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Strategies & Market Trends : Dino's Bar & Grill

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To: Goose94 who wrote (142237)	2/10/2023 5:31:21 PM
From: Goose94	Read Replies (1) of 202121

Air Canada (AC-T) top pick from Bruce Murray on BNN.ca Market Call Friday February 10th @ 1200ET Revenue dropped by two-thirds in 2020 and 2021 from 2019 levels. We are looking for recovery to prior levels this year and 5-10 per cent growth per annum beyond that. The stock was over $50 just before the pandemic and we look for operating income to recover and exceed 2019 levels. Debt levels though grew by $7 billion up over 50 per cent to fund pandemic losses. Cash flow has turned positive and debt stabilizing, and we look for this to gradually improve and believe the stock can approach $30.

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