Shares of Allegiant peaked at 57 in April and have fallen to 42 as insiders sell. One bear says weaker earnings ahead could bring the stock price down to 24.

powerful of late

going up

solid finance, income, offers good deals to travellers,doubled EPS, etc

Market Outperform - Price 29.34 on Jan. 8
by Avondale Partners

[Las Vegas-based airline] Allegiant reported December traffic grew 42% on a 38% increase in capacity...as expected....With higher fuel prices, we are lowering our 4Q earnings estimate from a profit of 25 cents, to a profit of 9 cents [versus] 24 cents in the December quarter [last year]. Our new earnings estimate for '07 is $1.37, versus our prior $1.53 estimate. We continue to estimate earnings for 2008 at $2.21. Target: 50. Market-cap: $598 million.

BUY

P/E is 50, the PEG is 1.34, and the P/S is 2.4.

Downgraded by Prudential from Overweight to Neutral

Building base, excellent growth figures.

growth

selling more stock