Victor Cook

U.S. Airline Stocks: Bargain-Hunters' Dream or Falling Knife?

Interesting article, Mark. The price/revenue ratio is a great metric -- simple to compute with powerful implications.

To place this metric in perspective you might what to see my paper "The Value/Revenue Ratio." In it I track that ratio over 56 years for all public companies. The long run expectation is about 1.0, but the semi-long run swings are even more interesting. See papers.ssrn.com/sol3/p...

Vic