Traditionally, I like to stay away from airlines; their earnings are unpredictable, they are highly dependent upon fuel costs, and fixed costs are high, which means the earnings are generally erratic. However, when a company is trading for less than the value of its assets, the value investor in me finds the opportunity almost too hard to pass up.
Regional carrier SkyWest, Inc. (NASDAQ:SKYW) currently offers value. Book value stands at $26.50 per share, which is a price-to-book value of 0.5 at current prices. What's more, the company actually...


