To be sure, the fall in the stock, is part of the larger sell off that is taking place on North American markets Monday, including the 700 plus point drop in the S&P/TSX Composite through 2 p.m.
Versant Partners analyst Cameron Doerkson thinks it may also have something to do with its tight relationship with Air Canada (GM:AIDIF).
Mr. Doerkson wrote in a note to clients:
While Jazz’s financial position remains secure and we believe that the distribution remains safe, at least in the near-term, we suspect that the perceived liquidity issues for Air Canada will continue to weigh on the unit price.
Jazz shares have fallen more than 62% from C$8.21 in February to C$3.06 on Nov. 20. Mr. Doerkson lowered his price target from C$5.50 to C$4 and lowered his "buy" recommendation to "neutral."