Q: Hi
Your views about CAE in Travel Sector which might benefit once travel restriction is removed. CAE managed to finance an acquisition of L3Harris by raising equity of almost C$1-bil at 31.25. At present its trading around 35 to 35.50. Do you think this price is reasonable or stable or chances that it might fall back to 31.25 and settle there before there might be any recovery in price? Your thought please.
Thanks
Piyush
Your views about CAE in Travel Sector which might benefit once travel restriction is removed. CAE managed to finance an acquisition of L3Harris by raising equity of almost C$1-bil at 31.25. At present its trading around 35 to 35.50. Do you think this price is reasonable or stable or chances that it might fall back to 31.25 and settle there before there might be any recovery in price? Your thought please.
Thanks
Piyush