After Air Canada's rejection of the takeover offer at $5 per share, Air Transat experienced slight turbulence and cratered around 20% this morning. Is that a buying opportunity?
Comment
⋅
Looking at today's close with a hammer candle, there seems to be demand in $4.40 - $4.50 range
Unsure ... there are some reports that many investors wish to take over the company (notably Videotron but also others (nfi)) ... the quebec government may also get involved to guarantee its survival ... unsure if this is worth it though ... maybe put 100$ and see if it pays ! lol
learn2trade
⋅
@Lord_Vader51, I guess you are right.. this is truly speculative at the moment. To turn this company (and the stock) around a solid investor should materialize