News thread
12-04-2023, 10:10 AM
#291
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Joined APC: Aug 2007
Posts: 686
Most likely, the price will be driven down to less than $1 for a while (thereby triggering its absence from the market). Then, Indigo will profer an offer to the investment banks that hold the majority of stock to buy it all back (pennies on the dollar) - they'll sell and the company will be private again.
No more public financial records, 10-Qs, etc.
Then, they'll negotiate a new contract stating that we're losing money (without providing proof other than the recent stock price drop) and need concessions.
No more public financial records, 10-Qs, etc.
Then, they'll negotiate a new contract stating that we're losing money (without providing proof other than the recent stock price drop) and need concessions.
12-04-2023, 10:49 AM
#292
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Joined APC: Mar 2021
Posts: 1,315
How things are supposed to work: https://www.thestreet.com/sports/mar...-amin-elhassan
Mark Cuban shocked the sports world on Tuesday when it was announced that he was selling majority ownership of the Dallas Mavericks to billionaire Miriam Adelson.
Cuban sold stake for a valuation worth $3.5 billion — a massive increase over the $285 million he paid to buy the Mavericks in 2000
12-04-2023, 02:15 PM
#294
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Joined APC: Aug 2007
Posts: 686
If this is "their plan" then they are the dumbest investors on the planet
How things are supposed to work: https://www.thestreet.com/sports/mar...-amin-elhassan
How things are supposed to work: https://www.thestreet.com/sports/mar...-amin-elhassan
12-04-2023, 03:54 PM
#295
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Joined APC: Dec 2012
Posts: 2,147
They would more than likely have to pay a bit of a premium but nowhere near 19. Some folks over at mountain capital seem to believe this is a potential outcome. Going private again. Probably why it’s a rumor floating around.
12-04-2023, 05:00 PM
#296
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Joined APC: Mar 2021
Posts: 1,315
"Going private" article from Harvard:
https://corpgov.law.harvard.edu/2022...ny-go-private/
https://www.investopedia.com/terms/g/going-private.asp
Many going private transactions involve significant amounts of debt. In these situations, the assets of the acquired company are used as collateral for the loans, and its cashflows are used to pay for debt servicing.
My Opinion
1. No major US Part 121 carrier flying Airbus or Boeing equipment is "private." They are ALL traded on the stock market. Big-3, Allegiant, Sun Country, etc.
2. I see no "pay off" by going private, which would include working with shareholders and other major investors (BlackRock, etc) and getting them to agree.
3. Going private would require "delisting" from the stock exchanges, which carries with it, real or otherwise, a "vote of confidence" that the SEC, etc is monitoring the financials.
4. See point #1 above.
https://corpgov.law.harvard.edu/2022...ny-go-private/
“Taking companies private to pivot the strategy direction or the business model is much easier without the pressure of shareholders and regulatory bodies,” Claudia Fan Munce, a director of Arteris, Best Buy Co., and Bank of the West, who served on the board of CoreLogic until it was taken private last year, said. She also has experience investing and in venture capital. “[They can] come back out public again after the company reestablishes itself in the new direction.”
According to Fan Munce, however, it is rare that a company would consider going private without reacting to external pressure. Usually, the board would consider this option in reaction to shareholder challenges or proxy fights.
According to Fan Munce, however, it is rare that a company would consider going private without reacting to external pressure. Usually, the board would consider this option in reaction to shareholder challenges or proxy fights.
Many going private transactions involve significant amounts of debt. In these situations, the assets of the acquired company are used as collateral for the loans, and its cashflows are used to pay for debt servicing.
1. No major US Part 121 carrier flying Airbus or Boeing equipment is "private." They are ALL traded on the stock market. Big-3, Allegiant, Sun Country, etc.
2. I see no "pay off" by going private, which would include working with shareholders and other major investors (BlackRock, etc) and getting them to agree.
3. Going private would require "delisting" from the stock exchanges, which carries with it, real or otherwise, a "vote of confidence" that the SEC, etc is monitoring the financials.
4. See point #1 above.
12-04-2023, 08:31 PM
#297
Gets Weekends Off
Joined APC: Feb 2014
Position: Lineholder
Posts: 1,425
"Going private" article from Harvard:
https://corpgov.law.harvard.edu/2022/08/14/should-your-company-go-private/
https://www.investopedia.com/terms/g/going-private.asp
My Opinion
1. No major US Part 121 carrier flying Airbus or Boeing equipment is "private." They are ALL traded on the stock market. Big-3, Allegiant, Sun Country, etc.
2. I see no "pay off" by going private, which would include working with shareholders and other major investors (BlackRock, etc) and getting them to agree.
3. Going private would require "delisting" from the stock exchanges, which carries with it, real or otherwise, a "vote of confidence" that the SEC, etc is monitoring the financials.
4. See point #1 above.
https://corpgov.law.harvard.edu/2022/08/14/should-your-company-go-private/
https://www.investopedia.com/terms/g/going-private.asp
My Opinion
1. No major US Part 121 carrier flying Airbus or Boeing equipment is "private." They are ALL traded on the stock market. Big-3, Allegiant, Sun Country, etc.
2. I see no "pay off" by going private, which would include working with shareholders and other major investors (BlackRock, etc) and getting them to agree.
3. Going private would require "delisting" from the stock exchanges, which carries with it, real or otherwise, a "vote of confidence" that the SEC, etc is monitoring the financials.
4. See point #1 above.
Nevertheless, this company isn't headed in a positive direction. Stock plummeting, quarterly losses when most others profit, pending labor contracts, gate issues in the main base (DEN), **** poor pilot rentention, etc. This is supposed to be a time of growth and prosperity.
12-05-2023, 05:14 AM
#298
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Joined APC: Dec 2021
Posts: 593
The stock opened at $20 - the whole reason for going public was to raise funds and make the purchase of Spirit easier. That fell through. Since, BB, BL and others receive salary/compensation in the form of stock - and most have sold off most if not all of their stock. The stock has steadily declined since inception and the company has purposefully operated recklessly. BB continues to lie to stockholders about the pilot market and retantion, potential Pratt and Whitney engine issues in the future, etc. As such, Indigo would benefit GREATLY from not having to divulge company financials and given recent actions, the "vote of confidence" is a no brainer - investment banks would jump at a "salvage" offer of a stock buyback from Indigo. This is so obvious I'm surprised the SEC doesn't investigate.
Nevertheless, this company isn't headed in a positive direction. Stock plummeting, quarterly losses when most others profit, pending labor contracts, gate issues in the main base (DEN), **** poor pilot rentention, etc. This is supposed to be a time of growth and prosperity.
Nevertheless, this company isn't headed in a positive direction. Stock plummeting, quarterly losses when most others profit, pending labor contracts, gate issues in the main base (DEN), **** poor pilot rentention, etc. This is supposed to be a time of growth and prosperity.
The legacies may be just behind and will slow down too.
One tiny data point, but my commute has been wide open, like 50% load numerous times. I would not be surprised to see capacity trimmed by the big 4 next year.
12-05-2023, 05:17 AM
#299
Gets Weekends Off
Joined APC: Feb 2008
Posts: 19,599
The stock opened at $20 - the whole reason for going public was to raise funds and make the purchase of Spirit easier. That fell through. Since, BB, BL and others receive salary/compensation in the form of stock - and most have sold off most if not all of their stock. The stock has steadily declined since inception and the company has purposefully operated recklessly. BB continues to lie to stockholders about the pilot market and retantion, potential Pratt and Whitney engine issues in the future, etc. As such, Indigo would benefit GREATLY from not having to divulge company financials and given recent actions, the "vote of confidence" is a no brainer - investment banks would jump at a "salvage" offer of a stock buyback from Indigo. This is so obvious I'm surprised the SEC doesn't investigate.
Nevertheless, this company isn't headed in a positive direction. Stock plummeting, quarterly losses when most others profit, pending labor contracts, gate issues in the main base (DEN), **** poor pilot rentention, etc. This is supposed to be a time of growth and prosperity.
Nevertheless, this company isn't headed in a positive direction. Stock plummeting, quarterly losses when most others profit, pending labor contracts, gate issues in the main base (DEN), **** poor pilot rentention, etc. This is supposed to be a time of growth and prosperity.
"Form 41 Financial Schedule consists of financial information on large U.S. certified air carriers--includes balance sheet, cash flow, employment, income statement, fuel cost and consumption, aircraft operating expenses, and operating expenses. Note:Numbers presented on B1, B11 Balance Sheet and P11, P12 Statement of Operations now follow the format of common public financial documents. This format reverses signs from the accounting format in which numbers appeared prior to 10/18/2006 "
12-05-2023, 05:44 AM
#300
Gets Weekends Off
Joined APC: Feb 2014
Position: Lineholder
Posts: 1,425
All large airline in the US have to report financials. Doesn't matter if they are private or not. Form 41 data is public and lays everything out there. You can delay the release of that data like Breeze does but eventually you must file it. Breeze is still hiding their second quarter 2023 data but it has to be released shortly.
"Form 41 Financial Schedule consists of financial information on large U.S. certified air carriers--includes balance sheet, cash flow, employment, income statement, fuel cost and consumption, aircraft operating expenses, and operating expenses. Note:Numbers presented on B1, B11 Balance Sheet and P11, P12 Statement of Operations now follow the format of common public financial documents. This format reverses signs from the accounting format in which numbers appeared prior to 10/18/2006 "
"Form 41 Financial Schedule consists of financial information on large U.S. certified air carriers--includes balance sheet, cash flow, employment, income statement, fuel cost and consumption, aircraft operating expenses, and operating expenses. Note:Numbers presented on B1, B11 Balance Sheet and P11, P12 Statement of Operations now follow the format of common public financial documents. This format reverses signs from the accounting format in which numbers appeared prior to 10/18/2006 "
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