United (UAL) Stock Looks Reasonable On Its 173% Three Year Run

United Airlines Holdings has pulled back in the short term, yet the longer track record is far stronger. This puts a spotlight on whether today’s share price lines up with the cash the business can generate over time. For anyone watching the airline sector, the question is how much of that cash flow story is already embedded in the current valuation. Over the past 3 years, United has delivered a share price gain of 173.1%, so a lot of future cash flow is now being implicitly priced in. A new...