Originally Posted by
ghilis101
i think skywest at $13 and Delta under $6 is a steal. buy it, theyre not going bk
while i wont go as far as to say they are not going to go bk (although i don't think they will, oops ended up saying it anyway) you are right that this is a steal. i don't think their stock will go to much lower. now may be the time to buy some up, let it peak out and the sell.
Originally Posted by
rickair7777
ANY airline stock is a crapshoot. My financial guy has had standing orders (for years) to not buy airline stocks.
There is nothing about their past performance that would make one believe thay are a good long-term investment, and there is certainly no reason to be optimistic looking forward.
The industry is just too fragile, and subject to too many outside forces. It is not reliably predictable, and it can change dramatically overnight...or in an hour as happened seven years ago.
If you want to use it is a short-term speculative vehicle, sure why not...any equity wich goes up and down can be used for that. Pretty much like betting on the NBA playoffs. Plus since you have some industry knowledge and connections, you MIGHT be able to see something coming before the rest of the speculators.
you are right. the industry is fragile. and the airline stocks are never good for long term investments. but i would use it right now because i think pinnacle along with skywest have bottomed out. it would be a good time to buy some, look for the peak, and then sell it all and take the profits.