ASA/ExpressJet

Derg said:
Brilliant observation, Derg!
Click to expand...
i-see-what-you-did-there-ceiling-cat.jpg
 
Oh hell, I expected a post like this a couple weeks ago. Guess he got sick of waiting for his pat on the back.
 
Reminds of the driving scene at the end of "Dick and Jane" with Jim Carrey. Paraphrase: "I just got on with this great new company that trades energy! It's called Enron!"
 
You're only as good as your next trade. Hopefully he'll keep picking winners the rest of his trading career. If you're trading straight equities or equity options it's a fairly uneasy time. Low volume and a low short term VIX makes market direction difficult to predict.
 
mikecweb said:
You're only as good as your next trade. Hopefully he'll keep picking winners the rest of his trading career. If you're trading straight equities or equity options it's a fairly uneasy time. Low volume and a low short term VIX makes market direction difficult to predict.
Click to expand...

Which is why, as you know, winners use stops and don't get married to their analysis.
 
http://www.forbes.com/sites/zacks/2013/01/09/skywest-stock-doubles-since-august-still-looks-cheap/

SkyWest stock doubles since August, still looks cheap


SkyWest has been generating solid revenue passenger miles (RPM) and available seat miles (ASM), which are key operating metrics for airlines.

As a result, shares of SKYW have jumped nearly 112% since August 2012, helping it become a Zacks #1 Rank (Strong Buy) on November 9, 2012. A forward P/B multiple of just 0.5 and a P/S multiple as low as 0.2 make SkyWest an attractive pick for value investors.

Headquartered in St. George, Utah, SkyWest was founded in 1972. The company operates regional airlines serving the U.S., Canada, Mexico and the Caribbean. As of December 2012, SkyWest conducted approximately 3,800 daily departures through a fleet of 744 regional aircraft. Additionally, it offers aircraft leasing services. SkyWest has a market cap of approximately $685.3 million.

On November 7, SkyWest reported third-quarter earnings per share of 40 cents, which surpassed the Zacks Consensus Estimate by 29%. The company has now averaged a nearly 90% surprise in the past 4 quarters. The quarterly result also soared on a year-over-year basis.

However, total revenue of $865.3 million decreased 9.4% year-over-year and also lagged the Zacks Consensus Estimate. The drop in revenue was primarily due to the reduction in fuel reimbursed from the company’s major partners. Management reported that this trend will continue until the first quarter of 2013. On the other side, the bottom line made a huge jump on effective cost reduction programs initiated by management in 2011.

The Zacks Consensus Estimate for 2012 has moved higher by 7.1% to 91 cents in the past 60 days, while the Zacks Consensus Estimate for 2013 has advanced 4.1% to $1.28. The current Zacks Consensus Estimates indicate year-over-year gains of 404.7% for 2012 and 39.6% for 2013.

The current valuation of SkyWest looks promising, given its forward P/E multiple of 10.5, P/S multiple as low as 0.2 and P/B multiple of just 0.5. (A P/E ratio below 15.0, a P/S ratio below 1.0 and a P/B ratio under 3.0 generally indicate value.)

Also, SKYW has other solid fundamentals, including a PEG ratio of 0.15 and an 85% discount to the benchmark of 1.0 for a fairly valued stock. This implies strong growth potential. Furthermore, SkyWest currently enjoys a dividend yield of 1.2%. Third-quarter 2012 marked the company’s 70th successive dividend paying quarter. Therefore, in addition to being a value stock, SkyWest offers a lucrative growth and income opportunity.

The widening gap between the stock price and the estimates for 2012 and 2013 indicate that SkyWest is currently undervalued. This should encourage investors as the company is likely to sustain its positive trend, due to its growing business opportunities that were reflected in its fourth-quarter 2012 traffic data

Sent from my HTC One X+ using Tapatalk 2
 
Trip7 said:
http://www.forbes.com/sites/zacks/2013/01/09/skywest-stock-doubles-since-august-still-looks-cheap/

SkyWest stock doubles since August, still looks cheap


SkyWest has been generating solid revenue passenger miles (RPM) and available seat miles (ASM), which are key operating metrics for airlines.

As a result, shares of SKYW have jumped nearly 112% since August 2012, helping it become a Zacks #1 Rank (Strong Buy) on November 9, 2012. A forward P/B multiple of just 0.5 and a P/S multiple as low as 0.2 make SkyWest an attractive pick for value investors.

Headquartered in St. George, Utah, SkyWest was founded in 1972. The company operates regional airlines serving the U.S., Canada, Mexico and the Caribbean. As of December 2012, SkyWest conducted approximately 3,800 daily departures through a fleet of 744 regional aircraft. Additionally, it offers aircraft leasing services. SkyWest has a market cap of approximately $685.3 million.

On November 7, SkyWest reported third-quarter earnings per share of 40 cents, which surpassed the Zacks Consensus Estimate by 29%. The company has now averaged a nearly 90% surprise in the past 4 quarters. The quarterly result also soared on a year-over-year basis.

However, total revenue of $865.3 million decreased 9.4% year-over-year and also lagged the Zacks Consensus Estimate. The drop in revenue was primarily due to the reduction in fuel reimbursed from the company’s major partners. Management reported that this trend will continue until the first quarter of 2013. On the other side, the bottom line made a huge jump on effective cost reduction programs initiated by management in 2011.

The Zacks Consensus Estimate for 2012 has moved higher by 7.1% to 91 cents in the past 60 days, while the Zacks Consensus Estimate for 2013 has advanced 4.1% to $1.28. The current Zacks Consensus Estimates indicate year-over-year gains of 404.7% for 2012 and 39.6% for 2013.

The current valuation of SkyWest looks promising, given its forward P/E multiple of 10.5, P/S multiple as low as 0.2 and P/B multiple of just 0.5. (A P/E ratio below 15.0, a P/S ratio below 1.0 and a P/B ratio under 3.0 generally indicate value.)

Also, SKYW has other solid fundamentals, including a PEG ratio of 0.15 and an 85% discount to the benchmark of 1.0 for a fairly valued stock. This implies strong growth potential. Furthermore, SkyWest currently enjoys a dividend yield of 1.2%. Third-quarter 2012 marked the company’s 70th successive dividend paying quarter. Therefore, in addition to being a value stock, SkyWest offers a lucrative growth and income opportunity.

The widening gap between the stock price and the estimates for 2012 and 2013 indicate that SkyWest is currently undervalued. This should encourage investors as the company is likely to sustain its positive trend, due to its growing business opportunities that were reflected in its fourth-quarter 2012 traffic data

Sent from my HTC One X+ using Tapatalk 2
Click to expand...
"Ignore all analysts"
 
I would tread carefully up into this level on this stock, by the way. Decent amount of profit-taking going on here at previous resistance. This is a very common reversal area due to previous resistance/50-61.8 fib/50 EMA. Remember what I mentioned about "pin areas," and reference the monthly chart.

Unlike the push up to the $13-$14 level we just saw (a short term trade), this is a big picture item.

(Not trade/investment advice)
 
Any new news that the pilots may be concerned about for 2013? This thread has been talking about the stock rather than anything else for the last 5 months so a change of pace can't hurt.

Looking at ASA/XJT as a place to go when I make the jump to 121 so up to date info would be nice.
 
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