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Copa Holdings (CPA) is a Latin American provider of airline passenger and cargo service through its two principal operating subsidiaries, Copa Airlines and Copa Colombia.
Copa Airlines operates from its position in the Republic of Panama, and Copa Colombia provides service within Colombia and international flights from various cities in Colombia to Panama, Venezuela, Ecuador, Mexico, Cuba, Guatemala and Costa Rica. The Company operated a fleet of 73 aircraft, 47 Boeing 737-Next Generation aircraft and 26 Embraer 190 aircraft. Copa provides passengers with access to flights to more than 130 other destinations through codeshare arrangements with United Continental Holdings, Inc. (UAL) pursuant to which each airline places its name and flight designation code on the other’s flights.
As of December 31, 2011, it had firm orders, including purchase and lease commitments, for 46 additional Boeing 737-Next Generation aircraft. Copa provides flights through code-sharing arrangements to over 130 other destinations.
Shares have formed a bullish "flag" and are expected to move higher from this formation. We are now hearing rumors of good news for this company. One of the rumors states that this stock will be named by the leading stock advisory service as one of its "top picks." This service is widely followed by mutual funds and institutional money managers. These investors have portfolios that mimic recommendations of this service. Their naming of the stock should lead to additional demand for the shares.
52-Week Trading Range: $57.57 - $99.00
Last Trade: $95.00
Stop Loss: $90.25
Target Price: $104.50
The position was closed at $98.00
