Harbor Diversified Inc., (OTCPK:HRBR), owner of regional airline Air Wisconsin, is my top stock pick for 2024 with the potential to deliver returns of 70%. The airline, which flies exclusively for American Airlines Group Inc. (
Harbor Diversified: Top Pick For 2024 Takeoff
Summary
- Harbor Diversified has several catalysts that could generate a 70% return on the stock in 2024.
- Harbor owns Air Wisconsin, a regional airline partnering with American Airlines on shorter domestic U.S.
- The company recently repaid all its debt and could generate ~$20m in annualized earnings going forward.
- Expected fleet upgrades, aggressive stock buybacks, and substantial cash create a favorable setup for future growth at Air Wisconsin.
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