Is Allegiant Travel About To Take Off?

| About: Allegiant Travel (ALGT)
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Is there a good case for taking a long position in Allegiant Travel based off its recent asset acquisitions?

The recent decline in Allegiant Travel's stock price is partially due to Allegiant replacing its aircraft fleet.

The DCFs for Allegiant Travel indicate a strong position relative to its stock price.

By Brandon Biavaschi and Kevin Hillmer

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

I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.