All value investors should pause for a moment and consider an investment in the airline industry. JetBlue Airways (NASDAQ: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
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