Dec. 4 at 5:36 PM
$ALK Price action is good today. The ER adjustment was widely expected and already known to the market and pretty much landed within +/-
$0.10 of the expected adjustment. Only those that weren't paying attention didn't know about it and threw away their shares.
Now that the market has confirmation, it can finally make adjustments and set new PT's.
Once companies complete trudging through well known headwinds, it goes up to new levels. It's the unforeseen headwinds that knock a play down. ALK already paid the price for the headwinds that caused the adjustment. It won't suffer twice for the same issues. Which are now resolved.
As I said, we have been waiting for this EPS adjustment since October. Now that its finalized, its time to go back to
$50.
