Buy Delta Air Lines: Trainer Refinery Purchase And Improving Financials Will Lift The Stock
By Helix Investment Management:In general, our investment philosophy is one that bypasses cyclical industries, such as energy or financials. We prefer to invest in companies with clear secular trends that go beyond economic cycles. One industry we have long avoided is airlines. Few sectors as a whole define the idea of cyclicality. This is an industry where competition for customers is fierce. It is capital-intensive. And the industry is at the mercy of the commodity markets. And yet, amidst all this, we have found a company that we think has a clear set of trends going for it. And that company is Delta Air Lines (DAL).The airline industry has been through a tremendous amount of upheaval in the past decade, with mergers, bankruptcies, and volatile jet fuel costs providing a constant source of drama. Over the past year, however, Delta has fared better than many of its peers, with the shares downComplete Story »
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