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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...

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