I've been following this stock for over a year now while it went from $7-12 and then retreated back to $8. It's trading below 50 day and 200 day moving averages, but the EPS is strong at $2.61/share and P/E is very low at 3. They also ended 2010 with the most cash they've had in 3 years, but they do have a lot of debt. However, there have been reports over the past few weeks with the CEO dropping hints about a merger or proposing the company as a takeover target.
The most previous year's EBITDA is $1.06B and the entire market cap is only $1.32B. Most analysts have the one year target at $12-13/share which puts this stock undervalued with a lot of growth potential.
I already bought 200 shares at $7.90 and looking to increase my position to 500 shares soon. Let me know what you think?
US Airways announced earnings today with a wider loss but stronger revenues and demand. The stock is up $.40 (4%) today which could have some upward momentum heading into the heavier travel season. Last Friday I bought 400 shares so my position is up to 900 shares now. I'm still hoping to see this stock go to $10/share over the next few months.
ReplyDeleteAt this point I have purchased 200 shares at $7.90, 300 shares at $8.00 and 400 shares at $8.20. The stock is currently trading at $8.70 and I have a trailing stop loss order in at 5% decline or $8.30
ReplyDeleteThis stock is up another $.35 today (4%) to $9.12! My portfolio is loving this! My trailing stop sell order is up $8.75, but I'm thinking of putting in a stop limit sell order at $9 to make sure I take profits unless this stock drops.
ReplyDeleteThe stock is up $.50 today to $9.80 due to traffic in April increasing year over year. Now that Bin Laden is dead, people are getting excited to fly again! Maybe the airport security will even decrease! Nope, probably not.
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