FlySooner9
Well-Known Member
Hey guys, not sure if anyone has noticed but XJT's stock is down to 55cents and has been on a steady decline as of late. Out of curiosity just how low can that price go before something happens?
Hey guys, not sure if anyone has noticed but XJT's stock is down to 55cents and has been on a steady decline as of late. Out of curiosity just how low can that price go before something happens?
I'm not a stock guru or anything but why would you consider shorting XJT? It doesn't really have a lot of room to go down.
On a side note, I noticed the market value of US Air is something like $225 million. If my understanding of the markets is correct, does that mean if you had $225 million you could buy up all the stock and own the company? And they have $2+ billion in the bank (or did prior to the end of this year...haha). Anyway why not buy the company, take it private, take your money back out and some, and then sell it's assets off piece by piece?
You also buy a company's liabilities as well. I havent looked at any airlines balance sheet in a long time so i am just guessing, but very rarely will a company trade at less than their cash holdings unless there are some major liabilities. Last time I dabbled in airline stocks was frontier and did pretty well. As a rule, avoid airline stocks like the plague.I'm not a stock guru or anything but why would you consider shorting XJT? It doesn't really have a lot of room to go down.
On a side note, I noticed the market value of US Air is something like $225 million. If my understanding of the markets is correct, does that mean if you had $225 million you could buy up all the stock and own the company? And they have $2+ billion in the bank (or did prior to the end of this year...haha). Anyway why not buy the company, take it private, take your money back out and some, and then sell it's assets off piece by piece?
I'm not a stock guru or anything but why would you consider shorting XJT? It doesn't really have a lot of room to go down.
As Southernjets pilot "Agent Smith" would say, friends don't let friends buy airline stock.You also buy a company's liabilities as well. I havent looked at any airlines balance sheet in a long time so i am just guessing, but very rarely will a company trade at less than their cash holdings unless there are some major liabilities. Last time I dabbled in airline stocks was frontier and did pretty well. As a rule, avoid airline stocks like the plague.
I've heard that speculation going on since the major shareholders were putting pressure to just drop branded altogether, renegotiate with CAL, and get more CPAs. I thought it would have happened by now.I wouldn't be surprised if our management buys all the stock and takes the company private. Especially with the massive growth in our charter division. It would give management more control over the direction of the company, without having hedge fund managers breathing down our necks.
I wouldn't be surprised if our management buys all the stock and takes the company private. Especially with the massive growth in our charter division. It would give management more control over the direction of the company, without having hedge fund managers breathing down our necks.
I'm not a stock guru or anything but why would you consider shorting XJT? It doesn't really have a lot of room to go down.
On a side note, I noticed the market value of US Air is something like $225 million. If my understanding of the markets is correct, does that mean if you had $225 million you could buy up all the stock and own the company? And they have $2+ billion in the bank (or did prior to the end of this year...haha). Anyway why not buy the company, take it private, take your money back out and some, and then sell it's assets off piece by piece?
Please elaborate.They'd have a helluva time buying for any less than $3.50 a share without any anit-trust suits.
Please elaborate.
They'd have a helluva time buying for any less than $3.50 a share without any anit-trust suits.
Examples of illegal practices are price-fixing conspiracies, corporate mergers likely to reduce the competitive vigor of particular markets, and predatory acts designed to achieve or maintain monopoly power.
that's a lot of cashola down the drain just because management wanted to protect an ego.
Yeah I'm right there with you. How is management buying the shares of the company have anything to do with this?Uh, I'm not following here, merit.
I don't see how a stock buyback to take a company private would be forming a monopoly, engaging in price fixing or reducing competition. XJT doesn't own any other companies, and pretty much every market they go into to with their regional and branded operations has healthy competition already. There's plenty of competition for the charter biz, so I really don't see how anti-trust would apply in this case.
So that would leave us with a tough decision at lunch. A couple of tacos or 14 shares of xjt.
I bought some Northwest and United stock just after Sept. 11. I though, hey, a couple hundred bucks, this will either go really well, or really bad, but it is worth a shot. The last time it still showed up in my portfolio it would cost me more to sell it in commission than to keep it. It eventually got filed away in the chapter 11 filling cabinet...
Yeah I'm right there with you. How is management buying the shares of the company have anything to do with this?