Spirit Airlines Is Poised To Be The Next Ryanair: Tilson

Spirit Airlines Is Poised To Be The Next Ryanair by Whitney Tilson

Summary

The selloff in Spirit Airlines’ stock, down 51% this year, is hugely overdone.

The company has amazing economic characteristics and the long growth runway, yet the stock trades at less than 9x earnings.

Over the next decade, I believe that Spirit – both the company and the stock – will do what Ryanair has done over the past decade in Europe.

On Monday afternoon I presented Spirit Airlines as my favorite long idea at the Robin Hood Investors Conference. Since then, I've updated my slides and posted them here.

My investment thesis can be summarized in one sentence: there are very few companies I'm aware of that are growing 20%+, with 25%+...