Canadian Helicopters – earning and price increase

This week CHL reported major earning increases. The reported earnings were in line with our estimates. Our target valuation was from 31 to 41 per share.

With recent news, the price went up to 31 (at the time of writing – march 29th). Regarding unsure future concerning military contracts, I think the low end of the valuation is more like it.  I’ve liquidated the position for a comfortable gain of 22% in a month.

Disclosure : None anymore.

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Posted in CHL-A

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