Sell Alert: Allegiant Travel Company (ALGT)
ALGT was recommended at $68.73 in Investment Digest issue 725, dated August 22, 2012.
“Allegiant Travel Company (ALGT, Nasdaq) reached its Minimum Sell Price of 106.45 last week and should have been sold. Allegiant today reported disappointing June revenue, so if you haven’t sold yet, sell now.
“ALGT was first recommended in the August 2012 Undervalued Companies with Accelerating Earnings at 66.45 and has advanced 61.0% during the past eleven months compared to a gain of 16.2% for the Standard & Poor’s 500 Index.
“The stock’s current 20.8 price-to-earnings ratio is considerably higher than its 10-year average P/E of 14.2. ALGT is now overvalued. If you haven’t already sold ALGT, I advise selling your shares now.”
J. Royden Ward, Cabot Benjamin Graham Value Investor, www.cabot.net, 978-745-5532, 7/9/13