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To: Madharry who wrote (21936)8/19/2005 11:05:58 AM
From: Paul Senior  Respond to of 78817
 
Madharry, about airlines. Yes, still have a stub position in MEH. Not happy about missing AMR which I had followed when there were so many good buying opportunities there. Opportunities in retrospect anyway -- at the time, who knew?

Rather than buy airlines, my preference is still to buy the ancillary businesses. Airport parking lots, airport management, fuel delivery services, airplane repair, etc. I have a small package. Idea of course is that these might have profits and not be burdened with high capital and labor costs or poor business models like the airline companies, and that these niche companies will benefit from passenger traffic no matter who flies the passengers.

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