Marijuana Airlines

The marijuana stocks have been on fire lately. No matter how tenuous the connection to medical marijuana or recreational marijuana or hemp, it has caused a lot of activity in the stocks. Whether it's growing supplies, processing transactions for dispensaries, or vending machines, extensive attention is given to these companies. The flurry has caused the Stockerblog.com Marijuana Stock Index to rise 30% in the last month, and an incredible 326% in the last two months, according to the index analysis at WallStreetNewsNetwork.com.

Now the latest tenuous connections are the airlines that have a hub at Denver, Colorado, due to the huge increase in the number of travelers to Colorado to take advantage of the new law. There are actually several airlines that serve Denver, but three main airlines with hubs there. First, there is Frontier Airlines, which is privately owned.

Second, there is United Airlines, a division of United Consolidated Holdings (UAL). Denver is the western hub for the airline, which flies all over the United States. The stock trades at 29 times trailing earnings and eight times forward earnings. Revenues for the latest quarter were up 7.2%, and the company reported earnings of 1.53 per share.

The third airline with a Denver hub is the regional airline Great Lakes Airlines (GLUX), which flies to Phoenix, Los Angeles, Minneapolis, and other major cities. For the quarter ended September 30, earnings were down 41.5% on a revenu drop of 15.4%.

To see a list of all the other marijuana related stocks, which includes a description of its business and connection, go to WallStreetNewsNetwork.com.

Disclosure: Author owns GLUX.

By Stockerblog.com