Originally Posted by
Tranquility
Which is exactly why I started a position with JBLU…. The market overall is oversold, but when stocks are trading at fractions of their book value, or better yet, tangible book value, it’s time to hold your nose and buy.
I may dollar cost average down if it hits $4.20. Something about that number makes me happy…. 😁
At this point you gotta worry about ch11 with demand easing, having to borrow billions with large interest rates, fuel costs still rising, labor still creeping up, merging two dissimilar airlines that are both losing money, etc. I think there’s a reason it’s trading this low, and imo it’s because that risk is growing by the day.