Saturday, December 22, 2007

JBLU- Jetblue- for those comfortable in airline industy

JBLU- Jetblue- the stock is near historical bottom. Last week, lufthansa agreed to buy stack in JBLU and the stock soared. Now it is retracing back to 6.40 level. In my opinion, it is likely that 6 dollar level will not be broken.
Airline industry is suffering due to high oil prices for the last 3/4 years but in my opinion airline industry fundamentals have changed dramatically after major bankruptcies and 9/11. The planes are more full and airliners have some pricing power back. Oil is a big problem.
However airline stocks make a nice turn around play in my opinion.
I would love to hear your opinions.

Merry Christmas and have great holidays

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