.320 | Duncan Stewart | He never owned this but preferred Westjet (WJA-T). The real challenge on this one is the slowing economy means fewer flyers. Will lose more money in the last quarter. | 2008-11-18 | |
| DON'T BUY | 5.250 | Kevin O'Leary | Only own as trading vehicle. He is an investor. Management has done better in the last couple of years. It’s do ok. | 2008-10-01 | |
| WAIT | 5.150 | Bruce Campbell | Wait at least a couple of weeks or months. | 2008-09-29 | |
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| BUY | 4.790 | Robert Floyd | With lower oil prices they should have a better outlook for the quarter. However you are probably looking at declining numbers in terms of capacity utilization. Did a good job in moving up to more efficient aircraft and closing down routes that no longer made sense. | 2008-09-25 | |
| Comment | 4.810 | Robert Floyd | In the last quarter, they made a lot of money out of derivatives. Made a profit, but basically on hedging of fuel. Very solid company in this space. Have to do something with Ace Aviation, which is a big holding. Expect they will dividend it out and unwind the company. If the economy turns around, you could have a nice move. | 2008-08-21 | |
| Comment | 5.850 | Gordon Higgins, CA, MBA | Oil has a major impact on this stock. Their energy consumption was up $220 million. If you think oil is going to drop to $80, the stock will have good torque behind it. | 2008-08-08 | |
| DON'T BUY | 4.630 | Veronika Hirsch | This is a horrible industry. Even Westjet (WJA-T), which is a well-managed company, is not a stock she would buy. If oil should drop to $100, the stocks will have a good bounce. | 2008-07-17 | |
| BUY | 16.240 | Ian Nakamoto | When oil stocks move up, airline stocks tend to weaken. Outlook for the airline industry is pretty positive. For the short term, it is fine. | 2007-03-29 |
