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Are shares of Spirit Airlines ready for takeoff?

By Ryan Derousseau @FortuneMagazine March 21, 2013: 7:20 AM ET
(Fortune)

Will Nasgovitz's boyhood chats with his dad were unusual: The two would talk stocks, with the father, mutual fund manager Bill, preaching the importance of companies with little debt, strong cash flow, and a catalyst for growth. Will, now 34, embraced the philosophy, joining his dad's $1.1 billion Heartland Value Fund as a co-manager in 2009. Together they've averaged annual returns of 8.5% over 15 years (vs. 4.5% for the S&P). A recent favorite: Spirit Airlines.

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