All value investors should pause for a moment and consider an investment in the airline industry. JetBlue Airways (JBLU) has done an outstanding job of building a niche franchise in a miserable industry. Very few investors seem to understand the unique franchise that JBLU has built. Selling for less than a pretty clean book value, and with a balance sheet that is better than it appears, I believe JBLU is a stock that value investors should own.
After a brief review of my sanity, I will explain some of JBLU's unique characteristics, review its current valuation, and discuss a few miscellaneous topics.
THE WORLD'S WORST INDUSTRY
"It just might be a lunatic you're looking for" - Billy Joel...
Only subscribers can access this article, which is part of the PRO research library covering 3,619 different stocks.
Growing numbers of fund managers and other investment professionals subscribe to Seeking Alpha PRO for equity research that is unavailable elsewhere, so they can: