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Alaska Air Group Inc. ($ALK), Fortune Favors The Strongest Balance Sheet

Everybody is going to want to fly somewhere soon right? You can feel the strong desire; perhaps the greatest ever simultaneous experience of ‘cabin fever’. So, you should be able to buy anything that takes people around on something with wings and have a heyday, right? Unfortunately, this is incorrect. Investing in one of the most bankruptcy-prone and heavily regulated industries in America is difficult, can be counter-intuitive and is subject to economic and regulatory forces that sometimes...

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