“I recently bought Air Transat or TRZ.B and Air Canada or AC.B, at $4-4.05 and $1.07-8 respectively. I don’t expect you to run out and buy airlines without detailed reports, but my gut is the airlines are a good contrarian area and can be bought for a small part of one’s portfolio”.

(October 17, 2014 – TRZ.B $8.40, AC.B $7.26)