Why I think the easyJet share price is a long-term buy

first_imgWhy I think the easyJet share price is a long-term buy See all posts by Rupert Hargreaves Click here to get access to our presentation, and learn how to get the name of this ‘double agent’! Rupert Hargreaves | Monday, 22nd March, 2021 | More on: EZJ Our 6 ‘Best Buys Now’ Shares The easyJet (LSE: EZJ) share price has been on a wild ride over the past 12 months. It’s easy to understand why. To try and control the spread of coronavirus around the world, governments have introduced travel restrictions. These have devastated the demand for air travel.And while the outlook for specific sectors of the economy has started to improve over the past few months, the outlook for the airline industry remains incredibly uncertain.5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…Indeed today, the easyJet share price and that of the company’s peers are trading sharply lower on speculation the government could extend the international travel ban. Uncertainty prevailsHere at the Motley Fool, we are long-term investors. That means we consider the long-term potential of a business rather than speculate about what could happen in the next few weeks or months. As such, when reviewing easyJet, I try to take into account its long-term outlook. Over the long run, I think the company has incredible potential. Its brand is one of the most established in the European aviation industry, and while it may not have the best record of customer service, its reputation is better than other low-cost peers.The airline’s average fee is also more than double that of its closest competitor Ryanair, but customers get much more for their money. Unlike many of the company’s European peers, easyJet also ended the crisis with a strong balance sheet. As a result, the organisation has been able to avoid taking a government bailout or collapsing. The easyJet share price as a long-term investmentThese qualities lead me to conclude that easyJet could be an excellent long-term investment. In my opinion, the best long-term investments are those companies with substantial competitive advantages and robust balance sheets. My research shows easyJet has both of these qualities. That’s not to say the business doesn’t have its risks. The airline industry is incredibly competitive. There’s a high chance a fares war will break out after the pandemic as operators fight for customers. This would have a detrimental impact on the group’s recovery.Analysts have also expressed concern about the group’s expansion pace. This could leave it with a more extensive-than-needed fleet and a weak balance sheet.So far, the company has managed to avoid these challenges, but there’s no guarantee this will continue to be the case. A long-term buy All of the above leads me to the conclusion that easyJet is a long-term buy. However, the group’s short-term outlook depends on how quickly the global economy recovers from the coronavirus pandemic.If the international travel market picks up towards the end of this year, the value of the stock may increase dramatically. If not, the stock could continue to fall. Nevertheless, despite this uncertainty, I’d buy the stock for my portfolio today based on the qualities outlined above as a long-term investment. Enter Your Email Address Rupert Hargreaves has no position in any of the shares mentioned. The Motley Fool UK has no position in any of the shares mentioned. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors.center_img I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement. There’s a ‘double agent’ hiding in the FTSE… we recommend you buy it! Image source: Getty Images Simply click below to discover how you can take advantage of this. Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee. Don’t miss our special stock presentation.It contains details of a UK-listed company our Motley Fool UK analysts are extremely enthusiastic about.They think it’s offering an incredible opportunity to grow your wealth over the long term – at its current price – regardless of what happens in the wider market.That’s why they’re referring to it as the FTSE’s ‘double agent’.Because they believe it’s working both with the market… And against it.To find out why we think you should add it to your portfolio today…last_img read more

"Why I think the easyJet share price is a long-term buy"

U.S. weekly offshore rig count flat at 12

first_imgThe number of active offshore rigs in the U.S. is down to 12 units, according to the latest weekly rig count report by Baker Hughes, a GE company. Baker Hughes Rig Count: U.S. +10 to 1,003 rigsU.S. Rig Count is up 10 rigs from last week to 1,003, with oil rigs up 11 to 808, gas rigs unchanged at 194, and miscellaneous rigs down 1 to 1.U.S. Rig Count is up 164 rigs from last year’s count of 839, with oil rigs up 136, gas rigs up 29, and miscellaneous rigs down 1 to 1.The U.S. Offshore Rig Count is unchanged at 12 rigs and down 10 rigs from last year’s count of 22.Baker Hughes Rig Count: Canada -23 to 111 rigsCanada Rig Count is down 23 rigs from last week to 111, with oil rigs down 23 rigs to 48 and gas rigs unchanged at 63.Canada Rig Count is down 21 rigs from last year’s count of 132, with oil rigs up 6 and gas rigs down 27.last_img read more

"U.S. weekly offshore rig count flat at 12"

Embracing the legacy: How Maya Washington used film to bond with her father

first_imgHer father, known by family and friends as humble and soft-spoken, shared that sentiment. “We had all of these fun sequences and montages that we constructed basically inspired out of that energy that she has, because she was so excited,” Acharya said. “That definitely factored into the process of how we approached stylistically what she wanted the documentary to be like.” It wasn’t until after she graduated with a bachelor’s in dramatic arts that Maya realized she really wanted to learn more about her father’s past. At a 2011 memorial for Bubba Smith, one of her father’s teammates at Michigan State, Maya met many of Gene’s friends, all of whom told her stories that got her creative mind spinning. After the February screening concluded, Maya was nearly mobbed by her many friends in attendance. Her smile only seemed to get wider as she greeted friends and family, and it never wavered when meeting the strangers that her friends brought along to the event. Maya said this opened her eyes to the different frames through which she and her parents experienced racism. She remembers learning about the era her father grew up in, where people who looked like him lived every day with the threat of being embarrassed and rejected simple services such as eating in a restaurant or staying in a hotel. As opposed to her father, who shrugged off even explicit racism, Maya recognized microaggressions that acted as a way for white students and faculty to express their ignorance. She recalled performing a monologue from “Sally’s Rape,” a Black feminist play by Robbie McCauley, which was an ambitious choice for the assignment. The response was less than supportive. Her classmates stared at her with “a deer in the headlights look.” Some of them left the class because they didn’t have the maturity to handle the experience. “We didn’t know what we were doing,” said Clinton Jones, a Spartans running back who entered the program with Gene and soon became his close friend. “We chained together as young men, 17 or 18 years old, who played football at Michigan State, and all we wanted to do was play football … We had no idea that we would create, through our victories, a momentum, and a joy and a happiness that permeated the campus and the United States, especially for people of color.” “The way my dad saw it was ‘I get a meal plan where I have food, I have a place to sleep and I’m getting an education in exchange for my passion and ability to run track, play football and win championships,’” she said. “And so from their standpoint, if someone looked at them funny, or called them a name or did anything that by today’s standards would be considered inappropriate and grounds for some kind of action or clapback, in my dad’s day, you didn’t really have a place to go.” Maya was born shortly after her father’s career concluded in 1974, and because he didn’t push his children to take part in sports or talk much about his playing days, she didn’t think too much about his role in history. Through making the film, she discovered a lot about what her father accomplished, and he is thankful the process brought them closer together. (From left to right) Anisha Acharya, Ben Carrington, Maya Washington, Clinton Jones, Daniel Durbin and Gene Washington at the Feb. 6 screening of Maya’s film “Through the Banks of the Red Cedar.” (Photo courtesy of Julianna Kirschner, Design: Sophia Quintos | Daily Trojan) USC Visions and Voices screened Maya’s film “Through the Banks of the Red Cedar” Feb. 6 at the auditorium in Wallis Annenberg Hall. The film, which premiered at the 2018 Detroit Free Press Film Festival, follows Maya’s discovery of her father’s history as a pioneer football player, a wide receiver out of Texas who was recruited to Michigan State because Southern teams did not recruit Black players. “For most of us, we know our parents in terms of whatever profession or work they did when they left the house and came home at the end of the day, however many jobs they worked to provide for a family,” she said. “But to understand the significance of what historical things may or may not have taken place around those experiences, I think was a big eye-opener for me.” While making the film, Maya was surprised by the subjects’ accounts of their experiences with racism. She was expecting to hear of the heinous acts and righteous response typical of the Civil Rights era, but her father and his teammates said everyone got along at Michigan State for the most part. Still, Maya enjoyed her time at USC because she had the opportunity to pursue all the creative directions her heart desired. Since graduating, she has worked as a writer, director, performer and art educator with experience in areas from film and theater to public art and social activism. center_img Washington always felt singled out as a kid. Growing up in Plymouth and Wayzata, Minn., she was one of the few Black students in her schools. This lack of diversity was evident in her yearbooks, which went entire pages without displaying a photo of a person of color. However, she was singled out even more as the youngest daughter of Gene Washington, a former wide receiver for the Minnesota Vikings and a Michigan State legend. To fit into a community where she wouldn’t always be the focus of attention, she decided to go to USC, a bigger and more diverse population where no one would know what her father accomplished. Then-Spartans head coach Duffy Daugherty sought a competitive advantage by recruiting in the untapped African American communities south of the Mason- Dixon Line, and it paid off. Michigan State won back-to-back national championships in 1965 and 1966, making a nationwide statement about the value of recruiting Black players.  “It really gave us an opportunity, especially for me to get to know her a lot better,” Gene said. “She was finding out all this information from family members and learning a lot about her dad. I found it very interesting and a pleasant surprise that really made me think.” “It was really special to have made this screening of the film and coming full circle of embracing and loving my dad’s history, and loving him through that history and being able to share that openly on this campus,” Maya said. “When you’re trying to put a documentary together or tell a story, there’s a whole lot of qualities that you as a person have to have,” he said. “That patience, that discipline and determination, and working hard to get better and get it done. I’ve seen all of that, and I’m so, so proud that she has mastered that skill.” And yet, the sense of being othered didn’t stop at USC, which, while more diverse than the Minnesota areas she grew up in, was still a predominantly white school. Maya was one of the Black students in her theatre program who, along with Latinx and Asian American classmates, had to appeal to their dean and administrators to diversify their Eurocentric course material, which didn’t feature many minority creators. Anisha Acharya, who became Maya’s editor midway through the filmmaking process, attributed Maya’s positive, energetic attitude to her performative background. Maya clearly had a different college experience than her father. There were more people who looked like her at USC, and she made sure to apply to live in Somerville Place, an African American student housing community, to foster that sense of belonging.  Gene said he is proud of all Maya has accomplished, but the film is the work of hers that hits closest to home for him. For his role on those championship teams, Gene was inducted into the College Football Hall of Fame in 2011. He also won the 1969 NFL Championship with the Minnesota Vikings. Most people go to college looking to make a name for themselves. Maya Washington just wanted to be a number. Gene’s pride in Maya’s work speaks to not only how strong their relationship has always been, but also the unique role “Through the Banks of the Red Cedar” has had in bringing them closer together. Maya relished the chance to screen the film at USC. At the place she went to escape from Gene’s shadow, she and her father got to celebrate the thing that brought them closer together.last_img read more

"Embracing the legacy: How Maya Washington used film to bond with her father"