Hello to all on what is a rare dark and rainy night here in what is usually the Valley of the Sun.
Yes, yours truly is back in Phoenix this week, having come out for the 28th Annual ISTAT Conference last week which was held at the Westin Kierland in Scottsdale.
No surprise then that this week we are talking a lot about airlines, airplanes, how to finance those airplanes, the people who finance those airplanes, the people who sell the airplanes, and the people who lease airplanes.
You want a primer on airline EETCs and why they are one of the best investments on the planet? We sit down and talk to JP Morgan’s Mark Streeter — who gives us the skinny on why airline EETCs deserve more respect. (Especially from rating agencies.)
But we also update you on the industry impact from the situation in Japan. There has been a lot of news since last time we updated subscribers, including updated impact statistics from IATA.
No surprise either that with all that was going on last week, jet fuel prices continued to rise.
In the midst of Japanese angst and aircraft design drama, Phil Trenary, CEO of Pinnacle Airlines, announced his departure from the airline last week — effective the end of this week. Hello?
In this week’s Market Review, we update you on the short interest situation with the airline stocks. We give you a snapshot look as well as a trailing 12 month view. Doesn’t matter how you slice and dice it though, one airline stock continues to get hammered by the shorts.
Know which one it is?
As many of you know, the level of stock shorting is what we call a “sentiment indicator.” While it’s nothing official, an airline CFO or CEO certainly doesn’t like it when the investor community begins to increase their short positions in your stock. Kind of like being tracked by the grim reaper. “Who are these guys and what do they know?”
As I said, we’ll update you on all that in this week’s issue as well as a whole lot more.
Subscribers can access this week’s issue here.