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Scott Wachsler
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I manage Wax, a baseline equity research company comprised of individual investors not licensed or registered with any government agency. I have been all cap value investor and independent equity researcher for the past 30 years, and believe that patience is the key to successful... More
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Wax Ink
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Wax Ink
  • Hawaiian Holdings - Value Alert 0 comments
    Sep 23, 2013 5:05 AM | about stocks: HA

    Texas (September 23, 2013) Wax Ink has issued a Positive Investment Interest opinion for Hawaiian Holdings (NYSE: HA) based on a recent baseline equity review which placed fair value between $40-$47.

    Positive investment interest means that continued investment research is warranted at this time.

    The recent close of $7.57 is approximately 63% below the fair value buy target for the stock and approximately 85% below the fair value close target for the stock. The recent close is also 11% below analysts' twelve-month $8.50 median price target for the stock.

    The recent close represents a 31% increase in the one year price of the stock, while year-over-year sales increased 19%, year-over-year earnings increased 4%, and year-over-year debt increased 33%.

    The stock currently has a trailing twelve-month PE Ratio of 1, and a PEG Ratio of 0.1 basis estimated forward earnings growth of 15%.

    In the past 52 weeks, share prices have moved between a high of $7.88 and a low of $5.16, placing equilibrium at $6.77.

    With the recent close, the stock is trading 4% below the 52 week high, 32% above the 52 week low, and 11% above equilibrium.

    The three-month average daily trading volume for the stock is approximately 719,000 shares.

    Hawaiian Holdings through its subsidiary, Hawaiian Airlines, Inc., engages in the scheduled air transportation of passengers and cargo.

    The company's listed competitors include Delta Air Lines, Mesa Air Group,and United Continental Holdings.

    Financial information that may be contained herein, is based on the company's most recent annual SEC filing for year ending December 31, 2012.

    All prices are per share unless otherwise noted.

    Wax Ink currently has no investment position in any company mentioned in this alert.

    For use by Accredited Investors as defined under Title 17, CFR §230.500, Regulation D.

    Copyright © 2013 Wax Ink

    Wax Ink is a baseline equity research company not licensed or registered with any government agency

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

    Stocks: HA
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