CONTINENTAL'S IPO: DON'T RUSH IN

摘要

Investing in airlines, as a hedge-fund investor once warned me, demands elaborate precautions: nothing short of garlic necklaces and voodoo incantations. So susceptible are airlines to every gust—rising fuel prices, slowing economic growth, stormy labor relations, and rotten weather—that the stocks seem to suit only the brave or the foolish.