Traditionally, I like to stay away from airlines; their earnings are unpredictable, they are highly dependent upon fuel costs, and fixed costs are high, which means the earnings are generally erratic. However, when a company is trading for less than the value of its assets, the value investor in me finds the opportunity almost too hard to pass up. Regional carrier SkyWest, Inc. (NASDAQ:SKYW) currently offers value. Book value stands at $26.50 per share, which is a price-to-book value of 0.5 at current prices. What’s more, the company actually conforms to most of Benjamin Graham’s value investment criteria, making the…
SkyWest's Low Valuation Makes The Company Look Highly Attractive
Sign up now and get our in-depth FREE e-books on famous investors like Klarman, Dalio, Schloss, Munger Rupert is a committed value investor and regularly writes and invests following the principles set out by Benjamin Graham. He is the editor and co-owner of Hidden Value Stocks, a quarterly investment newsletter aimed at institutional investors. Rupert owns shares in Berkshire Hathaway. Rupert holds qualifications from the Chartered Institute For Securities & Investment and the CFA Society of the UK. Rupert covers everything value investing for ValueWalk