... help Reddit App Reddit coins Reddit premium Reddit gifts. Cargojet will operate two Amazon-owned aircraft as part of the Amazon Air network on a CMI basis within Canada starting mid 2021. I know this is just one part of the story, so if anyone could shed some insight on the valuation it would be much appreciated. Cargojet's Virmani, meantime, said he's focused on redeploying his company's fleet to meet Canada’s uneven demand. It gives Cargojet a significant competitive advantage and continues to drive its growth. No, I learned a lesson last year and have decided to move 100% to ETFs. Cargojet. Read More Air Canada has grounded nearly all of their flights meaning they are unable to ship air freight in the bottom of their passenger jets giving cargojet basically a nation-wide monopoly on air freight during the virus. *** SOS has agreed to no ADS sales (3% ownership) for 90 days + can't call $5 warrants unless stock trades over $15 for 10 sessions consecutively, removing fear/overhang of another offering, and in our opinion setting a price floor for the future. Whats I'm saying is that passenger airlines have increasingly been eyeing cargo flying: https://www.bloomberg.com/news/articles/2020-04-16/airlines-given-rules-on-how-to-replace-passengers-with-cargo?srnd=premium-canada. However, its stock has already rallied above this target price. Never make an investment decision without checking a company's financial statements, and never trust what any site says for P/E or any other number without confirming it from the financial statements. **Please note that current stock price was written in the morning premarket and does not reflect intraday changes** AbbVie (ABBV) target raised by SVB Leerink from $140 to $144 at Outperform. Cargojet’s overnight flight network moves over 1,300,000 pounds of cargo every business night, and is relied on by Amazon to transport packages between facilities before delivery to customers. That said, the P/E ratio at 90+ seems insane to me. Air Canada has also converter 3 of their 777s to carry cargo on the top deck - albeit they don't have a cargo door. Toronto-based Rogers is offering $40.50 per share for Shaw, a 69-per-cent premium to where the Calgary-based company’s stock recently traded. 'Fighting 100 mini Mike Tysons': The powerful influence of Reddit trade News • Jan 27, 2021 Stocks fall before Fed decision, Dow sheds 350+ points, or 1.2%, as Boeing slides after quarterly results For penny stocks, please visit: r/canadapennystocks, Press J to jump to the feed. Mr. Vi. Every single publicly traded company has a EPS number. On June 22, Cargojet’s stock settled at $163.68. ... stocks in recent years has pushed the sector past another milestone as it is now more valuable than the entire European stock market, according to Bank of America Global Research. Investors can consider the top tech stock Constellation Software (TSX:CSU) for their long-term investments. Cargojet expects all of its fleet to have fully completed its major regular and heavy maintenance by the end of Q3, 2021. What site are you using? Some investors might even consider the stock to be a proxy for the online shopping boom, all while being insulated from recent global trade tensions since it operates primarily within Canada. Air Canada has grounded nearly all of their flights meaning they are unable to ship air freight in the bottom of their passenger jets giving cargojet basically a nation-wide monopoly on air freight during the virus. Cargojet price target boosted on leading market share Back to video This should allow Cargojet to maintain its 90 per cent market share of the dedicated core overnight segment in Canada, prompting National Bank analyst Umayr Allem to raise his price target to $51 from $43.50. The company's shares opened up more than 20 per cent and were trading up $12.10, or 13.3 per cent, at $102.77 in midday trading on the Toronto Stock Exchange. ... Jim Cramer: My Diamond Hands Are Clapping for Reddit. I will admittedly have to look into this more, but again, I just don't see how Amazon treating their vendors badly has anything to do with their CJT deal. Having successfully raised $365 million, earlier this month, through an equity raise to pay off debt and acquire new aircraft, Cargojet is rapidly moving forward to execute on its growth strategy to… View the latest CJT financial statements, income statements and financial ratios. Investors should note that Cargojet stock has appreciated about 351% in three years, which implies that an investment of $1,000 in Cargojet stock three years back would now be worth $4,510. 1 comment. hide. If you can not see a P/E for some reason, it's because whatever site you are looking at could not scrape the data for some reason. Cargojet Inc. announced a comprehensive plan for its fleet and route expansion to meet domestic and international growth opportunities starting 2021 and beyond. If you google Air Canada stock, it states the P/E as 10.69x. https://www.aircanada.com/ca/en/aco/home/about/investor-relations.html. I don't think P/E is the right way to look at it knowing about this deal just happening. Press question mark to learn the rest of the keyboard shortcuts. Rogers received an irrevocable commitment to the bid from the Shaw family, which holds 79 per cent of the votes at a business founded by cable entrepreneur JR Shaw, Brad Shaw’s father. I've been following Cargojet for a couple weeks, last time I've check it it was at 184$. P/E based off of current earnings or projected earnings? WestJet is also considering cargo only flights with whatever is left of their fleet. For penny stocks, please visit: r/canadapennystocks, Press J to jump to the feed. Discussion would be geared around any investment opportunities a Canadian has access to. Cargojet’s contract with Amazon has brought never before seen volume levels to their business because of everyone ordering on amazon. There is most certainly a P/E and EPS for Air Canada. This TSX share can convert your $ 400 into $ 8,000 . CJT is a great company, but its dog eat dog out there. Looks to be a long term winner and the chart is a beautiful 45 degree angle to the right, which is what every investor loves to see. It has returned close to 112% for this year. Read More If you had invested $69,500 in Cargojet stock in 2012, you would have generated a reserve of more than $1.5 million today. The best way to find out the P/E for any company is to go to the company's own financial statements and look at the income statement. I'm not smarter than the market and will not be able to outperform it consistently, so I've decided to change my strategy and go the ETF route. Cargojet just announced deal with Amazon - any insights into their stock? That said, here's 7 more Reddit stocks out there. This will be the best earnings report they have ever filed due to a number of factors. I'm quite sure CJT wouldn't transport packages for Amazon at a loss just because they are Amazon. We use cookies on our websites for a number of purposes, including analytics and performance, functionality and advertising. Trading over 8x Price to Book. Constellation Software. Quarterly re-negotiated fuel contracts will benefit cargojet given the severe drop in the price of jet fuel over the past 2 months which will improve already sizeable margins. Stock currently around $107. for $20m at $2.05. Financials can usually be found on the company's website ( https://www.aircanada.com/ca/en/aco/home/about/investor-relations.html ) or for some smaller companies you have to go to SEDAR.com. Questions regarding individual companies, ETFs, Tax implications, Index Investing, and more... ... reddit and other social media spaces to evangelize the need for a new space strategy. Foolish takeaway. Redditors targeting silver poised to propel solar-panel costs. 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. Winners: While the company’s stock has risen sharply in the last three months to its all-time high, it doesn’t mean that it can’t inch up further. Revenue and Earnings are expected to hit a new level, and that is already priced in. Seems very over valued either way, but like I said, I haven't had a chance to do a deep dive into the financials yet. This will be the best earnings report they have ever filed due to a number of factors. The company’s stock price has increased to $36.10, up from the $14 range prior to the Canada Post deal in early 2014. Can a publicly traded company simply choose what financial data they provide !? The historic Canadian space company is hoping for a return to the stock market as it targets a $500 million initial IPO. The increased demand for its services amid the surge in e-commerce and healthcare volumes and its impressive second-quarter performance has led to a rise in its stock price. However, Cargojet (TSX:CJT) is an exception; it has delivered close to 60% of returns this year. Annual stock financials by MarketWatch. Good exposure to AMZN boom without buying amazon. 1. Cronos to sell lab-grown pot products in Canada this year: Exec chair. This fact enabled the company to grow in 2020, when most airlines shrank or even lost money. In the US, Southwest has been doing some cargo only flight. ... help Reddit App Reddit coins Reddit premium Reddit … Net income has been rising steadily the last 4 years, though it did drop slightly this year compared to last. Constellation Software: A reliable, high-growth tech play. The CEO of CargoJet is appealing to the government for help as his company ramps up its operations in response to ... Silver miner’s Reddit-fueled surge sets up stock-sale bonanza. The stock has run up to about $2.30 with a bought deal financing announced yesterday (the second one in 4 months!) Reddit is often credited with firms like Rocket and its shares stock soaring then falling. Trailing P/E is around 90, and forward P/E sitting around 66. report. While customers in every province are asking for additional cargo shipments, British Columbia and Alberta’s demand is roughly double the national average, he said. Cargojet expects the agreement to generate additional revenue growth to its earnings and cash flows over time. Ontario-based all-cargo carrier Cargojet (TSX: CJT) announced Monday it raised CA$350.2 million ($268 million) through a stock offer to fund an aggressive fleet expansion. CJT has made me some nice gains over the last year. Renowned Canadian investor Iain Butler just named 10 stocks for Canadians to buy TODAY. The now 57-year-old CEO moved to Canada from Delhi, India in 1975. Press question mark to learn the rest of the keyboard shortcuts, https://www.bloomberg.com/news/articles/2020-04-16/airlines-given-rules-on-how-to-replace-passengers-with-cargo?srnd=premium-canada. Hopefully some people did well on that name and I still believe it is a hold with a price target now raised from my original $2.50-$3 to $3.00-$3.50. The agreement has a four-year term with three successive two-year renewal options. So, I believe the company’s stock price could rise multi-fold in the long run. The company’s shares surged nearly 17 per cent to $106 in early morning trading on Friday on the Toronto Stock Exchange. ... Like if the etf has 20% equity in U.S stocks will I be taxed on that even though I bought the etf on a candain stock exchange (TSX)? Meanwhile, Cargojet (TSX:CJT), an air cargo company, is an exception. You said it yourself the deal with Amazon is a big fucking deal. Not sure how its gonna pan out. So far this year, the airline stocks have lost a significant amount of their stock values amid the pandemic. 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. share. Close. Cargojet Inc. makes a rare appearance on the list of companies with the highest percentage of float sold short. Cargojet CEO Ajay Virmani expects the strong growth in international air cargo to continue in the short to medium term. The cargo airline company has created significant wealth for its shareholders in the last five years by returning over 500%. save. Stock currently around $71 Digital Turbine (APPS) target raised by Maxim Group from $85 to $111 at Buy. CargoJet is not a vendor, they're in the transportation business. On a related note, does anyone know why there is no P/E (EPS value) for AC.TO ? Based on your question, you are a less experienced investor. I'm sure other sites say something for P/E as well. The 10 Best Stocks to Buy This Month. When he arrived, he landed his first job washing windows at the TD Tower in downtown Toronto. Cargojet reports Q1 2020 earnings on Thursday May 7th. These solid profits drove Cargojet stock 15% to its all-time high. Our top stock picks (including Cargojet) are on the list below. This will enable Cargojet to begin international service to select cities in Europe and South-Central and North America starting Q4, 2021 utilizing its existing fleet and add capacity as new freighters come on-line. Shopify, Cargojet among Canada’s big stock winners in year of just 2.2% gain Back to video Here’s a look at some companies that benefited — and those that have suffered this year. Cargojet Inc. Cargojet’s story is in many ways paralleled by Virmani himself. Its monopoly position in the Canadian air freight market allows Cargojet to capture all Canadian e-commerce growth. Cargojet reports Q1 2020 earnings on Thursday May 7th. This stock came on my radar after their recent deal with Amazon. From what I understand about how Amazon operates with vendors they do not leave much profit for the other party, so I don’t see massive upside for CargoJet. Let me know what you guys think, full disclosure I’ve been long on CJT for over a year now. The analysts’ consensus price target for the stock is $139.75. 2. The recent shareholder vote that was approved in court to allow a larger portion of the company to be owned by a non-Canadian firm will allow Amazon to increase their ownership above the 15% they already own. Questions regarding individual companies, ETFs, Tax implications, Index Investing, and more... I will look into it further myself once I have some time, but was hoping someone could just add context to this valuation and maybe start a discussion on this company. Cargojet Its focus on small deliveries means that it gets a lot of orders from e-commerce vendors. Amazon already uses Cargojet… Cargojet recalled all of their planes on international flights to deal with the explosion of demand in the domestic Canadian market. Discussion would be geared around any investment opportunities a Canadian has access to.
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