Q3 - OE_Strengths
What do you see as Delta’s particular strengths?
"From an investment standpoint it is the quality of the company, both in terms of management and operations as well as the financial structure of the company. If we took it to a different level it's like a good brand, high-quality company. Personally I like flying Delta better than other airlines."
Q4 - OE_Weaknesses
What do you see as Delta’s particular weaknesses?
"Again from an investment standpoint, in the past it has felt like sometimes they can be overly optimistic in terms of guidance, which is good in terms of setting a high bar for the company. But it can often leave investors more cautious on the underlying fundamentals of the business because of earnings revisions and estimate revisions, things like that, which then cause them to question their
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"2017. Hopefully, they'll achieve it this year."
Q11
What level of EPS growth do you think Delta can sustain through the cycle?
"Below 13%. Think about it as 10 to 15%, so in the 10 to 13% bucket."
Q12 - OE_ClosestInvestmentPeers
Not limiting your thoughts to just industry peers, which companies would you consider to be Delta’s closest peers?
"Alaska. Southwest. Ultimately the goal is that Delta gets viewed along with other high-quality industrial companies like rail companies, and even to a certain extent the aircraft manufacturers. But it's just hard to make that today, given the multiple disparity and the volatility of the stock, it's hard to say that it's a real peer even though if you line them up on an ROIC standpoint and performance over the past couple years they look very similar. Limit it to Alaska and Southwest."
Q12a - OE_PreferredInvestment
Thinking about Delta along with its peers, which company is your preferred investment?
"Delta and Southwest."
Q12b - OE_PreferredInvestmentWhy
Why do you say that? [Reasons for preferred