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Thoughts on 3Q Earnings: KSWS, RAIL, AEO, NICK, PNCL

Great article. Currently Pinnacle is trading within the $2.50 a share range which values the company at roughly $45 million. With operating income of nearly $30 million in the first 9 months and nearly $190 million in cash + short term investments I think a stabilized environment will value Pinnacle at $90 million. Delta's relationship is paramount to Pinnacle, positive signs from Delta could take away a large degree of the risk involved here (and produce a "stabilized environment"). I am bullish on Pinnacle at $2.50 - $3.50 as a speculative buy.