Published: February 18, 2014
We believe shares of Hawaiian Holdings Inc. (“HA” or “Hawaiian”) are grossly undervalued. While heavy growth spend has resulted in GAAP financials that have understated/obscured its economic potential, it is now at an inflection point, with margins set to rise and free cash flow to turn positive....
Published: May 16, 2013
This is an opportunity to own LUV for 6x airplanes (capacity) per $ invested since the peak of last cycle. So the market is offering the opportunity to own six times as many airplanes (capacity) per dollar of investment. We're seeing improving industry dynamics. There's leverage to falling crude ...
Published: October 04, 2012
I believe jetBlue (JBLU) offers the potential to access the upside benefits of industry consolidation without many of the disadvantages of the mainline carriers, with the added benefit of offering a greatly simplified analytical challenge with fewer moving parts to consider. JBLU profitably oper...