Thread: LUV downgraded
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Old 12-14-2021 | 04:54 PM
  #10  
Noconcessions
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Joined: Apr 2020
Posts: 184
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From: 737 FO
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All of these passenger airlines are junk. Most are losing money and trading at multiples that would imply great profits. 1Q eps. about -$1.70/share, 2Q eps. about -$.40/share, 3Q eps. about -$.30 eps. 4Q maybe $.20 eps. For the year maybe a -$2.20/share loss. That should be a "pink sheet" company. Even if 2022 is a $1.30 eps, using the most generous multiple of 20, it's a stock maybe worth $26/share. Pay premium for these companies at your own risk. Nothing wrong with trading them though.
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