Yeah it can be dangerous. But it doesn't look like we are getting to that stage yet.
Its not like we are getting up to a run rate 50PE or whatever including increased forecasts for the rest of the year.
It is only like a run rate 25-27 PE at most with scheduled capacity increases that are looking very likely to be filled, no debt, cash in the bank and tax refund credits and increasing capacity.
IMO we are still not even close to getting to a dangerous or unwarranted level.
Just my opinion though.
Ann: ANO Investor Presentation Update, page-106
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