When AC was $25 they said $20 was the entry point. AIR CANADA. They will eventually come out of bankruptcy some day I hope? During the day the price has varied from a low of $20.5 to a high of $21.4. Too much risk buying one company. I don’t know, and neither do you, since you’re asking in an online forum if it’s a good idea. Although its recent earnings reported a loss of $1.05 billion, the company has $6 billion in cash and investments to fall back on. And now some people still want to buy AC at low $20/-. You could still lose a boat load, but ac won't go under. Westjet is at $18/share. Press question mark to learn the rest of the keyboard shortcuts. Plus the airline kind of sucks. You could if you really want, buy a handful now and continue to buy more as it sinks and stop when you think things are beginning to rebound to do some dollar cost average, but i believe things are going to sink before it rebounds, This is my strategy, I bought some other day and will continue to buy in as long as it keeps going down. At the time of writing, the market is pricing Air Canada stock at $16.04 per share. I would buy but with money I expect to lose. Do you think it's going to recover? I missed my opportunity jumping in at 30. It opened the day at $20.5 after a previous close of $20.75. No, if they enter bankruptcy protection the common shares will be cancelled. If ac goes under, Canada screeched to a halt and we're in end times as a country, your stocks are worth zero. A bail out is not a good reason to ever buy a stock. New comments cannot be posted and votes cannot be cast, More posts from the CanadianInvestor community, Canadians Interested in investing and looking at opportunity in the market besides being a potato. 50 comments. If no really bad news comes about the virus but we see a large drop on Monday morning, then I would buy it rather quickly. Nothing has changed since those days. When AC was at $15/- I remember people said anything below $10 was a good price. They could collapse to be worth very little though. I think it is a very speculative stock, as with most airline stocks. Dynavax's stock has continued to lose ground in 2020. Sold a bunch at $48. 71% Upvoted. Question for ya - Air Canadas market cap was relatively low, historically. But the question is where the bottom is. Better to buy an ETF of airlines and bet on the industry recovering and not on any one particular company. Press question mark to learn the rest of the keyboard shortcuts. AC has gotten a lot of bad press lately around their call centers and reservation system issues. Perhaps in 5 years it could go up to $20-40/a share. Air Canada stocks have slowing been going down the drain for a while now. And the company is still quite strong at this point. I'm asking if my thoughts are on the right path. This won't happen. The case for buying. Could be a total loss. You’re wrong that you think you’re going to outsmart the market, yes. If we get a relief regarding corona virus, should be +10% from here rather quickly. boeing might be a better bet...and I do mean BET. Discussion would be geared around any investment opportunities a Canadian has access to. If ac goes under, Canada screeched to a halt and we're in end times as a country, your stocks are worth zero. But I wonder if it would be a good long term investment. Air Canada (TSX:AC) hit a 52-week low of $9.26 after the March 2020 stock market sell-off. Q4 2019 financials coming shortly. If you’re thinking of buying this airline stock, now is not the best time. Air Canada is not currently issuing any dividends. Prior to the health emergency, investors traded the airline stock for $52.71 per share. Air Canada stock has crashed in 2020, and many investors are asking is Air Canada Stock (AC Stock) a buy in 2020? Air Canada stock. They service routes that no one else does, and are literally required to do so. The latest stock analyst recommendation is PAST TOP PICK. Air Canada (TSX:AC) hit a 52-week low of $9.26 after the March 2020 stock market sell-off. There has been a lot of back and forth about whether Air Canada (TSX:AC) is a buy right now. It's basically a gamble. Is Air Canada a good stock to buy today? View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. What does that mean? that is not cheap, No they might go bankrupt, new company formed and you get nothing, New comments cannot be posted and votes cannot be cast, More posts from the PersonalFinanceCanada community, Continue browsing in r/PersonalFinanceCanada, Press J to jump to the feed. You could still lose a boat load, but ac won't go under. Many of them are going bankrupt, we just don’t know which ones. Air Canada is not a good buy right now. 23 analysts recommended to SELL the stock. Fourth, if the crisis persists, the Canadian government may have to bail out Air Canada, again. At the time of writing, Air Canada stock trades at $17 compared to $15.50 a few days ago and $50 before the pandemic. Bailouts are either hugely dilutive to stockholders, or stockholders lose all their equity, as debt holders take hold of the corporation’s assets. In the last year, 40 stock analysts published opinions about AC-T. 13 analysts recommended to BUY the stock. By John Divine and Mark Reeth Jan. 27, 2021 By John Divine and Mark Reeth Jan. 27, 2021, at 1:19 p.m. AC has one of the best CEO and balance sheet out there tho. I think it is likely to fall and get bailed out. This is a company that literally can't go bankrupt. Air Canada (ACDVF) is a leading airlines business based in the US. Profit taking played a part of the story, and some pundits might think Air Canada is now a cheap stock, given that the stock soared from $15 to $27.50 in just four weeks. You will never buy AC After the Financial Crisis of 2008, Air Canada stock was sitting at about a dollar a share. I'm thinking it could rebound a lot quick after this settles since they are a primary airline in Canada and people need to fly . Granted, the stock is at lows not seen since 2017. In 2020, before the Corona Virus, the stock peaked to 51 dollars per share. Would that not mean my shares are back is business when that happens? Waiting for more dips to reload at $40-42. The shares might look cheap , but contrarian investors should be careful. In the end stocks is gambling. Air Canada (ACDVF) is a leading airlines business based in the US. However, it has miraculously turned around and generated tremendous value for its shareholders. Or perhaps they get taken over for pennies on the dollar or they take on a huge loan like AA did and that drags on their stock even as things recover? It's probably a great long term buy. Is it a good time to buy? Is Dynavax Technologies Stock a Buy? Is there a reason it was so low for the few years before that? Even with a terrible chart, Air Canada (Air Canada Stock Quote, Chart, News TSX:AC) stock should be one to avoid —and not just because of further coronavirus fears. If you can tolerate some short-term volatility, Air Canada stock is a buy now. Questions regarding individual companies, ETFs, Tax implications, Index Investing, and more... No. This aside, the recent economic data have disappointed so I would personally stir away from highly cyclical airlines sector. Why, exactly? air canada stock is down a lot recently. It opened the day at USD$20.5 after a previous close of USD$20.75. Here are a few pros and cons when evaluating if MSFT stock is a good buy. Get daily stock ideas top-performing Wall Street analysts. I'm in no way advocating buying it, but having worked there long ago, the government will prop them up no matter what. If you’re thinking of buying Air Canada stock or other airline stocks, think again. And a second question, where does one find out about ETF's for a particular industry? Sametime cooperations brought AC new share issue at $24. Do you really expect the current situation to hold for at least a year? https://www.marketbeat.com/slideshows/10-canadian-growth-stocks-to-buy-now For penny stocks, please visit: r/canadapennystocks, Press J to jump to the feed. What is the symbol for an airline ETF? They service routes that no one else does, and are literally required to do so. If you're looking to buy because of the global impact of the corona virus, I would wait a little longer as other air lines continue to restrict access and airports to up vetting measures. Practically worthless. Had you put in 1000 dollars you’d walk away with $51k (with amazing timing. Agreed this is like the opposite of weedstocks in 2018. I'm not giving advice. Air Canada shares (ACDVF.US) are listed on the OTCQX (a marketplace for buying and selling "over the counter" stocks which aren't listed on a formal stock exchange) and all prices are listed in US Dollars. They just announced huge temp layoffs for their flight attendants, and they are unionized CUPE. Air Canada employs 0 staff and has a trailing 12-month revenue of around $4.7 billion. Own Air Canada stock in just a few minutes. Stock analysis for Air Canada (AC:Toronto) including stock price, stock chart, company news, key statistics, fundamentals and company profile. This is a company that literally can't go bankrupt. If Corona Virus gets out of hand and even more flights are canceled for a month or so then airlines can easily see their entire 2020 profits dissapear or worse. Symbol: AC 10-year total return: 3,680% If you had invested $10,000 it would be worth $378,000 Investors who bought Air Canada's stock in 2010 and held onto it should be sending Chief Executive Officer Calin Rovinescu a thank-you card. If you're looking to buy because of the global impact of the corona virus, I would wait a little longer as other air lines continue to restrict access and airports to up vetting measures. So, the stock is very cheap relative to its high potential future growth. I wouldn't put anymore than 5% of your total money down just in case. Investing in Air Canada stock is speculation at best Read the latest stock experts' ratings for Air Canada. I have about $2101 into it air canada @19.36 with 108 shares. They’re high-risk investments now. It's the up to you if you think the risk is priced in enough. That’s over 5000% returns on your money in 12 years. It's never a good idea to raise cash from a position of weakness, after all. Corona has flights cancelled for at least another month, and many countries are putting in travel bans for folks who have been to China recently. Should I buy more at the price it is or sell it and buy at 14.62 with loss of $522 but 107 shares and possibility to buy more cheaper. You could if you really want, buy a handful now and continue to buy more as it sinks and stop when you think things are beginning to rebound to do some dollar cost average, but i believe things are going to sink before it … Now let's get to my list of the best 21 stocks to buy for 2021, from smallest market cap coming into 2021 to largest, followed by the summary buy thesis for each one. The Air Canada stock will take long to reclaim its investment-grade status. I wouldn't be surprised to see lower growth from the stock until the bail out is paid back, which could be a decade. The euphoria surrounding the vaccine is wearing off now, and the momentum it built up for the stock is now moving in the wrong direction. Is Air Canada a buy or a sell? As they say: “A little knowledge is a dangerous thing.“ I’d consider it the same as playing roulette and putting all my money on red. Who's to say AC doesn't just go bankrupt and fail? Am i wrong in thinking so ? What caused it to spike so much through 2017-2019? Is Air Canada a good stock to buy today? The latest price was USD$21.0601 (25 minute delay). I think it’s probably a decent time to buy stocks in general, but I wouldn’t get within a 1.5m social distance from airline stocks. With Warren Buffet stating he sold his US Airline Stocks, many investors are asking if Air Canada stock (AC.TO/ACDFV) which has crashed by well over 60 percent in 2020 is a buy in 2020? Air Canada (TSX:AC)(TSX:AC.B) stock is a Canadian success story.The airline almost went bankrupt and traded below $1 per share about 11 years ago. During the day the price has varied from a low of USD$20.5 to a high of USD$21.4. Keep watching guys. Stock Ideas and Recommendations. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Air Canada is an airlines business based in the US. 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