Pine Research & Trading
Long/short equity, special situations, arbitrage, options

Hallelujah! Chorus Aviation Provides An Attractive Yield With A Margin Of Safety

(Editor's Note: Investors should be aware that shares of CHRVF trade with limited liquidity. Chorus Aviation's listing of CHR.B on the Toronto Stock Exchange offers better liquidity.)

Chorus Aviation (OTC:CHRVF) turns boring into exciting. Chorus is a holding company whose major interest is the airline Jazz Aviation. Jazz has an agreement with Air Canada to fly their shorter hops and less busy routes under the name Air Canada Express. Jazz operates under a cost-plus arrangement that targets a profit margin and includes a revenue floor. That makes Chorus an outlier in the airline sector because it is boring-ly profitable. Even better is that it offers an extremely attractive yield and a conservative valuation.

Chorus is attractively valued and...

Join Seeking Alpha PRO to read this archived article and 11,574 other archived articles
IDEA GENERATORXExclusive access to 10 PRO ideas every day
INVESTING IDEAS LIBRARYXExclusive access to PRO library of more than 15,000 ideas
SECTOR EXPERT NETWORKXExclusive access to all sector experts for direct consultation
PERFORMANCE TRACKINGXTrack performance of all PRO stock ideas
PROFESSIONAL TOOLSXProfessional Idea Filters to zero-in based on industry, market cap and more
"In just the first month of using PRO, I used it to generate two ideas which were actionable for me. As a result of these two positions, I have earned more than 20 times the annual subscription costs for PRO."Michael Yagemann, Greenbridge Capital
"I am pleasantly surprised with the scope of small and mid-cap coverage PRO offers. You can't find that any where else."Patrick Rice, Mainstay Capital Management
You may cancel at any time for any reason, and receive a prompt refund for membership on months paid and not used (max. 6 months). Details