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Cargojet

Buy Cargojet stocks

CARGOJET (CJT) Stocks

ABOUT CARGOJET

Cargojet Inc., an overnight air-cargo services company, was founded in 2002 and has its headquarters in Mississauga in Canada. The company operates a domestic overnight air-cargo co-load network between more than 10 Canadian cities. It provides aircraft to customers on an aircraft, crew, maintenance and insurance (ACMI) basis.

Cargojet Inc. was established as Canada 3000 Cargo in February 2002 and began operations in June 2002. It rebranded as Cargojet Inc. in February 2002. Shortly after, it acquired Winnport Logistics. The airline acquired Georgina Express’ cargo operation in 2007. It is a regional operation that functions under the name Cargojet Regional.

In May 2019, the airline announced that Canadian rapper, Drake, has been appointed as ambassador to the brand. He was given the use of a custom Boeing 767 commercial airliner that has been converted for the rapper’s private use. The airline’s main base is John C. Munro Hamilton International Airport. The company’s parent organization is Flagship International Marketing Limited.

Today, it employs about 800 people across its operations.

OVERVIEW OF CARGOJET

  • Cargojet Inc. is a provider of time-sensitive overnight air-cargo services. Apart from its domestic services, the company also operates scheduled international routes for cargo customers between the United States and Bermuda, and between Canada and Europe.

  • It further provides aircraft on an ad-hoc charter basis between points in Canada, the US and various international destinations.

  • Cargojet Inc.’s overnight network services also comprise domestic air-cargo services for a number of international airlines between points in Canada that connect these airlines gateways to Canada. Cargojet Inc. owns a comprehensive aircraft fleet of B767-200-, B757-200-, and Challenger 601, among others.

VISION & VALUES OF CARGOJET

  • Cargojet Inc. is defined by its strong entrepreneurial culture. Its core values such as integrity, drive, collaboration and innovation, enables the airliner to maintain a strong customer focus.

  • The company delivers on and fulfil its e-Commerce promises. This business ethos fosters trust and adds value for shareholders who purchase company shares.

MARKET PERFORMANCE OF CARGOJET

  • Cargojet Inc. trades on the Toronto Stock Exchange (TSE) under the stock symbol CJT.

  • Its quarterly performance for the fiscal cycle that ended Sept 2019, clearly demonstrates the company’s sound footprint in the market. It recorded revenue of US Dollar 117.4 million and net income of US Dollar 11.8 million.

  • Its net profit margin also increased by 10.05%. Shareholders who buy or sell company shares can therefore expect lucrative dividends and returns.

Buy CARGOJET stocks / shares – A Step by Step Guide how to Buy / Purchase CARGOJET Stocks or Shares online.

Before buying any stock or share one has to consider a few factors.

STEP 1: PROPER RESEARCH IS ESSENTIAL

Upon deciding you want to buy CARGOJET Stocks / Shares, it is critical for the serious investor to do proper research into the said company. Its values should align with those of the investor’s current portfolio. An investor needs to familiarise himself with the basics and history of the company, as well as its leadership and performance in the market. Its company reports should also be scrutinized.

Consultation with a brokerage firm can also assist in determining whether investing in a specific company will complement the investor’s current portfolio. The investment “risk ladder”, which identifies asset classes based on their relative riskiness, is another useful tool when determining which company’s stock / share is the best to buy.

STEP 2: CALCULATE THE AMOUNT OF INVESTMENT IN CARGOJET STOCKS / SHARES

It is important for an investor to monitor his total investment in stock in order to keep his portfolio aligned to his investment strategy. The overall value of his holdings will change with the fluctuation in stock prices, which can throw his portfolio off balance. To determine the amount to invest, multiply the number of shares of each stock by its current market price to determine the total investment in that specific stock. For example, if you own 100 shares of a US Dollar 5 stock, multiply 100 by US Dollar 5 to get US Dollar 500.

STEP 3: DECIDE ON THE STOCK / SHARE ORDER TYPE

Investors can choose from a market order, a limit order, a stop order (also referred to as a stop-loss order) or a buy/sell stop order. It is important to familiarise yourself with each type’s pros and cons before deciding which one will suit your current stock profile best. An investor should be guided in this choice by his investment objective.

STEP 4: OPEN A BROKERAGE ACCOUNT

A brokerage account – also known as taxable investment account – is similar to a retirement account, but more flexible. Where a retirement account has limitations on the amount of money that can be contributed annually, and restrictions on when funds can be withdrawn, a brokerage account is more flexible. The latter has no income or contribution limit and the investor can withdraw his money at any given time. This flexibility, together with its potential investment gains, makes a brokerage account more attractive to serious investors. Brokerage accounts are ideal for goals or savings that are further than five years away, but closer than retirement. It can also supplement an investor’s emergency savings.

STEP 5: COMMIT AND PURCHASE CARGOJET STOCKS / SHARES

Lastly, commit to the stock. Pro Tip: Monitor the value of your stock to ensure you have a growing stock value and dividend pay-out.  Regularly check the share price online to ensure your investment delivers a positive return on investment. You are now a proud owner of CARGOJET stocks / shares.

5 Questions to ask yourself before purchasing any stocks or shares.

  1. Is it the best time to buy this stock / share?
  2. Should I buy CARGOJET stocks / shares in the current economic climate?
  3. Can I afford to buy this stock / share?
  4. What is the forecast of the stock / share growth?
  5. What is the current price per earning ration on the stock / share?

 

Author Details

Louis Schoeman

Louis Schoeman

Featured Forex and Stocks writer

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