When you linking your Twitter Account Market Wire News Trending Stocks news and your Portfolio Stocks News will automatically tweet from your Twitter account.
Be alerted of any news about your stocks and see what other stocks are trending.
CA - Chorus Aviation: Business Transformation Struggles And Investor Disappointment Persist
CA Inc.
2024-06-24 01:33:19 ET
Summary
Chorus Aviation's business transformation progress has been disappointing, with margin contraction and declining operating income and net income.
The company's pivot towards an asset-light model has not been successful, with delayed Fund III closure and lack of sustainable growth.
Despite potential improvements in returns on invested capital, Chorus Aviation's underperformance compared to the market and lack of validation for the business case make it not a buy.