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jiltin (45.51)

What is the reason for Airlines upswing (Oil?)?



January 26, 2015 – Comments (1) | RELATED TICKERS: ALGT , LUV , JBLU

I see few stocks keep on going, ALGT,LUV & JBLU.

Recently, LUV provided good results. STill a steep curve. Hesitating to jump on them.

What is the reason for Airlines upswing (Oil?)? 

1 Comments – Post Your Own

#1) On January 27, 2015 at 9:04 AM, IBDvalueinvestin (98.34) wrote:

You forgot to mention the one that is fully unhedged with oil.

The one that just bought back $2 billion in  shares within just the last 6 months and said it will buy another $2 billions in shares.

They bought the first batch a year ahead of schedule, so I don't think they will wait long to buy the rest of the shares.

Th company is American Airlines stock symbol AAL.

There are estimate fo 2015 ranging from $10-12 EPS. 

Give that a traditional value play pe of 6-8 and see where is headed at te minimum and maximum ad then average it out.

Come to around $77/shr 

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