I had read about this a few months ago and have been watching it from 11 to now $6.5. Insiders are buying at this price and in large amounts at market (an indicator I always like). This regional carrier is an outsource for the majors and as such sign long term contracts regardless of passenger utilization they get paid. I do worry about fuel, and am looking into how they handle their fuel hedging. Also the pilot contract issue could be important. Overall for 5 years into the future cash flow and profits should increase as it makes less and less sense for large planes to make flights.
$6.75 (05/27/08)
