Alaska Air Group, Inc. ($ALK) and PAR Capital Management

Meb Faber sent out an interesting note from The Idea Farm today about PAR Capital Management. PAR are a $4.3 billion hedge fund with a specialization in airline stocks. According to their latest 13F filing, their fourth largest holding at almost 7 percent of the fund is Alaska Air Group, Inc. (ALK). Check out the Large Cap Screener. ALK is the eight cheapest stock right now. The screener is remarkably adept at identifying the stocks that the best stock pickers buy.