Adam Levine-Weinberg

Everything Is Coming Together For Delta

This has been a busy week for Delta (NYSE:DAL). The company held its annual investor day on Wednesday morning, after announcing a $360 million deal to buy a 49% stake in Virgin Atlantic from Singapore Airlines (OTCPK:SINGF) on Tuesday. As part of the Virgin Atlantic investment, Delta and Virgin Atlantic also intend to apply for antitrust immunity for a joint venture in the transatlantic market. Delta's consistent record of improvement over the past few years comes through clearly in the slide deck from the investor presentation. Moreover, Delta's recent strategic initiatives position the company well to deliver further profit growth over the next 2-3 years. With the company trading for less than 6X management's forecast...

Join Seeking Alpha PRO to read this archived article and 11,574 other archived articles
FREESA PRO MEMBERS
IDEA GENERATORXExclusive access to 10 PRO ideas every day
INVESTING IDEAS LIBRARYXExclusive access to PRO library of more than 15,000 ideas
SECTOR EXPERT NETWORKXExclusive access to all sector experts for direct consultation
PERFORMANCE TRACKINGXTrack performance of all PRO stock ideas
PROFESSIONAL TOOLSXProfessional Idea Filters to zero-in based on industry, market cap and more
PRO Top long ideas returned 21.7% in 2016**
"As a PRO member, we get uniquely valuable perspective that go beyond our quantiative analysis... We rely on PRO to get beyond the numbers quickly and add much needed perspective. It keeps me ahead of the next big thing. - Mark Choate, Malaga Cove Capital"
Mark Choate, Malaga Cove Capital
"Contributors (writers and commentators), often have a long history in the secuirities they opine on and some are clearly well positioned industry participants with detailed industry views that can help provide color on where the skeletons are buried in a particular secuirity and/or industry."
Jim Roumell, Roumell Asset Management
You may cancel at any time for any reason, and receive a prompt refund for membership on months paid and not used (max. 6 months). Details