This is probably the shortest post I will ever write here but I would like you to read this phenomenal shareholder letter from Maurice Gallagher, CEO of Allegiant Travel.
The transparency into operations and the relatively detailed rationale behind key investments was refreshing. Thanks for the share. I was smiling at the part mentioning the opportunistic equity raise above pre-pandemic prices in May 2021 - Allegiant was the only one to do it.
Thanks for sharing! I did enjoy it. But can you provide a little more commentary on why you found it phenomenal? Just to guide a little more on what you are looking for in these letters. Thanks!
A rare combination of a very detailed explanation of business performance in a simple and clear language, business value drivers, culture, this is how you communicate to your business partners. It’s clear the letter was written by CEO himself, it has its unique style and no typical marketing/promotional angle, no BS. If we assume Buffett’s letter as the golden standard, this one is pretty close.
The transparency into operations and the relatively detailed rationale behind key investments was refreshing. Thanks for the share. I was smiling at the part mentioning the opportunistic equity raise above pre-pandemic prices in May 2021 - Allegiant was the only one to do it.
Thanks for sharing! I did enjoy it. But can you provide a little more commentary on why you found it phenomenal? Just to guide a little more on what you are looking for in these letters. Thanks!
A rare combination of a very detailed explanation of business performance in a simple and clear language, business value drivers, culture, this is how you communicate to your business partners. It’s clear the letter was written by CEO himself, it has its unique style and no typical marketing/promotional angle, no BS. If we assume Buffett’s letter as the golden standard, this one is pretty close.