Allegiant Travel: Multiple Economic Hurdles To Overcome (NYSE:ALGT)
Pgiam/iStock via Getty Images Investment summary Trading at a c.50% discount to the sector at 8x forward earnings and 9x forward EBIT, Allegiant Travel Company (NASDAQ:ALGT) has popped onto our radar with potential relative value. As I’ll cover here today, though, the economic value of ALGT in the investment context does not support a rating…