Wednesday, December 7, 2011

Whither Air Canada

With word that Air Canada is doing a share buyback and AMR, American Airline's corporate parent is filing for bankruptcy (surely not related to Alec Baldwin's antics), one has to wonder what's in store for Air Canada.

When I checked this morning, Air Canada was trading at $1.05 with a measly 291.4 million market cap. Not that long ago, the stock was trading over $3. What's the future of Air Canada and why isn't the media more on this story?

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