CHR(Chorus Aviation) Short Term Investing 1
Updated
I estimate that CHR share will reach a value of 3.5+- Canadian Dollar within one year (3-12 months), this is a increase of 35%+-
Stop loss is around 2.25 CAD
Despite the last quarter earnings release being negative, which is the biggest cause for the share dropping to a 2.36 low, the company still looks healthy, the liquidity still good enough (filled my order with 10 seconds just 0.01 above current market price) and debt still firmly managed.
I guess there are certain factors that need to be considered, I personally do not know the lifetime of planes in Chorus Aviation's fleet, I will do some research if the lifecycle of these planes are not nearing end of service, could be a red flag but otherwise I see no reason why this share won't reach at least 3.50 CAD.
Also at this point its the most deviated from the SP500 trend, very deviated, a reversion might occur.
Book value is more than twice current market value.
Long-term debt to total equity has decreased in the last 3 years and is better than the industry average.
Income covers debt payments.
Profit margin in the green.
Analysts are on average estimating that the share will hit above 4 CAD, the low estimate is 3.3+- CAD
I have bought 2000 shares at 2.64 CAD, that is 3000-4000 dollars, will attempt to hold for one year.
We have a nice double bottom forming.
Share might be oversold.
USA interest rate hikes likely to only increase minimally or slowly from this point if it does increase.
Might just leave money even if stock price goes lower than 2.25 CAD, just shift holding term to 3-5 years
Stop loss is around 2.25 CAD
Despite the last quarter earnings release being negative, which is the biggest cause for the share dropping to a 2.36 low, the company still looks healthy, the liquidity still good enough (filled my order with 10 seconds just 0.01 above current market price) and debt still firmly managed.
I guess there are certain factors that need to be considered, I personally do not know the lifetime of planes in Chorus Aviation's fleet, I will do some research if the lifecycle of these planes are not nearing end of service, could be a red flag but otherwise I see no reason why this share won't reach at least 3.50 CAD.
Also at this point its the most deviated from the SP500 trend, very deviated, a reversion might occur.
Book value is more than twice current market value.
Long-term debt to total equity has decreased in the last 3 years and is better than the industry average.
Income covers debt payments.
Profit margin in the green.
Analysts are on average estimating that the share will hit above 4 CAD, the low estimate is 3.3+- CAD
I have bought 2000 shares at 2.64 CAD, that is 3000-4000 dollars, will attempt to hold for one year.
We have a nice double bottom forming.
Share might be oversold.
USA interest rate hikes likely to only increase minimally or slowly from this point if it does increase.
Might just leave money even if stock price goes lower than 2.25 CAD, just shift holding term to 3-5 years
Trade active
adjusted/reduced take profit to 3.15 CADwill close 90% of position at this price, I have decided to reduce the amount of money allocated to all of the small-cap companies in my portfolio
Trade active
want to exit position early, will sell 1600 shares at 2.70+-, the rest I will hold for a year or so still (that is 400 shares remaining)Trade closed manually
closed at 2.26Took a loss of about 850 CAD
Loss was mitigated with closing ACO.X position with a profit of 950 CAD
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