After Buffett’s Blessing, We’re Not Finding Any Bargains in the U.S. Airline Sector
We are transferring coverage of two U.S. Airlines--Southwest and United--and simultaneously launching coverage on Delta and American. Although sentiment recently turned bullish on airlines, we don’t find any undervalued stocks in our U.S. coverage list; the average price/fair value ratio is 1.09. Moreover, we maintain that airlines lack a moat. We’re cautious on airlines but think 2017 might provide investors with possible buying opportunities.All four airlines we cover--Southwest, United, Amer...
United Airlines Holdings is a holding company and its principal, wholly-owned subsidiary is United Airlines, Inc. (United). The company is engaged in the transportation of people and cargo throughout North America and to destinations in Asia, Europe, Africa, the Pacific, the Middle East and Latin America. The company, through United and its regional carriers, operates flights to airports, with its hubs at Newark Liberty International Airport, Chicago O'Hare International Airport, Denver International Airport, George Bush Intercontinental Airport, Los Angeles International Airport, A.B. Won Pat International Airport, San Francisco International Airport and Washington Dulles International Airport.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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