Wednesday session saw the S&P 500 up 0.1% and Toronto up 0.65%.
AutoCanada jumped 8.2% on the news that I mentioned in my previous post. I think management here is strong and aggressive in pursuing profits and improvement. But the high debt is a definite risk.
TFI International was up another 3.8%. This is a company that has just gone from strength to strength over the years and has been superbly managed in a tough industry. Occasional pull-backs in the price have been great buying opportunities. A great long term hold.
Today is a travel day for me. Cape Breton to Edmonton. I’m scheduled through two airports and it could be a long day. I actually have a lot of sympathy for Airlines. It is a very tough and often unprofitable industry. The logistics and connections that have to happen are complicated even in good weather. Bad weather usually wreaks havoc. Passengers opt for the cheapest possible fares in most cases and are usually unforgiving of delays. And passengers wonder why the seating is so crammed. They voted for that with their wallet.