Q: Hi 5i
With reference to member S's questions on Nov 05....What is AC's current valuation?
Given 5i often talks about momentum in the market do you think AC can maintain current momentum?
Would 5I be more inclined to sell into the momentum..... and if you were hanging in what SP would you re-access that decision?
Is there some influence from US airlines potential bankruptcy, eg spirit airlines?
Not trying to pick top but looking to understand better the current push in share price.
thx
With reference to member S's questions on Nov 05....What is AC's current valuation?
Given 5i often talks about momentum in the market do you think AC can maintain current momentum?
Would 5I be more inclined to sell into the momentum..... and if you were hanging in what SP would you re-access that decision?
Is there some influence from US airlines potential bankruptcy, eg spirit airlines?
Not trying to pick top but looking to understand better the current push in share price.
thx
5i Research Answer:
AC is currently 7X earnings. Airlines typically do get very low valuations in the market. Its Q3...