Q: Hi 5i,
Referencing Murrays question earlier on Air Canada...Is it cheap at current price given earnings....Stock seems to have taken another nose dive after initial uptick....
Would you be interested at current price and say 1 year time frame ?
Thx
Referencing Murrays question earlier on Air Canada...Is it cheap at current price given earnings....Stock seems to have taken another nose dive after initial uptick....
Would you be interested at current price and say 1 year time frame ?
Thx
5i Research Answer:
At 4X earnings, AC can certainly indeed be called cheap. With investors fretting about wars, oil prices, recessions and rates, we think it is still a decent contrarian buy at current levels. We might suggest a 2 year timeframe over 1 year, however.