Dipy:
> As the population grows, so does the number of passengers that fly. And yet, airline stocks have proven to be remarkably dull investments, at best.
I could not agree with you any more on that. The point is business entities such as airlines are much more dependable on good economic conditions than companies such as Gillette and Coke. Lets say the economy goes into a recession tomorrow, people may not fly but they will sure try their best to look good (by shaving) and eat cheaply (McDonnalds), and drink (Coke)!
With so much of our lives becoming dependent on technology, companies such as Yahoo, AOL, Earthlink (my favorite since I have the stock!), LSI (again my faviorite since I have a great stake in it), and Intel, etc. are becoming more and more like Gillettes, Cokes and McDonnalds of the world. Hence they will do extremely well over time as oppose to companies such as the airlines. Anyway, I think we are getting off the LSI subject here a bit.
Speaking of LSI I dont think I have ever felt so rationally exuberant for holding the stock so long. I just hope the company does deliver what it is supposed to do: namely impressive earnings and revenue growth. |
