There's subjectivity.... And then there's sub-objectivity
Sure one might say AIR is at the 'peak of its earnings', but would it then be also appropriate to say many other airlines are also at their peak given a significant proportion of earnings were derived from cheaper fuel as per their presentation. So is AIR actually well positioned RELATIVELY? Who knows.
Also, undervaluation is as pertinent as who believes it's undervalued. So is overvaluation. I believe it's undervalued but more importantly, who else that actually has significance believes that too ...
These comments are neither in favour or disfavor of AIR's potential future SP. They are just the thoughts of a bored person waiting to board an AIR plane.......
FYI: enjoying my first business class 'one up' successful upgrade