This MSNBC Reuters article has an interesting take on the stock valuation of Jet Blue. We discussed in class how investors look at future cash flow and risk when valuing companies... the Chase analyst suggest that the success of the stock price is actually driving the expectations of future earnings/ cash flow.

“We have voiced concerns frequently with JetBlue’s valuation in the last several weeks,” said Chase, who said there was a sense that JetBlue’s rocketing share price had driven earnings expectations, instead of the reverse.