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Transaction Details

Company: jetBlue
Ticker:jblu
Yahoo Beta:-0.11
Industry:airline

Company Description:  jetBlu is a low-cost no frills airline.

Purchase Date:29 Nov 2006 Sale Date:10 May 2007
Purchase Price:$13.61 Sale Price:$11.00
  --Split Adjusted:$13.61  --Split Adjusted:$11.00
Shares Purchased:100 Shares Sold:100
  --Split Adjusted:100  --Split Adjusted:100
Transaction Fee:$12.99 Transaction Fee:$13.01
Price Range (6 Months Prior):    Price Range (6 Months After):    
High$15.13 High$0.00
Date15 Nov 2006 Date01 Jan 1996
Low$9.24 Low$0.00
Date29 Nov 2006 Date01 Jan 1996
S&P (Purchase Date):$1,392.20 S&P (Sale Date):$1,497.22

Purchase
Timing:  We bought near the middle of the six month range.
Reason:  jetBlue has an attractive business model, but has been hurt by high fuel prices. The company has made significant efforts to lower labor costs. We anticipate that jetBlue has strong long term prospects. In addition, the stock price performance should move inversely with the price of energy stocks in our portfolio.

Sale
Timing:  
Reason:  As oil prices remain high and Delta has emerged from bankruptcy with a more competitve cost structure, we do not anticipate an improvement in jetBlue in the near future.

S&P Gain: 7.54 % Annualized Gain: 22.45%
Stock Gain: -19.18 % Annualized Gain: -44.75%

Dividends:$0.00
Net Holding Return ($): $-287.00
Net Holding Return (%): -20.89 %