BoostJunky - Thanks, although after Covid recovery I plan to have more boring investments, so there probably won't be as many posts like that one.
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I'd like to change my earlier sentiment - avoid the airlines, I was wrong about the recovery numbers. Yes, the stock price as of a year ago was correct - but all of the airlines have diluted their stock, which reduces the recovery.
For example, Southwest Airlines started 2020 at $54.38/sh, but since then they added 14% more shares which now share the company's market cap and earnings. So for calculating a recovery, that $54.38 needs to be divided by 1.141 to get $47.66/sh. With dilution calculated in, LUV only has 8.5% in a recovery...
SAVE's 1.428 dilution leaves it only 9.9% away from a full recovery
Dividing AAL's starting price of 2020 by 1.459 gives +15.7% until recovery.
With dilution factored in, there isn't much room for recovery in airline stocks.