Friday, November 10, 2006

Mohnish Pabrai: Pinnacle Airlines Corp a Buy

From: Bloomberg.


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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