Hey K, Re: Airline Stocks.............................
My one airline stock lost a lot of altitude, became a sea plane and then a submarine! It should still come up for air soon. It was profitable pre-Covid but has struggled to make money since then. Staff shortages have been a detriment.
Mr. Buynhold is down 80% from my start. AIM has trimmed that loss to -43%. Not good, but better than otherwise. My share count is up +315% at this point. It's being treated with my AIM "Black Swan" option. (If the price/share rises by +25% above the last buy, I'll sell 10% of shares to recover some trading cash) Then I'll use those last two prices (last buy and last sell) over and over again until the price/share finally moves out of this terrible current range.
It's trading at 0.12 Price/Book Value (book value = $11.65/sh; Price/Share = $1.40) and there's a modest short position on the stock. It would be a bargain for some other airline to buy at this price. I'm glad my entire net worth isn't invested here!!!
I also own a catch-all Airline ETF , symbol JETS. It's up 20% from its recent low point and is profitable from my starting point. It's still 23% below its next AIM sell target, however.
Best wishes,
OAG Tom
Buy from the Scared; Sell to the Greedy.....
