$RJET

RJET: 2.2x operating cash flow, a weird moat, and two bankruptcies

Republic Airways trades at a 2.16x price-to-operating-cash-flow ratio well below book value with a compelling 7 Piotroski F-Score. The company has a durable moat as the largest operator of Embraer E175s (the only regional aircraft that complies with union-negotiated seat/weight limits), and minority shareholders benefit from strategic ownership by the three major airlines (57.7% combined) that ensure operational viability and contract renewal.