On the watchy, though there is renewed fear in interest rate hikes and CHCs portfolio is also approx. 30% commercial real-estate. They also have some very interesting other assets such as petrol stations, tech and data warehouses. Very interested in the company, however think the time to buy is on first rate cut. If rates keep going up the bottom not in on this one. They were also quite aggressive in acquisitions lately so could be quite leveraged up, will have to check. Commercial real-estate also not as dire in Syd/ Australia as it is overseas however still a concern and not sure what can be done with it. For example most commercial real-estate is not suitable to be turned into residential as no internal light/windows.
CHC Price at posting:
$8.66 Sentiment: Hold Disclosure: Not Held
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