OK. But my comment was did Canadian government had inside knowledge for selling its stake? And then AC share drops? Lets forget kidding part if that really happens can Government be investigated for insider trading? really I want to know.xgbsSS wrote: ↑ It's traders wanting short terms gains and then selling off, triggering stop losses.
The numbers AC released in guidance IMO are purposely vague and conservative here. Not guided in 2024, however it has been fairly strong. A large amount of future cashflow is earmarked for investments as per their presentation.
I think there are some legit concerns around the strategy though as there are risks in pulling it off and reduced guidance on free cash is not confidence boosting to investors looking at that as the cushion. The liability guidance for the future is maintain net debt under x2 EBITDA which is double current amounts, but again, upto, doesn't mean they are taking on more debt.
NCIB is still maxing out with nearly 15 million shares already bought as of last Friday and since announcing this in November getting over 1/3 of the maximum for the year. The guidance is showing target in the future to having less than 300 million outstanding shares which is also a positive.
The short to mid term outlook for AC is still very positive and shares still have room to grow in my opinion. Today's sell off is overdone, but is technically good for the NCIB haha.
Happiness is right there! You’re just busy to notice it😂
Be careful following the masses. Sometimes the 'M' is silent.
Be careful following the masses. Sometimes the 'M' is silent.
