Tag Archives: JAZ.UN

Good Run Jazzy

10 Nov

Jazz Air Income Fund (Jazz Air) (Halifax) reported net income of C$19.1 million in the third quarter. This net income of C$19.1 million compares to a larger C$25.3 million net profit in 2009, a decrease of C$6.2 million or 24.6%.

Earnings fell for Jazz Airlines due to the higher Canadian dollar as well.  With the small revenues they are generating compared to other airlines, I do not see a good forseeable continuation for growth in the already suffering industry of aviation.  After the release of earnings, JAZ.UN dropped a good 20%.  So I opted to step off the plane and let it fly off into the distance.

I originally bought JAZ.UN for 300 @ $2.75 when it was paying a monthly distribution of 8 cents.  That was short lived as they couldn’t sustain that distribution.  They lowered it to 5 cents, but they kept on paying it out every month.  Today, I sold out at $5.15, a 80% gain plus all the distributions I’ve collected over the past year and a bit. 

Good run Jazzy.  I still like you.

Top Three Winners and Losers

9 Jul

My successes have also been hindered with failures.  Highlighting my current winner and loser holdings as of July 9th:

  1. GQ $2050 +547%         /     BGEM ($390) -62% 
  2. JAZ.UN $409 +48%    /      NOT ($2087) -40%
  3. SBUX $1248 +33%      /      NM ($393) -25%