JP Morgan raises Pinnacle Airlines to overweight

[CoATP]

UPDATE 1-JP Morgan raises Pinnacle Airlines to overweight
Reuters - April 14, 2008 7:37 AM ET

Related QuotesSymbolLastChgPNCLTrade8.410.00CALTrade21.620.00DALTrade10.010.00NWATrade10.960.00Quotes delayed at least 15 minutes

(Adds details)
April 14 (Reuters) -J.P. Morgan Securities upgraded U.S. regional carrier Pinnacle Airlines Corp (PNCL) to "overweight" from "underweight," saying the airline offers "unique combination of free cash flow and contract certainty." Pinnacle's fixed-fee contracts run through 2017, and appear to offer little exit-flexibility in the meantime to Continental Airlines (CAL), Delta Air Lines (DAL) and Northwest Airlines Corp (NWA), JP Morgan said in a note to clients. "With legacy airlines searching (and finding) opportunities to scale back on their regional commitments, we see little risk for Pinnacle," it added.
The brokerage expects Pinnacle, the majority of whose fleet is owned by Northwest, to generate cash flow per share in excess of $3 this year. (Reporting by Bhaswati Mukhopadhyay in Bangalore; Editing by Anil D'Silva)

Interesting to note that the reporter is an "outsourced" source.

 

[XPOO]

Well, I'm sure their performance was a big factor in determining that status change.

 

[joe_pilot]

.......

 

[Smarta$$]

These guys obviously don't know how bad our on-time and completion factor have been. They also have no idea how inept our senior management is.

 

[Flyer1015]

"Overweight" has nothing to do with the market.

JP Morgan analysts got one look at PT, CS, and other Pinnacle management, and labeled them 'overweight' because they are all fat.

 

[PCL_128]

Forget PT and CS, how 'bout Barney!?!

 

[goahead]

All airline mgmt's are overweight.......

 

[BIGGOAT]

JP Morgan Chase also lost billions in the sub-prime debacle. Then again, they bought Bear for $10/share. Here is a stock tip for you...sell your shares in Mesa!

Goat

 

[Flybywire44]

BH is well within his BMI.

 

[Rez O. Lewshun]

These guys obviously don't know how bad our on-time and completion factor have been. They also have no idea how inept our senior management is.

As long as the stock is doing well..........

 

[Flyer1015]

Forget PT and CS, how 'bout Barney!?!

Which one/who is Barney?


To be honest, they all look like fat purple dinosaurs to me.

 

[SaturnPilot]

Barney is DW, one of the main reasons PCL sucks so hard. Whenever the local buffet runs low, he is sent into a panic...his face turns purple and he returns to corporate, attacks any vending machine in his path, and then publishes a new policy such as the meal break policy (designed to prevent crews from eating, therefore leaving more supply to feed the lard). You can't have a PCL overweight thread without Barney and DS...being overweight is really all that they are good at.

 

[PCL_128]

Which one/who is Barney?


To be honest, they all look like fat purple dinosaurs to me.

You should see DW when he gets mad. Turns a bright shade of purple.

 

[Flyer1015]

Ahh, I see.

 

[xjhawk]

now let me ask this, who in their right mind would buy airline stock when you work in this terrible industry? I guess the same would put all their eggs in one basket, then go run down a mountain........