Cargojet: Valuation Fully Reset

News Snapshot:

Matheus Obst/iStock Editorial via Getty Images Cargojet (TSX:CJT:CA) is a freight operator in Canada with 40 planes in service. The company had been a major underperformer in 2023, but had a great run at the end of the year with interest rate cuts expected for 2024. The company has been battered on headwinds relating to e-commerce and spending moving from goods to services. However, long term tailwinds are in place that benefit the company, and the valuation is at a very depressed level. That makes the shares interesting for anyone seeing a soft landing in the cards, with much of...