Seeking Alpha
0
All posts from Seeking Alpha
Seeking Alpha in Seeking Alpha - Read, Decide, Invest.,

A Great Opportunity To Buy Hawaiian Airlines

When Hawaiian Holdings (NASDAQ:HA) dropped 27% on Friday many people were asking themselves why? The company said that its revenue per available seat mile (RASM) would drop 3.5-6.5% due to two main reasons: 1) a strong US dollar results in lower demand from foreigners using currency that fell against the dollar and 2) lower oil prices means the company will be forced to lower its fuel surcharge. I for one thought Friday was a good time to buy, but after pulling back an additional 2%+ on Monday, I believe now is a great time to buy shares of HA. For the record, I am not the only person who thinks this as a few analysts have called the recent pullback "irrational" and CRT Capital recommends "aggressively" buying shares with a $35 price…