Save stock down way more than competitors?

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04-16-2020, 02:04 PM

#191

Mtnbikemike

Gets Weekends Off

Joined APC: Nov 2015

Posts: 211

Quote:

Originally Posted by Halon1211

Thinking about purchasing some more Spirit stock today since it’s down to about $12.50. Think it’s a smart move?

So many other things to buy that aren’t as risky. Airline stocks are in no man’s land right now.

04-17-2020, 10:39 AM

#192

Capt Ruby Pubes

Line Holder

Joined APC: Aug 2017

Position: I got a sick vendetta to get that chedda

Posts: 29

Quote:

Originally Posted by Halon1211

Thinking about purchasing some more Spirit stock today since it’s down to about $12.50. Think it’s a smart move?

You should be buying nothing right now. The market is moving up yet unemployment is reaching record highs. Just wait for the other shoe to drop.

04-17-2020, 01:37 PM

#193

FlyGuy2002

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Joined APC: May 2015

Posts: 468

The market may go down again and retest the lows. But if you have a 20 year horizon or longer now is a damn good time to buy. Nobody knows the bottom.
or the top for that matter. There are some extremely well run companies that will
be around 75 years from now on deep discount. (Think Wal mart, coke, McDonald’s ) The exact entry point isn’t as important as just getting In. I for one think spirit is a solid buy at this price. I wound generally stick with boring safe blue chip stocks right now . But if you wanna take a swing for a few thousand bucks .. I feel spirit is a solid risk/reward

02-10-2021, 01:41 PM

#194

bottoms up

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Joined APC: Aug 2013

Position: non reclining seat

Posts: 447

Quote:

Originally Posted by bottoms up

Bought in at 7.50. Did the same with UAL at 18.00. Will find out in a few years if the kids will go to private school or home school. (Nothing wrong with either)

Banking on a bailout. Probably not smart but I missed out buying CAL for pennies after 9-11.
The liquid courage helped me pull the trigger...excuse me while I go throw up now.

come on SAVE! Patience was all it took...Well that and a worldwide pandemic..at 7x probably going to pull the chute. Getting close. Keep it up guys!

02-10-2021, 02:22 PM

#195

OpenClimb

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Joined APC: Jun 2014

Position: A320 CA

Posts: 491

Quote:

Originally Posted by bottoms up

come on SAVE! Patience was all it took...Well that and a worldwide pandemic..at 7x probably going to pull the chute. Getting close. Keep it up guys!

No kidding. I've doubled my money based on my average cost basis for SAVE I bought approximately 10-11 months ago. I just need it to hold on for another couple of months so I can sell and pay tax based on long term capital gains instead of ordinary income. Rooting for you guys!

02-10-2021, 03:15 PM

#196

JaJaDingDong

New Hire

Joined APC: Aug 2020

Posts: 8

Still 1.8 million? Ouch. Guess all the "my plane was full" in the world doesn't fix selling 50 dollar one way transcons just to keep a few customers away from southwest.

02-10-2021, 03:19 PM

#197

Tranquility

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Joined APC: Sep 2014

Position: Da Bus, Left

Posts: 1,564

Well, non-ticket revenue was only down 4.5%.... We need butts in those seats to pay the ancillary portion of our revenue stream. I guess it could be worse.

02-10-2021, 04:26 PM

#198

Excargodog

Perennial Reserve

Joined APC: Jan 2018

Posts: 12,203

Quote:

Originally Posted by JaJaDingDong

Still 1.8 million? Ouch. Guess all the "my plane was full" in the world doesn't fix selling 50 dollar one way transcons just to keep a few customers away from southwest.

Let’s see, $1.9 BILLION in liquidity divided by $1.8 MILLION per day means NK can only keep going like this for about 1055 days...

Well, that’s only if the third PSP package doesn’t come through. If it does, that would take it out to about three and a third YEARS.

02-10-2021, 05:02 PM

#199

CincoDeMayo

That/It/Thang

Joined APC: Aug 2020

Posts: 2,954

Quote:

Originally Posted by Excargodog

As long as the legacy carriers keep begging for cash and Spirit gets a cut to not furlough employees they didn’t even intend to furlough, it’s a good deal.

Here Spirit is announcing hiring again, while receiving $185m in payroll support for this current round. That’s enough to cover cash burn for the next quarter.