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  5. CJT.A: Hello, CJT can't seem to find a bottom. [Cargojet Inc - Ordinary Shares and Variable Voting Shares]
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Q: Hello,

CJT can't seem to find a bottom. Any insight? Looking to add to my position.

Thanks.
Asked by Satish on March 11, 2025
5i Research Answer:

It is a tough call, as new recession fears will keep sentiment weak for a period of time, no doubt. EPS is expected to fall slightly this year. The balance sheet has a bit of leverage (2x cash flow). The last quarter was decent, but there is some cost creep occuring which is tempering earnings growth outlooks. At 15X earnings, all of this is 'probably' priced in. But investors need a catalyst here to overlook economic and market fears. We would be OK adding into more weakness, but we think buyers will have some time here. 

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