Guest rozar s'macco Posted June 4, 2012 Share Posted June 4, 2012 David Legge, Senior VP Operations at Air Canada has just bought 44,000 shares of ac.b with his own money.http://canadianinsider.com/node/7?menu_tickersearch=ac.bInsider buying is usually viewed as a positive sign for shareholders however this might be taken with a grain of salt because David Legge is also a pilot. When the CFO and CEO start using their own money to purchase shares on the open market then I will get excited. Or rather, should I be scared because as has been proven at AC time and again, what is good for shareholders is rarely good for employees. I cynically take this as an expression of confidence in AC being handed the outcome they desire by arbitrator Stanley and the Conservatives.Must be nice to have $40K lying around to speculate on airline stock but hey I guess if you make over $1M/year then its a bit easier to come by. Link to comment Share on other sites More sharing options...
dagger Posted June 4, 2012 Share Posted June 4, 2012 David Legge, Senior VP Operations at Air Canada has just bought 44,000 shares of ac.b with his own money.http://canadianinsid...ckersearch=ac.bInsider buying is usually viewed as a positive sign for shareholders however this might be taken with a grain of salt because David Legge is also a pilot. When the CFO and CEO start using their own money to purchase shares on the open market then I will get excited. Or rather, should I be scared because as has been proven at AC time and again, what is good for shareholders is rarely good for employees. I cynically take this as an expression of confidence in AC being handed the outcome they desire by arbitrator Stanley and the Conservatives.Must be nice to have $40K lying around to speculate on airline stock but hey I guess if you make over $1M/year then its a bit easier to come by.Well, if crude keeps falling faster than the Canadian dollar and loads/yields remain decent, Air Canada's middle quarters should be reasonably positive. The question is whether the C$ catches up with oil, or whether oil keeps heading lower faster.In the first quarter, spot jet averaged about C$3.20 per US GallonToday, after a tremendous decline in May, spot jet is about C$2.86 per US GallonThese graphs show just how much jet prices around the world have declined, and how fast.http://www.platts.com/JetFuelI think the airlines would be thrilled if jet and the dollar decline in equal measures from here on in, so long as the C$ doesn't break 90 cents US, but then again, at 90 cents US, which is really 88 US cents to the C$ on a credit charge, some of those people driving south to fly are going to see disadvantage in doing that and either not fly or fly from a Canadian airport.Right now, even the Euro has rallied a bit against the C$... Link to comment Share on other sites More sharing options...
Fido Posted June 4, 2012 Share Posted June 4, 2012 Right now, even the Euro has rallied a bit against the C$...It has ?????http://www.x-rates.com/d/CAD/EUR/graph120.html Link to comment Share on other sites More sharing options...
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