Mohnish Pabrai Presented Why He Likes Pinnacle Airlines (PNCL)
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Right now, at the Value Investing Congress, Mohnish Pabrai is presenting why he likes Pinnacle Airlines (Nasdaq: PNCL). Pabrai owns 14-16% of Pinnacle Airlines.
Pabrai's notes on Pinnacle Airlines:
No fuel price risk, no ticket price risk.
No impact of passenger load factors.
Pinnacle is a capital leasing company
Pinnacle is the lowest cost operator
New deal with Northwest that allows them to fly airplanes with 76 seats versus 50 seats before.
More to come
From Stockpickr, "Monish Pabrai is a deep value investor noted for the similarity of his approach to that of his mentor Warren Buffet and his superior returns. Pabrai manages over $300 Million in his Pabrai Fund and according to his latest marketing documents has returned an annualized 26.2% since inception in 1999."
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