Monday, July 9, 2012

A Surprising Fact About Airlines (plus stock tip)

Did you know airlines make a net profit of under $164 per flight? Like, total?

Weird, no?

FWIW, I learned this from today's Andrew Tobias column, touting Borealis Exploration (BOREF), which has developed a gizmo allowing jumbo jets to move to/from gates without being towed. Towing costs money, and cutting that cost would improve airlines' bottom lines...which are, per the above startling fact, breathtakingly tight. For more info, see Tobias' previous columns on BOREF.

I bought some shares months ago (hey, he invested in SIGA, so I owed him) and already doubled tripled, but I think it's headed way higher than this.

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