westcoastflyer
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- Aug 12, 2004
- 157
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US Airways stock price is down precipitously since mid-May. On May 19th, LCC stock closed at $10.32 per share; today it closed at $5.52. That's almost a 47 percent drop in just two and a half months! Yes, the stock market as a whole, and especially airline stocks, have been going lower during this period, but not this much. When airline stocks go lower as a group, LCC always seems to lead the way with the largest percentage drop. LCC stock has an unbelievably low price-to-earnings ratio of about 3 to 1. This tells me that the investment community does not have faith in this current management team to produce any favorable results in the future.