AC soars, WJ nosedives
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Re: AC soars, WJ nosedives
RookiePilot. I'll say again.
Air Canada Debt: $6,063,000,000
WestJet Debt: $627,000,000
WestJet reported a loss of $20.8-million after 13 years.
Air Canada reported a loss of $77-million.
Putting giant pie charts up on here doesn't make it profitable.
AC has too much overhead.
Air Canada Debt: $6,063,000,000
WestJet Debt: $627,000,000
WestJet reported a loss of $20.8-million after 13 years.
Air Canada reported a loss of $77-million.
Putting giant pie charts up on here doesn't make it profitable.
AC has too much overhead.
Re: AC soars, WJ nosedives
I wonder what the price of a barrel of oil has to reach to make those old Rouge 767 unprofitable...
Re: AC soars, WJ nosedives
Probably the same price that will make WestJet’s old 767s unprofitable.
- rookiepilot
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Re: AC soars, WJ nosedives
Not sure why you're addressing me. Not a fan of airline stocks, in general.privateer wrote: ↑Mon Sep 03, 2018 7:00 pm RookiePilot. I'll say again.
Air Canada Debt: $6,063,000,000
WestJet Debt: $627,000,000
WestJet reported a loss of $20.8-million after 13 years.
Air Canada reported a loss of $77-million.
Putting giant pie charts up on here doesn't make it profitable.
AC has too much overhead.
That said I think WJ's management is completely confused in its vision.
Hence the stock is getting totally hammered.
Re: AC soars, WJ nosedives
Never ceases to amaze me how many pilots seem to believe they’re financial experts. Just because you’re a pilot, doesn’t mean you have any real clue about the financials of where you work or where other people work. Have your opinion, others will have theirs, life goes on. If pilots spent half as much time working together as they do bickering amongst each other, everyone would be much farther ahead.
Re: AC soars, WJ nosedives
LOL.privateer wrote: ↑Mon Sep 03, 2018 7:00 pm RookiePilot. I'll say again.
Air Canada Debt: $6,063,000,000
WestJet Debt: $627,000,000
WestJet reported a loss of $20.8-million after 13 years.
Air Canada reported a loss of $77-million.
Putting giant pie charts up on here doesn't make it profitable.
AC has too much overhead.
You see!
Your thinking is 10+ years ago.
The past is that... what are your doing tomorrow, next year.
Re: AC soars, WJ nosedives
I wouldn't call myself a financial expert, but one thing I do know, after identifying errors in thw banks generic retirement software, is that I know more than the last 2 financial "advisors" that my bank has assigned to me.Kaykay wrote: ↑Mon Sep 03, 2018 7:50 pm Never ceases to amaze me how many pilots seem to believe they’re financial experts. Just because you’re a pilot, doesn’t mean you have any real clue about the financials of where you work or where other people work. Have your opinion, others will have theirs, life goes on. If pilots spent half as much time working together as they do bickering amongst each other, everyone would be much farther ahead.
Re: AC soars, WJ nosedives
+1 Bede... useless.
Of interest is Financial "Advisor" vs. "Adviser" vs. "Planner"...
Anyone in Canada can call themselves a "Financial Advisor"... and they don't have a fiduciary duty to represent your interests.
The term "Adviser" is specifically regulated by securities commissions... The term "Planner" is regulated in Quebec only I believe.
Bottom line is the people who help you at The Bank, work for... The Bank... not you.
I learned after 15 or 20 years of financial underperformance that nobody cares about my money like I do... certainly not The Bank, certainly not the independent Advisor that sold me mutual funds, or the life insurance guy... somewhat thankfully it was relatively small amounts...
Of interest is Financial "Advisor" vs. "Adviser" vs. "Planner"...
Anyone in Canada can call themselves a "Financial Advisor"... and they don't have a fiduciary duty to represent your interests.
The term "Adviser" is specifically regulated by securities commissions... The term "Planner" is regulated in Quebec only I believe.
Bottom line is the people who help you at The Bank, work for... The Bank... not you.
I learned after 15 or 20 years of financial underperformance that nobody cares about my money like I do... certainly not The Bank, certainly not the independent Advisor that sold me mutual funds, or the life insurance guy... somewhat thankfully it was relatively small amounts...
- rookiepilot
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Re: AC soars, WJ nosedives
Movie "Wall Street". Martin Sheen: "Son, you are asking strangers for money -- you're a salesperson".
Very true.
My new 6 month old puppy knows more about risk management than 99% of advisors out there.
- rookiepilot
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Re: AC soars, WJ nosedives
Balance sheet items as discussed above are taught in the first week of a 1st year University level business class. Reading them is unbelievably far away from being a expert.Kaykay wrote: ↑Mon Sep 03, 2018 7:50 pm Never ceases to amaze me how many pilots seem to believe they’re financial experts. Just because you’re a pilot, doesn’t mean you have any real clue about the financials of where you work or where other people work. Have your opinion, others will have theirs, life goes on. If pilots spent half as much time working together as they do bickering amongst each other, everyone would be much farther ahead.