The Company has investments in the air transportation industry. It operates various divisions designed to leverage its management experience, efficiencies & economies of scale present in its subsidiaries.
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This stock is stuck trading at a low P/E due to uncertainty of the 69 leased jets from Continental, and the future relationship with Continental. Continental also places a ceiling on ExpressJet's profit margin. However, management seems very competent and will announce news on the leased jets soon -- I expect a pop in the share price when this happens.