Q: hi there, what price would AC be a buy ?, considering it will be part of the high risk portion of the portfolio with 2% max allocation, thanks
5i Research Answer:
Airlines are always a tough call. If we see a recession, or US traffic decreases with Canadian patriotrism, AC stock is probably going lower. Momentum is highly negative right now in the markets and with AC itself, down 28% YTD. We likely would not be interested until it breaks its old recent low, in the $14.25 range.