Originally Posted by
BlackPeter
Actually - long term (7 year) PE is just 13.9. The forward PE of 8.3 sort of highlights that the market expects this stock to drop from its cyclical highs ...
And yes, there are some risks - for some reason my Inbox seems to attract more and more offers for really cheap flights (too much competition? I do my best, but I can't really fly that much) - and than, there is still AIR's nightmare-liner issue ...
But sure - it always can go higher - but it can keep dropping as well, and given that the stock is in a confirmed down trend (XoD and all these things), am I not sure I would take the chances.
discl: don't;