Originally Posted by
av8sean
"Investing" in an airline? Just remember, Pinnacle is akin more to a staffing company, we don't own any planes (except the 900's) and our revenue is based on a future mgmt team that just 86'ed our ATL flying. The contract pop is probably a safe bet, however I wouldn't expect much... definitely not enough to cover the premiums on a long call. The stock is so cheap, there really isn't even much point in buying calls, might as well just buy the stock.
It doesn't sound like he's 'investing' in an airline. There are two ways to deal with stocks, etc......investing(long term) and trading(short term)....it sounds like he has been trading short term over the past few years taking advantage of slight changes in the market......also, just because the price of a stock is low, does not mean it is cheap.