JetBlue Airways, a commercial airline providing excellent service and great prices, has been experiencing operational difficulties resulting in a string of money-losing quarters in addition to an unexpected loss of $30 million after canceling 1,200 flights due to an ice storm. The board of directors has replaced the CEO with an expert in operational management, leaving JetBlue’s founder and chairman free to focus on vision and strategy. The stock price rose 5% on the news. Everyone may sell, but only you may buy at this price.
Trading Range: $9 to $30
Today’s Price: $11
Disclaimer: I own shares of JetBlue purchased just before the market closed on Thursday.