- As are legacy airline stocks in general, Delta Air Lines appears discounted to the overall market.
- Attractive valuation metrics echo a great buying opportunity, but capital-intensive airlines are notoriously risky investments.
- Nationalism and protectionism in the near term aside, globalization and its inherent demand for air travel will indeed prevail in the long run.
- But the question begs is Delta a fair company at a wonderful price or a wonderful company at a fair price?
Welcome to the ninth installment of the Value Investing for Main Street series, the watchlist edition, exclusively on Seeking Alpha.