Yet Another Value PodcastPublished 2026-08-20
“$ELAL: El Al is a wartime monopoly at 2x EBITDA. Is that a trap? | ASB Partners”
$ELALBullish
ELAL is a high-quality, underfollowed asset trading cheaply (2.3x EV/EBITDA) with strong downside protection due to net cash, owned fleet, and loyalty program value; wartime monopoly dynamics provide asymmetric upside.
We're talking about LL Airlines. I hope I said that right. It's the Israeli national airlines is basically what it is. And he's got a thesis, you know, downside protection, lots of assets, the interesting pricing structure, interesting competitive dynamics, all that type of stuff.
What they said to watch for