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Non-Tech : Southwest Airlines (LUV))
LUV 32.46+3.0%Nov 7 9:30 AM EST

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To: Geoff Trachtenberg who wrote (7)9/25/1996 8:33:00 PM
From: Geoff Trachtenberg   of 299
 
More analysis:

Southwest Airlines (LUV) - 22 7/8: Shares of Southwest Airlines have been hit hard in the recent
airline sell-off, as the stock has dropped nearly 18%. Though the stock's financials are among the
best in the very volatile industry, slightly higher costs, rising oil prices and renewed discounting
suggest that the stock will remain on the defensive over the near-term. However support near 20
should provide a good reentry point as the stock is approaching the low end of its 5-yr valuation
range. (Rev: 9/11)
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