I keep looking at this one. Are shorts / bears really expecting this to drop below a 7 p/e? Just curious what the rationale is. Also why is this EPS multiple so much lower than even RJET ALK let alone the bigger ones like JBLU LUV SAVE? Is it lack of growth and/or short operating history? I've never flown these guys but have heard some really good things about them.
You should look at price to book comparisons as well. PTRY, MUSA, IMKTA, CASY all trade at over 2x Book value while TA trades at exactly book value. This most likely has to do with lower net margins for TA; however, TA's margins have been trending up significantly.