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The Long Case For Delta Air Lines, Inc.

|Includes: Delta Air Lines, Inc. (DAL)

Elevator Pitch

Good: Generally regarded as the best legacy carrier in U.S., low P/E 8.04, projected long term EPS growth 11%, very low debt compared to peers 60.47% vs 116.4%, low payout ratio 13.13%, pays a 1.36% dividend, reducing debt,

Bad: Decreasing revenue last year, projected next year EPS decrease 4.14%, low current ratio 0.5, increasing rate may increase its debt servicing cost. Increasing oil price pushing up COGS

Category: steward

Bought at 48.52 on Dec 6 2016

Disclosure: I am/we are long DAL.