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Frontier Airlines Inc
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The downtrend from November of 06 seemd to have completed the third leg downI bought this stock admittedly while doing a little bottom fishing. The book value on FRNT is $5.66 per share. When the stock price is lower than book only two things happen.
1)The company gets bought out or, 2) Folks like me running screens find a company that is trading below book but has no pending talks of financials distress and start buying.
I have been watching FRNT for a bottom since May and started nibbling then but now I am buying! Whether it gets bought out or if it just crawls back up to $6.75 on pps (mid-level fib. retracement) that will be one hell of a nice gain.
good luck |
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