Wall Street Anaylst Gives Thumbs Up to Pet Airways

We don't usually share Wall Street analysis here at Travel Agent, but we're making an exception today as Wall Street analyst and management consultant, Leonard Bogner, has published a report on Corporate Profile's CPreports.com that includes a "speculative buy" rating for Pet Airways (American Antiquities Inc, dba Pet Airways, OTC Bulletin Board: AAQS) stock and a six- to 12-month price target of  $3.50-$4 per share. The airline, which plans flights for pets only, launched in April 2009 and has received a lot of attention from our readers, primarily those hoping the carrier will add service to certain destinations. Hopefully, Bogner's endorsement is a step in the right direction for the airline to expand its network or routes.

According to Bogner's report, Pet Airways  "has a decided head start at serving a substantial, but heretofore untapped and well-established market, and is within a year's timeline of achieving well-above-average success." The report also says that airlines's "ability to hit its stride is not encumbered by the business "Three R's" rudiments:   regulatory (e.g., governmental approvals), restrictive (e.g., high barriers to entry), or fixed-capital resourced (e.g., building a vast infrastructure of plants, property and equipment that requires a large (and continuous) infusion of capital and a 36-month (or more) construction timetable—and perhaps a decade to achieve a positive rate of return). Consequently, the Company's results should be seen—and rewarded—in a relatively short period."

Leonard Bogner is President of Bogner Business Associates LLC and has 35 years of experience on Wall Street as an equities research analyst. Click here to read his full report.


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