Investment Guru Mohnish Pabrai has reduced his shares in regional airline Pinnacle Airlines Corp (PNCL, Financial). GuruFocus Data shows that Pabrai has sold 6.6% of his stake in PNCL at the price of $6.97 per share. After the transaction he still held 2.56 million shares.
Pinnacle Airlines Corp. a regional airline offers scheduled passenger service throughout the United States. The Company is a Northwest Airlink carrier and operates a fleet of aircraft consisting of Bombardier Canadair Regional Jets and Saab 340 turboprops. Pinnacle Airlines Corp. has a market cap of $117.3 million; its shares were traded at around $6.4 with a P/E ratio of 5.3 and P/S ratio of 0.1.
Pabrai entered a 800K share position during 4Q05 when the stock was at around $6.67. He had a peak position of 3.3 million shares in 1Q08 and since then the he has been selling very slowly. As of the end of 2Q09, he had 2.73 million shares.
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Pinnacle Airlines Corp. a regional airline offers scheduled passenger service throughout the United States. The Company is a Northwest Airlink carrier and operates a fleet of aircraft consisting of Bombardier Canadair Regional Jets and Saab 340 turboprops. Pinnacle Airlines Corp. has a market cap of $117.3 million; its shares were traded at around $6.4 with a P/E ratio of 5.3 and P/S ratio of 0.1.
Pabrai entered a 800K share position during 4Q05 when the stock was at around $6.67. He had a peak position of 3.3 million shares in 1Q08 and since then the he has been selling very slowly. As of the end of 2Q09, he had 2.73 million shares.
GuruFocus provides real time information and insights of Investment Gurus such as Warren Buffett and Mohnish Pabrai for Premium Members. If you are not a premium member, click here to sign up or upgrade. 7-Day Free Trial is available.
