by Dr. Bart DiLiddo
Friday, 01/26/2007
While flying to the Toronto Financial Forum last Wednesday, I was pleasantly surprised to see an article in the Wall Street Journal entitled, "The Canada Airline You'll Soon Know." It said, "WestJet Airlines Ltd., may be the best airline stock you've never heard of."
Sure enough, there it was in VectorVest Canada with a solid set of fundamentals and a VST of 1.36. Although it had an "H" rating as of Tuesday, 01/23/07, it got a "B" rating on Wednesday as a result of a 78 cent pop due to the WSJ article. Its history file showed a string of B's dating back to October 5, 2006, during which time its Price had gone from $10.88 per share to $14.91 per share as of Thursday night. Not bad, but its Value of $26.50 per share indicates that there's considerable room to go higher.
The WSJ article told of how the company's business model had been patterned after discounters Southwest Airlines and JetBlue Airways and how Mr. David Neeleman, who launched JetBlue Airlines helped form the WestJet Airlines. The company was founded in 1994 and currently has a 30% share of Canada's domestic market compared to Air Canada's 60%. It has a cost structure which is "significantly lower" than Air Canada's.
I report this story to you because WestJet Airlines is simply another example of the many interesting, successful companies featured in VectorVest Canada. As for me, I wish I could tell you more about the many exciting stocks I have discovered by using this product. As for our Canadian customers, several of them stopped by our booth yesterday and openly expressed their praise and enthusiasm for VectorVest Canada. I thank them sincerely for their support. I'm extremely proud of VectorVest Canada and I am pleased that our foray into the Canadian market is off to A Good Start.
Special Note: The information cited in this overview was taken from VectorVest Canada.
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