PatrickBateman Posted January 19 Report Share Posted January 19 Bought yesterday and up 15% today. I have a feeling the buyout still happens. Thoughts? Quote Link to comment Share on other sites More sharing options...
mikeman Posted January 19 Report Share Posted January 19 31 minutes ago, PatrickBateman said: Bought yesterday and up 15% today. I have a feeling the buyout still happens. Thoughts? I thought the deal with jet blue was rejected? I heard talk that bankruptcy was possible for spirit. Quote Link to comment Share on other sites More sharing options...
mikeman Posted January 19 Report Share Posted January 19 I dont understand their business model, I've flown with them a couple times, I paid next to nothing, like $40-50 for a 1 way to/from vegas. And that price included the fees and taxes that were maybe $20. WTF is that, you cant make money doing that. Terrible conditions too, shitty seats, they wont even give you a free pop, lots of coons on board, I'm willing to punish myself for 3 hrs to save money but holy cow, what an awful airline. Quote Link to comment Share on other sites More sharing options...
WVU Posted January 19 Report Share Posted January 19 I bought in at 6.25. I know a guy who bought in at $6 for a million. He cleared a million betting on save on the last run up. Spirit is acting like the merger will go through. Who knows. Maybe modified a bit. Quote Link to comment Share on other sites More sharing options...
WVU Posted January 19 Report Share Posted January 19 Quote from a spirit guy: They are doing a streamlining of everything. They will make it is what I hear. But the engine Pratt & wittney issue on their new planes the Airbus 320 Neo is really hurting them. And others with the same engine. They found dust particles in the metal in some engine parts so they have to all be inspected and replaced where necessary. A low cost airline do not have lot of margins so every plane has to be in the air “all the time” it’s a gamble. But I’m in Quote Link to comment Share on other sites More sharing options...
PatrickBateman Posted January 19 Author Report Share Posted January 19 13 minutes ago, WVU said: Quote from a spirit guy: They are doing a streamlining of everything. They will make it is what I hear. But the engine Pratt & wittney issue on their new planes the Airbus 320 Neo is really hurting them. And others with the same engine. They found dust particles in the metal in some engine parts so they have to all be inspected and replaced where necessary. A low cost airline do not have lot of margins so every plane has to be in the air “all the time” it’s a gamble. But I’m in Same. Quote Link to comment Share on other sites More sharing options...
PatrickBateman Posted January 21 Author Report Share Posted January 21 On 1/19/2024 at 11:38 AM, WVU said: Quote from a spirit guy: They are doing a streamlining of everything. They will make it is what I hear. But the engine Pratt & wittney issue on their new planes the Airbus 320 Neo is really hurting them. And others with the same engine. They found dust particles in the metal in some engine parts so they have to all be inspected and replaced where necessary. A low cost airline do not have lot of margins so every plane has to be in the air “all the time” it’s a gamble. But I’m in Up 25% right now but next week is going to be brutal. Quote Link to comment Share on other sites More sharing options...
mikeman Posted January 21 Report Share Posted January 21 1 hour ago, PatrickBateman said: Up 25% right now but next week is going to be brutal. IMO buying their stock is a good but risky bet, I've been burned on co's that go bankrupt many times so i wouldn't touch it, prob a 20% chance they go under. Remember, going under does not mean they go out of business, they'll declare bankruptcy and then be aquired, with the shareholders getting nothing, Quote Link to comment Share on other sites More sharing options...
PatrickBateman Posted January 21 Author Report Share Posted January 21 23 minutes ago, mikeman said: IMO buying their stock is a good but risky bet, I've been burned on co's that go bankrupt many times so i wouldn't touch it, prob a 20% chance they go under. Remember, going under does not mean they go out of business, they'll declare bankruptcy and then be aquired, with the shareholders getting nothing, The stock market is going to get kicked in the nuts over the next month... Quote Link to comment Share on other sites More sharing options...
mikeman Posted January 21 Report Share Posted January 21 10 minutes ago, PatrickBateman said: The stock market is going to get kicked in the nuts over the next month... Why, i suspect it's going up. Quote Link to comment Share on other sites More sharing options...
PatrickBateman Posted January 21 Author Report Share Posted January 21 46 minutes ago, mikeman said: Why, i suspect it's going up. Corporate earnings. Quote Link to comment Share on other sites More sharing options...
Jimmy Hoffa Posted January 21 Report Share Posted January 21 1 hour ago, mikeman said: IMO buying their stock is a good but risky bet, I've been burned on co's that go bankrupt many times so i wouldn't touch it, prob a 20% chance they go under. Remember, going under does not mean they go out of business, they'll declare bankruptcy and then be aquired, with the shareholders getting nothing, I bought both Kodak and Polaroid on their way down. Everyone said Kodak was worth $10 per share just based on their patents alone. I bought it at $6 and watched it go to zero. After bankruptcy I think I got an $11.50 check. Very similar experience with Polaroid... Never try to catch a falling knife is what I learned. Quote Link to comment Share on other sites More sharing options...
PatrickBateman Posted January 21 Author Report Share Posted January 21 2 hours ago, Jimmy Hoffa said: I bought both Kodak and Polaroid on their way down. Everyone said Kodak was worth $10 per share just based on their patents alone. I bought it at $6 and watched it go to zero. After bankruptcy I think I got an $11.50 check. Very similar experience with Polaroid... Never try to catch a falling knife is what I learned. The Jetblue merger may still happen. Quote Link to comment Share on other sites More sharing options...
PatrickBateman Posted January 23 Author Report Share Posted January 23 Took my 51% gain and got the fuck out. Quote Link to comment Share on other sites More sharing options...
Jimmy Hoffa Posted January 23 Report Share Posted January 23 Attaboy Pat. Quote Link to comment Share on other sites More sharing options...
mikeman Posted January 23 Report Share Posted January 23 13 minutes ago, PatrickBateman said: Took my 51% gain and got the fuck out. I bought verizon for the divy a couple weeks ago, yesterday i sold it at a slight profit - today it opened $2 up. Quote Link to comment Share on other sites More sharing options...
Jimmy Hoffa Posted January 23 Report Share Posted January 23 2 minutes ago, mikeman said: I bought verizon for the divy a couple weeks ago, yesterday i sold it at a slight profit - today it opened $2 up. +$2.23 Mike... Quote Link to comment Share on other sites More sharing options...
Chi_Archie Posted May 9 Report Share Posted May 9 almost had to book a connector flight from Florida home after a June Peru trip. but we will just stay overnight and take our time getting home Quote Link to comment Share on other sites More sharing options...
PatrickBateman Posted May 10 Author Report Share Posted May 10 On 1/23/2024 at 10:24 AM, Jimmy Hoffa said: +$2.23 Mike... Verizon 🖕🏻 Quote Link to comment Share on other sites More sharing options...
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