Load factors 75%+ this is absolutely huge improvement. This baby will double heading into world cup.
Buy now last chance.
Stock will be $1.50 instantly .
WTI which is what GOL benchmarks its hedging with was down FAR MORE than the $R vs USD. The Bovespa down 1200 points today for really no reason on thin volume. Lots of buyers in GOL. Good volume, good support. Once the $4 calls for January go away this thing is up and away to $6-7 by May.
WHEN IT TRADES 800,000/day??
A- THEY CAN'T
THE AVERAGE SHORT POSITION HAS BEEN MORE LIKE 2-4,000,000 SHARES HISTORICALLY
LOOK AT SHORTS GETTING JAMMED RIGHT NOW....
$20b will be spent in Brazil for world cup; half that on airfare. Huge opportunity ahead!
tickets are going for $7000 reg $500
have fun finding the stock to cover fools ;-)
Most of yesterdays drop erased - this will be $5+ soon
same thing will happen here yet brasil is in FAR better shape with current account surplus.
look at spain auctioning record low bond yields this week.
brasil way overdone. Be careful with this due to PBR; it is a govt piggy bank. Buy GOL and TAM for world cup. GOL a gift today....
45 min flight from RIO to SP going for $1600 one way. Unreal.
Downgrading this company based on macroeconomic factors is irresponsible as many airlines rallied 1-2-300% in the US right off the bottom in 2008-9, albeit volatile. GOL has the most cash EVER in its history AND a $1 BILLION USD lever it can pull in Smiles if ever needed. Meanwhile, corporate conditions are improving rapidly in the face of a dastardly Brazilian communist-like capital system.
Sans a collapse of Brazil, this stock is a double from here over the next 1-2 years easily.
First of all, nothing comes up when googling that. The most recent report I have is from 11/13 which is a top idea and $9 PT. Bob was silent on the call yesterday
I have made an incredible amount of $$ in this sector based on capacity cuts. I too would agree this is HIGHLY suspicious movement and analyst action given the gigantic short position. I also cannot figure out why Parker has been so smug with his comments and analysis of GOL vs competitors. He's a downright #$%$ on the calls he's on.
I think the stock is getting pounded today due to an article floating around that the brasilian govt is going to fine airlines up to $1.4 MILLION per flight during the world cup if flights are delayed more than 4 hours regardless of weather or airport congestion which is almost communist.
My biggest concern with this investment is Gilesi Hoffmann who has it out for capitalism in general (she is the PM of Brasil). Anyhow, The cash and equivalents @ GOL is underestimated as they have a $1 billion equity stake in Smiles and also $1.28 billion of USD cash which $700m is hedged currently. In otherwords, with very small net operating losses/gains forecast across the board this year, very little in the way of cash should be burned up and the opportunity becomes limited to the downside with quite a bit of upside.
Bob Mcadoo made me rich in AAMRQ, RJET and this will do the same eventually. Even the Raymond James analyst states clearly no liquidity concerns on the horizon. This downgrade is downright suspicious.
Oh, the reais v USD is getting whacked today too. Their is alot of technical overhead @ $11.50 R which is where the stock stalled out in brasil. Give it some time and buy these 8-10% dips....
goto the corporate website was just released. There will be a conference call tomorrow to discuss this and several other world cup related items @ 9a EST.
Shorts are absolutely screwed.
I found the headline and date. "Still" top idea. I can't figure out why even put the "still" in the headline. Why wouldn't it be??
do you have a link to this I just have the Nov 14 report with same info.
James Parker is an absolute idiot. He has missed so many layups its unreal.
Interesting, after the RJ downgrade, the target went up a few pennies to $5.96. I noticed the LOW target went from $3.40 to $4.60 too....this is certainly a change of opinion from someone. You can clearly see the Imperial high target @ $9....
Buying here offers significant upside. The winds of change will sweep through the Brasilian market not too long from now. It has done nothing but go straight down since 2010, this will stop at some point. There is no denying that GOL has done EVERYTHING right. The spinoff of Smiles was genius timing; IPO market closed since then. They have $1.3 billion USD of CASH on balance sheet, $700 million is hedged, another $1 billion plus in Smiles equity, which I might add is trading very near an all time high. If they ever chose to raise some cash to pay down debt, they could sell 10-20% of the Smiles stake. Of course, EBIT and EPS should be positive going forward barring a catastrophe, so really, the $1.3 billion should remain largely unchanged the next year or two.
I like to think of GOL as the little airline that could; really, they have the lowest unit costs of any airline in the Americas; even lower than Spirit. Someday, the $R will go back to normal levels and fuel costs will come in a bit. When it happens, GOL could see 7-14% gross margins again and this could easily be a $9-15 stock (has been $30+)
patience is key and this 10%+ correction on absolutely nothing more than an analyst move is WAY overdone.