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Mohnish Pabrai: Pinnacle Airlines Corp a Buy
Posted on 11/10/2006 00:00 AM | Link | Post Comment
From: Bloomberg.
``The next two years are going to be very good for the airline industry,' said Pabrai, who manages $330 million at Pabrai Investment Funds in Irvine, California.
If the company were liquidated, it would fetch $9.55 a share, he said. That provides a ``floor' for the stock price, Pabrai added. -----------------
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Shares of Pinnacle Airlines Corp., whose sole customer is bankrupt Northwest Airlines Corp., were recommended by Mohnish Pabrai at the Value Investing Congress in New York.``The next two years are going to be very good for the airline industry,' said Pabrai, who manages $330 million at Pabrai Investment Funds in Irvine, California.
If the company were liquidated, it would fetch $9.55 a share, he said. That provides a ``floor' for the stock price, Pabrai added. -----------------
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