Current as of September 5, 2020.© 2020 The Motley Fool Canada, ULC. Air Canada (TSX:AC)(TSX:AC.B) is one of the two stocks which growth-hungry investors should consider to buy in September. Air Canada (TSX:AC)(TSX:AC.B) stock has soared this year, returning 73%. Transat A.T. Inc. shareholders approved Air Canada’s offer to buy the company on Friday Aug. 23, 2019. Air Transat has an enterprise value of $1.005 billion, which represents the theoretical price a buyer would pay for all Air Transat outstanding shares plus its debt. The company has more than enough cash on hand to cover its short-term debt obligations, which is a good sign for investors as it reduces the company’s dependence on credit facilities.Overall revenues are up slightly to $2.937 billion from $2.849 billion the prior year (+3%) driven by a $61 million increase in revenues from transatlantic flights. Know the deductions and tax credits available to lighten your financial burden in 2020. On the Toronto Stock Exchange, shares of the parent company of Air Transat, gained 48 per cent, or $2.62, to $8.29 at the close of trading. Making matters worse, a crash in Argentina’s peso... Returns since inception, October 2013. With an increase in operating expenses, the company reported a pre-tax net loss of $39 million, down from a pre-tax net income of $5 million in 2018.The company’s cash flow statement is relatively unchanged year over year but it should be noted that capital expenditure spending is down from $119 million to $92 million.

Should it be added to your TFSA or RRSP? Entering into 2020, Air Canada (TSX:AC) planned to grow its international services with the acquisition of Transat AT (TSX:TRZ). Its core business consists of a tour operator based in Canada, which is vertically integrated with its other services of air transportation, distribution through a dynamic travel agency network, value-added services at travel destinations, and accommodations.The company reports a market capitalization of $604 million with a 52-week high of $17 and a 52-week low of $4.50.Based on my calculations, using a discounted cash flow valuation model, I determined that Air Transat has an intrinsic value of $26.65 per share.Assuming less-than-average industry growth, the intrinsic value would be $25.49 per share, and higher-than-average industry growth would result in an intrinsic value of $27.95 per share.Air Transat has an enterprise value of $1.005 billion, which represents the theoretical price a buyer would pay for all Air Transat outstanding shares plus its debt.
Building a million dollar RRSP might be difficult, but it’s not impossible even if you start at 40. But the stock stalled in August. Air Canada’s offer of $18 per share is a material premium.Air Transat reports a solid balance sheet with positive retained earnings coupled with a cash balance in excess of $550 million.

Air Canada (TSX:AC)(TSX:AC.B) will become an even bigger player in the industry if its deal to acquire Transat AT Inc. (TSX:TRZ) is approved, and that could have a significant impact on competition. Stock analysis for Transat AT Inc (TRZ:Toronto) including stock price, stock chart, company news, key statistics, fundamentals and company profile. Air Canada (TSX:AC)(TSX:AC.B) is one of the two stocks which growth-hungry investors should consider to buy in September. Play it smart and invest in... All rights reserved. All rights reserved. The wave of temporary layoffs is also... 16, 2019 at 4:19 p.m. Are shareholders of Air Transat getting a good deal from Air Canada? The CRA is busy as a bee these days helping taxpayers with tax breaks and wage subsidies.


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