Money Managers Are Pumping Up This Airline Stock!
May 15th, 2008 | By Ann Sosnowski | Category: Stock Market InvestingSee, when money managers reported their first-quarter buys to the SEC in government-required 13F form filings, Hawaiian Airlines stock was on the list of new buys.
Hawaiian Airlines (HE:NYSE) is a perfect example of a “free money” opportunity.
Richard Aster Jr., who runs both the Meridian Growth Fund and Value Fund, added more shares to his long-term position in HE stock. Aster has been buying up HE for years. He holds over 1.4 million shares, valued at $37.8 million.
All of a sudden, John Keeley entered the game. He added a brand-new position of almost 640,000 shares, which he bought for $14.3 million.
Since Wall Street started buying HE early in 2008, HE stock has jumped 22%.
If you were part of my 13F Distribution Plan, and privy to “free money” opportunities, you would have known about the big buys on HE stock. And you’d be up 11% already!
Rest assured that Richard Aster will not let this stock fail if he wants his fund’s average returns to stay in the double digits for clients.
At $50 per share, it’s still a strong buy for you. Its debt is one-third of its assets, and it has very good leverage. Not to mention an annual dividend yield of 4.6%!
Ann Sosnowski
Editor, Safe Haven Investor
Source: Money Managers Are Pumping Up This Airline Stock!
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