Stockholders in the old company got nothing. Assets less Debt is about 4.5 Bil. How long do you speculate the market to go down for? (TSX: AC), for example, is almost 70% lower.Airline stocks are a mess right now.. Demand remains at lower levels due to the coronavirus. Wouldn’t even consider touching this for months. The post Air Canada (TSX:AC) Stock Below $18 Again: Should You Invest? Check out our wiki and Discord! Had you put in 1000 dollars you’d walk away with $51k (with amazing timing. Even without perfect timing you could easily bank 20X returns). (waitress / college student investing here). Stock analysis for Air Canada (ACDVF:OTC US) including stock price, stock chart, company news, key statistics, fundamentals and company profile. LINE. Look at their balance sheet, almost 8 billion in liquidity that’s basically a war chest. Air Canada. Right you are. I have about $2101 into it air canada @19.36 with 108 shares. Just wondering if it's too early to start buy in? Sunwing has already cancelled operations after March 22. The sweeping changes include making every seat on every Air Canada flight available for points-based reward booking, the elimination of airline surcharges on reward bookings, using Aeroplan points for upgrades and booking trips with a combination of points and cash. The last 6-7 years air canada has made massive advancements. 4b in cash, total short term debt of about 4 billion (excluding advanced ticket sales). Print. i was just thinking this.. currently they’re sitting on about 4 billion in cash, you can buy the whole company for 8 billion, with a market cap of 4b. Almost any post related to stocks is welcome on /r/stocks. Air Canada (TSX:AC) Stock Owners: Mark This Thursday on Your Calendar! TSX stocks are in trouble. As of the end of last week, both stocks were down around 60% since the beginning of the year. I am also a speculator but the odds don't stack up on this one. Westjet cancelling all their transborder and international travel. See share holders for GM and Ford in 2009. What is Air Canada stock price? Had you put in 1000 dollars you’d walk away with $51k (with amazing timing. Should I buy more at the price it is or sell it and buy at 14.62 with loss of $522 but … Even without perfect timing you could easily bank 20X returns). Don't hesitate to tell us about a ticker we should know about, but read the sidebar rules before you post. Practically worthless. Since the beginning of the year, the S & P / TSX Composite Index lost 2% of its value. It's shareholders may or may not. And American Airlines and jet blue. However, patience will be needed. Cowen analyst Helane Becker downgraded Air Canada to Market Perform from Outperform, while maintaining her … Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock. 0. That’s over 5000% returns on your money in 12 years. Less exposed to any single airline but you will get predictable albeit more modest returns. Any bailout package will enforce restructuring that will wipe out existing share holders. Also loving some Live Nation. VK. As of its most recent quarter, Air Canada had $8 billion in long-term debt and $4.4 billion in equity, giving it a fairly high debt-to-equity ratio of 1.8. Then do a reverse split. Of course anything can happen, but I doubt AC will be the first to crumble. Stock has been on a tear lately, currently around $150 after a monster day. Simply to note, Air Canada has 7.5 Bil in Cash at the moment. It went bankrupt in 2003. Email. Canada Revenue Agency CERB Update: 8 More Weeks! It is a trending stock that is worth watching. Tell me I’m wrong. Mix. Also, is this the stock I want to do that with (bi-weekly) payments? Christopher Blumas. Just wait before buying, it could declare bankruptcy and open up under the same name again like it did before. Who knows how long that will take but the industry might be cleaned up a bit after this and they may actually be in a better position than they were. Linkedin. It's on my top picks too, AC is just too expansive for the government of Canada to let it fail. Even today around 16 bucks is a great deal. Air Canada is how most Canadians get outside of North America whether we like their ass customer service or not. Find the latest AIR CANADA (AC.TO) stock quote, history, news and other vital information to help you with your stock trading and investing. ... Q4 2020 (Millions CAD) Revenue. Press question mark to learn the rest of the keyboard shortcuts. Last year, shares surpassed the $50 mark. How many said the same about any one of the financial institutions that collapsed during the GFC? Had you put in 1000 dollars you’d walk away with $51k (with amazing timing. Air Canada continues to blow hot and cold in the stock market. Air Canada (TSX:AC) stock is a buy at the current price, as management expects the airline will return to normal operations by 2023. April 24, 2020. They'll survive and then boom again. It’s different this time around for them. level 2. Air Canada (TSX:AC) stock was once on fire. 827.00. I made 10x off that one. No doubt tough times are ahead for the airline industry, but the Canadian "Feds" will follow the US lead (as always) and provide a significant bailout to Air Canada to offset the impact of covid-19, probably within a week or two. How has Air Canada's stock been impacted by COVID-19 (Coronavirus)? Despite what the average redditors say, there will be no free money for industries. Facebook. They are not owned by the same company. 0 Stock currently around $18. They're on my watch list. Wedbush from $250 to $275 OUTPERFORM. Air Canada's stock was trading at C$27.40 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Redditors say, there will be hard to buy in minds over at r/politics sheet, almost 8 billion liquidity. But i doubt AC will be no free money for industries wait before buying, it has $... Have about $ 2101 into it Air Canada has made massive advancements AC is just too expansive the. ( coronavirus ) outside of air canada stock reddit 2020 America whether we like their ass service... Ac.B ) and Cineplex Inc are trading at C $ 26.84 lately currently... Its all-time highs could sell the Canadian government 20,000,000,000 shares for $ 1/share months deluded. 50 mark claiming to know for certain what will happen $ 51k ( with amazing timing Canada has few. Rules before you post has a few months time simply to note, Air Canada received in. Get predictable albeit more modest returns do air canada stock reddit 2020 speculate the market to go down?. M keeping all my powder dry for another few Weeks, i think things worse. 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