Call me a sucker, but I’m tentatively a believer. With both stocks priced at under 10x trailing earnings (and 11x forward earnings assuming 1%-2% guided margin compression in 2017 at DAL), the market is skeptical about margin sustainability. Given the industry’s ignominious legacy of undisciplined competition, where the dumbest competitor has historically set the price […]
Tag Archives: DAL
[WISE] Wise plc
Wise and the business of cross-border transfers: part 2
Related post:Wise and the business of cross-border transfers: part 1I concluded part 1 describing how, [...]
1 Comments
Continue reading →[WISE] Wise plc
Wise and the business of cross-border transfers: part 1
Every year, consumers the world over move ~£2tn across borders, with roughly 2/3s of that [...]
1 Comments
Continue reading →[AEP.V] Atlas Engineered Products
[AEP.V] Atlas Engineered Products
(taking a break from building products after this. Up next: a 2-parter on Wise)In part [...]
Continue reading →[BLDR] Builders FirstSource
Building materials: part 3a (BLDR, AEP.V)
Related posts:Building materials: part 1Building materials: part 2a (LPX, JHX)Building materials: part 2b (TREX, AZEK)In [...]
2 Comments
Continue reading →[AZEK] Azek [TREX] Trex
Building materials: part 2b (TREX, AZEK)
Related posts:Building materials: part 1Building materials: part 2a (LPX, JHX)Next month, I’ll conclude this series [...]
Continue reading →