AAL Well, it depends on how much money they make, but they will likely run out sometime in mid-2016. And I'm not so sure their taxed trailing PE is 8. If they are taxed like their competitors my math says it is closer to 11.5, which I would say is not so unreasonable in a time when airlines are expanding capacity.
Edit: I guess the 8 is in reference to the analyst estimates for later this year. If they can hit 3 EPS next quarter they are probably undervalued. Seems ambitious to me though.
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