$HA Hawaiian Airlines:
Pros:
Near book value
Low debt
6x earnings
3x ops cash flow
20% ROE
Cons:
CEO compensated for growth
Airline biz isn't wonderful
Overall, seems stupidly cheap down here.
Today's sell off is from the virus outbreak in China, ~200 infected so far.
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I didn't think of the volcano risk, but that seems true. I agreed about Hawaii being volatile. Won't an expensive vacation be the first thing people cut in a recession? On the other hand, they remained profitable during the financial crisis.
If I’m not mistaken, last recession was unique in that it hurt poor people more than rich. Next one may not be like that.
