| TOP PICK | 14.560 | Greg A. Taylor, CFA, BBA | Perfect anti-oil trade. Good way to hedge your oil exposure. North American airlines have been crushed due to high oil prices. US airlines have been putting up decent numbers over the last few weeks and stocks have started to go up. Signed an interesting deal with Southwest Airlines, which should keep capacity fairly strong. | 2008-07-22 | |
| DON'T BUY | 12.650 | Neil Wickham | Airline business has been terrible. This company has been a singular exception with its very sound business model. Whole industry is getting pretty hard hit by rising oil prices. | 2008-07-14 | |
| DON'T BUY | 13.320 | Lyle Stein | This is a contrary play to oil. If you think oil is going down, buy an airline stock. This is probably one of the best Airline stocks in the business. He doesn't think oil will be going down. People's discretionary income to fly will hurt airlines. | 2008-06-26 | |
| DON'T BUY | 14.260 | Colin Stewart | In this type of energy environment it is very risky to be in any airline. An industry that historically has not produced very high returns on capital. | 2008-06-25 | |
| DON'T BUY | 14.730 | David Burrows | (Market Call Minute.) Great company. Great house in a bad neighbourhood. Stay away from because of energy price problem. | 2008-05-22 | |
| Comment | 16.010 | Steve MacInnes | Have a very efficient fleet. They may slow the scale of their purchases down. Expect they will get connections with international carriers, which will help them. Management executes brilliantly. | 2008-05-15 | |
| DON'T BUY | 15.960 | Paul Thornton | One of the few airlines that was a big winner a year ago but it just made another lower low, which is not a good sign. Pretty significantly off its highs. Would stay away from the airlines in general. | 2008-05-07 | |
| Comment | 17.030 | Jeff Parent | Tricky stock to analyze because it is very jumpy. A positive note is that it hit a support level twice and the downward motion is consolidating towards a point. (Technical= a triangle) Has the potential to move up. There is some risk with this. Expects resistance at the $20 level. If it broke down through the $16 level, consider shorting. | 2008-05-02 | |
| DON'T BUY | 17.010 | Michael Sprung | (Market Call Minute.) Very concerned on airline growth with the cost of fuel. | 2008-04-30 | |
| DON'T BUY | 17.010 | Norman Levine | Not a good time to be in the airline business. This is a fabulous airline to fly and when times are good, it's a great airline to own. With rising fuel costs and the economic slowdown there are some pretty big headwinds. | 2008-04-30 | |
| DON'T BUY | 16.200 | Michael Sprung | Airlines are very difficult things for value investors like himself to invest in. Overall you are dealing with companies that have extremely large capital costs and extremely huge operating costs. Very much dependent on discretionary expenditures. | 2008-04-15 | |
| DON'T BUY | 16.780 | Norman Levine | (Market Call Minute.) Always hesitant to own airlines but this would be his favourite. With fuel prices continue to go up and the economy slowing down, this is the wrong time to own an airline. | 2008-04-10 | |
| Comment | 16.890 | Don Lato | Has never found the airlines were one of the great business models. Not comfortable playing the cyclicality of airlines. | 2008-04-09 | |
| VAGUE | 18.730 | Lyle Stein | One of Canada’s great companies. Phenomenal operating model. It’s trading around 10 times next years earnings. Cheap. Believes oil will stay around $100 which will hurt the airlines. | 2008-03-28 | |
| HOLD | 20.000 | Robert Floyd | (Market Call Minute.) Very shrewd operator. Has done very well in the past in filling planes and making decent money. | 2008-02-29 | |
| Comment | 20.040 | Brian Acker, CA | He has a model price of $26.87, a 34% positive differential. On any pullbacks to about $16.90 he would be a buyer. Could add a little bit to your portfolio at this price and add more if it dropped to $16.90. Balance sheet looks pretty good. | 2008-02-27 | |
| TOP PICK | 20.090 | Alex Ruus | Best Airline in North America and it's cheap. | 2008-02-25 | |
| TOP PICK | 18.310 | Alex Ruus | (A Top Pick May 7/07. Up 12.5%.) Still a table-pounding Buy. Limited competition. This is an airline that makes money. Very cheap. | 2008-02-04 | |
| DON'T BUY | 17.080 | Norman Levine | One of the best airlines around. Has 2 big headwinds. The price of oil, which could come down some but will probably stay relatively high. Also, there is a great economic sensitivity to airlines, especially among his most travelers. | 2008-01-29 | |
| DON'T BUY | 16.890 | Bruce Campbell | Doesn't particularly like airlines. As an investment over the long term, they are too swingy and they don't have any control over fuel costs. | 2008-01-23 | |
| DON'T BUY | 17.810 | Robert Floyd | (Market Call Minute.) Would be on the sidelines on this one. | 2008-01-15 | |
| TOP PICK | 22.200 | Alex Ruus | (A Top Pick Nov 22/06. Up 42.7%.) Trading at 14X earnings. Fantastic fundamentals. There is a duopoly in the Canadian Airlines business. | 2007-12-13 | |
| HOLD | 19.260 | Robert Floyd | (Market Call Minute) Have done a decent job this year. With a stronger Cdn$ he thinks there will be some fairly good loads on the planes. | 2007-11-14 | |
| TOP PICK | 19.830 | Alex Ruus | (A Past Top Pick Nov of22/06. Up 42%.) One of the cheapest mid to large-cap stocks in Canada with a proven business model. Trades at about 13X next year's earnings. | 2007-11-05 | |
| HOLD | 18.420 | Robert Floyd | Showing nice improvements in terms of loads on their aircraft. Feels the travel industry is going to get a bit of a boost here. | 2007-10-12 | |
| HOLD | 18.810 | Bill Carrigan | Has gone through a corrective period. Had an uptrend, which gets violated in April, but doesn't go down that much. Then went into a sideways trading pattern, which is very bullish. It has now broken out, so it is off and running. If you're thinking of buying, hope that it comes back down and tests. | 2007-10-10 | |
| HOLD | 18.810 | Bill Carrigan | Has gone through a corrective period. Had an uptrend, which gets violated in April, but doesn't go down that much. Then went into a sideways trading pattern, which is very bullish. It has now broken out, so it is off and running. If you're thinking of buying, hope that it comes back down and tests. | 2007-10-10 | |
| Comment | 16.990 | Gordon Higgins, CA, MBA, CFA | Had stellar numbers in August with their highest capacity numbers. It's at the top in Canada for their efficiencies. If you are concerned about recession, it will be the marginal player that does not hop on the plane, but right now very solid numbers. Pr | 2007-09-12 | |
| TOP PICK | 16.040 | Alex Ruus | (A Top Pick Nov 22/06. Up 16.2%.) One of the few airlines that makes investment sense. They have built value with time. Low cost airline with non-unionized stock holdings workforce. | 2007-09-04 | |
| PAST TOP PICK | 15.000 | Bill Carrigan | (A Top Pick Sept 15/06. Up 45.7%.) Starting to get bullish congestion. Has started trading sideways. Would be out of it for the time being. Could be creating a base for an upward move. | 2007-08-20 | |
| BUY | 15.500 | Michael Decter | Likes this airline. A very good alternate in Canada. Load factors have been very high lately. Adding routes and aircraft. Have a lot of room to grow. | 2007-07-31 | |
| TOP PICK | 16.680 | Alex Ruus | High fuel costs are a bit of a dent for the airlines but is not concerned. This is the best airline in North America. Super cheap at 14 X this year's earnings and 10 X next. | 2007-07-18 | |
| DON'T BUY | 15.580 | David Baskin | Airlines are selling out seats; load factors are rising and the industry is expanding worldwide. On the other hand, airlines have been a sinkhole for investors for decades. High fuel costs. Expects rising maintenance costs. | 2007-06-19 | |
| SELL | 16.100 | Peter Brieger | Doesn't like the airline space. If they can't make tons of money here, when you can they? | 2007-05-16 | |
| TOP PICK | 16.530 | Alex Ruus | (A Top Pick Nov 22/06. Up 18.3%.) Low-cost operator. Sustainable competitive advantage. Paying down debt. Good price. | 2007-05-07 | |
| DON'T BUY | 16.130 | Peter Brieger | If you were going to buy an airline Westjet is good, however he doesn't buy airlines. They don't like airlines as investments. | 2007-05-02 | |
| BUY | 16.860 | Kenneth P. Norquay, CMT | The stock is going up at the same time that the market is going up, which is a good sign. Went sideways for a while and now it is going up again. | 2007-04-17 | |
| BUY | 15.150 | Ian Nakamoto | Really has a niche. Likes the culture of the company. | 2007-03-29 | |
| TOP PICK | 14.500 | Alex Ruus | (A Top Pick Jan 4/07. Down 3.1%.) At these levels, it's a table-pounding Buy at 11 X 08 earnings per share. Would argue that it is the best airline in North America. | 2007-03-01 | |
| BUY | 15.020 | David Cockfield | A very well managed company. We are in a period of growth in the airline industry. They have absorbed the fuel problems. There’s a whole generation of new and efficient jets coming out. | 2007-02-23 | |
| HOLD | 15.270 | Michael Smedley | Friendly, wonderful airline to travel on. Doing very well and setting up new relationships. | 2007-02-22 | |
| HOLD | 15.600 | Robert Floyd | Utilization of the planes are continuing to be strong. | 2007-02-13 | |
| HOLD | 14.990 | Norman Levine | Fuel prices are down and they didn't hedge their fuel. Looks pretty good. | 2007-01-31 | |
| DON'T BUY | 14.290 | Peter Brieger | Doesn't feel that airlines are a place to be given the unpredictability of their earnings outlook based on energy prices, terrorist activities and disease. Far too risky for him. | 2007-01-15 | |
| BUY | 14.900 | David Burrows | Airlines around the world have been performing much better than the market. Earnings revisions have been coming in to the upside. Trades at a significant discount to some of the US airlines. | 2007-01-08 | |
| SELL | 14.900 | Kyle McKay | Had a dramatic increase of 40% off its lows, which is attributable to oil prices. The risk is to higher oil prices rather than lower. | 2007-01-08 | |
| TOP PICK | 14.760 | Alex Ruus | (A Top Pick Nov 22/06. Up 10.5%.) Best airline in North America. Duopoly in Canada, making it very profitable. Just announced record load factors and should have great Q4. | 2007-01-04 | |
| PAST TOP PICK | 14.820 | Bill Carrigan | (A Top Pick Sept 15/06. Up 44%.) Took some money off the table. | 2006-12-20 | |
| TOP PICK | 13.700 | Alex Ruus | The best airline in North America. Has a sustainable competitive advantage. Lowest cost in Canada. Undervalued. | 2006-11-22 | |
| BUY | 13.700 | Michael Smedley | Airlines are very much in favour now. Still has room to move. Can be volatile. | 2006-11-22 | |
| BUY | 9.940 | Bill Carrigan | Has a stop loss at around $9.20. Target price at around $12 | 2006-10-02 | |
| TOP PICK | 10.280 | Bill Carrigan | Fundamentally, the company is in good shape. Had a lot of support at its lows. Thinks it will be higher a year from now. Under owned and under appreciated. | 2006-09-15 | |
| DON'T BUY | 10.330 | David Driscoll | Can understand anybody wanting to own the airlines. They don't generate free cash flow. Margins are very dicey. Capital costs can be very high. | 2006-09-14 | |
| DON'T BUY | 9.800 | Veronika Hirsch | The only hope for this stock is if oil prices where to decline substantially. Haven't had a lot to cheer about. Missed their numbers. | 2006-08-29 | |
| DON'T BUY | 10.020 | Laura Wallace | In the near term, airlines are going to experience some slowdown in the demand because of security. Generally speaking, she doesn't like the airlines business. Too capital intensive. If you own, hold on until the security business has settled down a bit before selling. | 2006-08-21 | |
| DON'T BUY | 9.960 | Peter Brieger | Extremely well run. Airlines are subject to a lot of problems such as increased pricing on jet fuel and competition. | 2006-08-09 | |
| DON'T BUY | 10.260 | Ross Healey | Would be nervous about any holding in this company. Balance sheet has been steadily weakening over the past couple of years. | 2006-08-03 | |
| DON'T BUY | 10.260 | Robert Floyd | Reported good earnings, but the stock dropped. Airlines are a challenging sector to invest in. They should be bought when fuel costs are a lot lower and yields are higher. | 2006-08-02 | |
| WEAK BUY | 11.150 | Neil Wickham | Not a fan of airlines. A bad move when they increased their costs by moving their eastern hub from the low landing costs of Hamilton to the highest in the world, Toronto. Fuel costs are also rising, but have been able to hedge theirs. Smart operators and run a very good business. In the short/medium term, stock should go higher. | 2006-06-20 | |
| DON'T BUY | 10.890 | David Taylor, MBA, CFA | They are running the company beautifully. An enigma. Loads are up, runs are up and the oil price is killing them. | 2006-06-14 | |
| DON'T BUY | 11.200 | Gordon Higgins, CA, MBA, CFA | The airline business is highly competitive, very volatile. | 2006-06-07 | |
| BUY | 11.720 | Bill Carrigan | Have done well even with high input costs. If the input costs back off, they should do even better. The chart is the kind of pattern that he likes with its downtrend, a rally back and another downtrend, but you don't make a new low. | 2006-05-02 | |
| VAGUE | 11.320 | Kyle McKay | Westjet has great load factors, dramatic increase in capacity, as well as traffic. Yields have been doing well. Lawsuit is not affecting the stock. | 2006-03-07 | |
| BUY | 10.870 | Brian Acker, CA | Earnings are going down, it looks like Air Canada has this guy's number.
But all in all thinks "It would be a good bet for a trade" | 2006-02-14 | |
| DON'T BUY | 11.950 | Larry Berman CFA, CMT, CTA | Short is the operative word. Down trends are pretty solid. Airlines not his favourite. Breaking some support today. Expect the stock will head back towards it lows of Nov/05. | 2006-02-08 | |
| PAST TOP PICK | 12.030 | David Taylor, MBA, CFA | (A Top Pick Aug 29/05. Up 8%.) Had picked this as a contrary pick. Hurricane Katrina hit and jet fuel prices went through the roof. Great company, Great management, but fuel prices kill these guys. | 2005-12-20 | |
| WEAK BUY | 11.310 | Bill MacLachlan | Air fare increases have not yet impacted their capacity. It has been very good for their earnings. His only concern is their continuing expansion and the idea that they are going to add more US routes. Good speculation, but not a good investment. | 2005-11-04 | |
| DON'T BUY | 9.380 | Norman Levine | Have had a number of kerfuffles. Have had some basic problems as well as management issues. Have deviated from their fomer business model which was a good one. | 2005-10-25 | |
| TOP PICK | 11.260 | David Taylor, MBA, CFA | Stock is now lower than when Jetsgo was in business. Ticket prices have gone up significantly, but have given all that margin back in higher oil prices. Well run. Capacity is growing. Don't jump in and buy right now, but only pick away at it. If oil prices ever do roll over, this will be the stock to go to. | 2005-08-29 | |
| DON'T BUY | 11.540 | David Burrows | Going through growth pains. Have expanded the number of routes and the frequency of their flights dramatically in the last couple of years. An extremely competitive business. | 2005-08-25 | |
| DON'T BUY | 12.200 | David Burrows | Has a hard time with airlines. Haven't seen people make a lot of money in this sector. No longer in the growth path. | 2005-08-04 | |
| DON'T BUY | 13.600 | David Driscoll | Airlines, autos, anything that is on the leading edge of tehnology, historically they have never made any money. | 2005-06-28 | |
| DON'T BUY | 14.000 | Neil Wickham | Airline industry is extremely volatile. When this company started out, it had a particular business model of low costs and tight operations that made sense. It has wandered away from that. Could get hurt over the long term. | 2005-05-30 | |
| DON'T BUY | 15.100 | Michael Sprung | The demise of Jetsgo has been somewhat positive for Westjet, but it is still a very competitive market and is being affected by fuel costs. Has an advantage over Air Canada (ACE.B-T) because of Air Canada's legacy costs. Overall, airlines has not been a field that they generally have invested in bec ause of volatility. | 2005-04-28 | |
| BUY | 15.690 | Pierre Bernard | Good strategy and culture. Good price. | 2005-04-18 | |
| DON'T BUY | 15.990 | Paul Harris, CFA | Very fortunate for them that Jetsgo went out of business. Pricing has gone up in the industry which is a good thing. A very tough industry. Won't be able to push up prices much more than what they have done already. Stock is fully valued. | 2005-03-28 | |
| DON'T BUY | 16.680 | Bruce Campbell | Fuel costs are high and the demise of Jetsgo allows them to pass on a little bit of the pricing, but wouldn't own this. | 2005-03-24 | |
| BUY | 17.110 | Gavin Graham | Going to be a big beneficiary of the reduction of price competition in the Canadian market. Could be a bit higher over the next year as they are not going to have the pressure from Jetsgo. | 2005-03-22 | |
| DON'T BUY | 17.000 | Martin Hubbes, CFA | A good company and will probably do OK, but you have to watch out for oil prices. Too cyclical for him. | 2005-03-21 | |
| DON'T BUY | 16.400 | George Loughery | Now has one less competitor. Expect airlines will tend to consolidate as they have a lot of fixed costs. Not a fan of airlines. | 2005-03-15 | |
| DON'T BUY | 11.390 | David Baskin | Have sworn off airlines and made a promise to himself that he would never own one again. A great way to lose money on the stock market. A difficult industry. Crude oil is very high and labour costs are not dropping. A lot of competition. | 2004-11-22 | |
| DON'T BUY | 11.940 | Ron Meisels | Had a wonderful run and then fell through the 200 day moving average. | 2004-11-16 | |
| WEAK BUY | 13.150 | Gavin Graham | Has suffered with its expansion requiring more planes. Returns and revenues and occupancy rate have all been falling off. Should continue to be a business model that works, but expect some short term turbulence. | 2004-09-30 | |
| TOP SHORT | 12.840 | Andrew McCreath | Fuel prices are very high and the company is unhedged. An incredibly competitive industry. | 2004-09-27 | |
| DON'T BUY | 13.370 | David Burrows | With the expansion they are going through, they are seeing some hurdles. Costs are increasing. A well-run airline, but a difficult industry to make money in. | 2004-07-20 | |
| BUY on WEAKNESS | 14.050 | Gavin Graham | The airline industry is a lousy business but this is the exception to the rule. Will continue to do OK. Stock-price could temporarily drop a bit. | 2004-07-06 | |
| DON'T BUY | 12.980 | Robert Floyd | As the the airline gets bigger, it's going to have some of the same issues that Air Canada has. Air Canada will come back on in a more aggressive fashion and take some of their space away from them. | 2004-06-28 | |
| DON'T BUY | 12.840 | Michael Sprung | Fuel prices are very high. A lot of uncertainty regarding the restructuring of the airline sector. | 2004-06-21 | |
| TOP SHORT | 14.860 | Kyle McKay | The price of oil is very high and this company has virtually no hedges in place. Exposed to much higher fuel costs representing 22/23% of their cost structure. | 2004-05-27 | |
| BUY | 14.750 | Neil Wickham | Well-managed. Longer-term outlook probably won't be as good as it has been. Should continue to do well but their cost structure will increase. | 2004-05-25 | |
| DON'T BUY | 14.150 | Norman Levine | The airline business is the worst business in the world. The stock has been going down and thinks the trend will continue. Strong competition. High fuel costs. | 2004-05-17 | |
| DON'T BUY | 24.300 | Laura Wallace | Has done a great job but, its success has produced a lot more competition. Generally, not a fan of the airline industry. | 2004-05-04 | |
| DON'T BUY | 16.200 | Peter Brieger | Top rate quality, but can't bring himself to pay 20 X on what he considers a commodity business. Facing stiff competition. | 2004-05-04 | |
| DON'T BUY | 23.300 | David Burrows | Has a good business model. Unfortunately, in the short term, they've been adding routes which has caused a bit of a strain on their margins. A lot of weakness in the airline sector. | 2004-04-30 | |
| DON'T BUY | 26.040 | Andrew McCreath | An excellent company and their balance sheets is rock solid. There's a major cloud over the company right now. No longer a niche airline, but now a national carrier and the airline business is not that good a business. | 2004-04-20 | |
| DON'T BUY | 24.790 | Peter Brieger | A first rate run company. Too much competition is growing. | 2004-04-14 | |
| WATCH | 26.750 | Michael Sprung | Potentially interesting. See value in it. Only interesting airline | 2004-03-30 | |
| BUY | 26.000 | Robert Floyd | In a sweet spot when you look at the mess with Air Canada. Much lower cost base. Will probably do OK over the next 12/15 months. | 2004-03-25 | |
| DON'T BUY | 24.990 | Laura Wallace | Extremely well operated. Not a fan of the airline industry. As major carriers enter into discount flights, it will be a challenge. | 2004-03-18 | |
| DON'T BUY | 25.810 | David Driscoll | Their concern is that Westjet may be expanding too far and too fast making them go outside their business model. | 2004-03-11 | |
Experts that have talked about Westjet Airlines
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