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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:06 Nov 2002 Sale Date:22 Sep 2004
Purchase Price:$41.19 Sale Price:$22.63
  --Split Adjusted:$18.30  --Split Adjusted:$50.92
Shares Purchased:100 Shares Sold:225
  --Split Adjusted:225  --Split Adjusted:100
Transaction Fee:$82.04 Transaction Fee:$124.20
Price Range (6 Months Prior):    Price Range (6 Months After):    
High$54.50 High$0.00
Date06 May 2002 Date01 Jan 1996
Low$30.15 Low$0.00
Date09 Oct 2002 Date01 Jan 1996
S&P (Purchase Date):$923.76 S&P (Sale Date):$1,113.56

Purchase
Timing:  Bought near midpoint of six month price range.
Reason:  jetBlue has an attractive business model and

Sale
Timing:  
Reason:  Although we like jetBlue's business model, the airline industry is a highly competitive, low margin business. A PE of 30 seems excessive. In addition, the decision to add a second, unproved type of aircraft may erode jetBlue's low cost structure.

S&P Gain: 20.55 % Annualized Gain: 10.99%
Stock Gain: 23.66 % Annualized Gain: 12.58%

Dividends:$0.00
Net Holding Return ($): $768.01
Net Holding Return (%): 18.29 %