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Non-Tech : Alaska Air (ALK)
ALK 41.73+2.5%Oct 31 9:30 AM EDT
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To: Peter Speyer who wrote (125)9/17/2001 7:17:15 PM
From: Kenneth Kirk  Read Replies (1) of 152
 
Nobody's been talking much on this thread lately, but it may be about time to. ALK went down from 32 to 21 this morning, about 34%. Other airlines didn't do much worse, including United, American, Continental and others which were either directly involved in the 9/11 tragedy or have announced major cutbacks as a result of the last week or its aftermath. Other than the obvious loss for this month, I don't see much long-term damage to ALK, especially to the Alaska Airlines component. Their routes tend to be longer and people have fewer options (they usually can't efficiently take a bus or train), plus they're farther from any potential terrorist targets. I don't see the additional security measures the feds are proposing as doing much to hurt their bottom line. Any other downsides I'm missing? Is this a good time to buy ALK at these prices?
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