Yup — Air Wisconsin has been hiding in grey market obscurity but was just forced to post earnings for the first time in 9 years, and it’s trading at a ludicrous 0.8x TTM EBITDAR

Originally published on Substack on December 26, 2020.

04/01/21 10K Update:

Key Highlights

Structure of this article

  1. Why, why, y tho
  2. Market outlook
  3. LMND — Strategic assessment
  4. LMND — Financial valuation
  5. Investment strategy

Part I: Why, why, y tho

Jay Gao

Growth Equity FT but I write about interesting public equity ideas

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