What I have noticed in my research is that most airlines trade between .5 and .7 annual revenue.
Stated another way: take 50% to 70% of annual revenue and divide it by the outstanding shares. In this case almost 1.9 billion shares. This increased from 1.8 the last time I posted this.
IMHO
If we take projected $100,000,000.00 X.5 to .7 = $50,000,000.00 to $70,000,000.00 now divide that by the OS and you have...wait for it..... .023 to .036
AGAIN IMHO:
The concern is trying to find institutional funds that will come in to gobble up all those shares at a valuation higher than the rest of the industry? Although anything in this world is possible!
