My opinion based on my limited knowledge on the company & investing as well:
- airline companies are bleeding due to high oil prices; chances of airlines going bankrupt are high causing uncertainty in growth in short term.
- price had run up pricing in growth expected due to merger with Mercator and change in ownership. Since, growth has been lacklustre in last 2-3 yrs, investors might have been moving out in these troubled times for airlines.
- lack of communication from management to investors regarding growth potential, long term plans etc, which makes things difficult for small investors.
Disc: invested recently @1100; small allocation;
Another 10-15% correction would increase margin of satety substantially.