Originally Posted by
Beagle
Implied in post #11363 above. AIR's most recent operating stat's do not suggest any slowdown is imminent, in fact quite the opposite. May's stat's out shortly will provide some more factual basis for consideration. Opinion, conjecture and anecdotal observation of a few flights is one thing, operational flight stat's are quite another. (This debate reminds me a bit of people in another thread saying real estate is about to fall off the edge of a cliff but the stat's keep coming out factually supporting at a national level a stable and rising house price trend).
I think its clear why some people want to take profits at this level as historically the SP has struggled to break $3.20 but I remain confident management are executing a very sound business plan and the underlying earnings are very supportive of the SP at this level based on long term PE averages.