Making Green on JetBlue? at FinGad.com

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Categorie: Equities
Submitted 9 months ago by

Larryswinford

Looking through the industry lists, it seems that Transportation has moved the best, up some 2.96 percent. JetBlue Airways (JBLU) similarly bubbled to the top of that list, up some 8.65 percent. While it is uncertain how long this will continue, this wasn’t just for today, last Tuesday began the current spurt (see chart).Of course the question is why. On the one hand there is the question for the whole industry sector, but in this case JetBlue in particular. As with Con-Way, most of JetBlue is institutionally owned, some 400 banks, insurance companies, and mutual funds hold some 94 percent of the shares. Incidentally, it might be interesting to fully scrutinize those statistics because Dow Jones also says that 7 percent is owned by insiders, which is a little over 100 percent. Quantum Industrial Partners and Weston Presidio Capital are included in the "insiders" list. Quantum is an investment vehicle for George Soros. Michael Lazarus is the Weston Presidio Capital person. Soros and his people made something like $10.5 million today, and Lazarus’s company only made something like $3 million. Not bad for a days work.What could spur that result? Well, it wasn’t the quarterly report for December. JetBlue had made 9 cents per share that quarter a year before, but was 2 cents in the hole this last quarter. It earned 12 cents, to the... More...

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