RE: Blurb from the Globe Investor, FWIWI'm long, 1-3 years, so I don't worry about the near term value. If I can trade half the position short term I will, but I'm not to concerned if I don't. The company is in a good position both financially and strategically, for the long term; thats all that matters.
This summer should see a moderate increase in holiday air travel but likely not enough to see a marked increase in earnings for this year. Business travel will come back very little this year as corporations continue to struggle with profitability. They should come back strong in mid 03.
If the company can ride the military side of the business in the way they invision we shouldn't have many concerns in the immediate future. They will still turn a good profit while other investment grade stocks struggle to break even.
Good luck to all