feasible for the employees to take control?
#22
Gets Weekends Off
Joined APC: Jul 2023
Posts: 358
#23
Gets Weekends Off
Joined APC: Jun 2009
Posts: 275
If you have $37,000 (post tax) you don't ever need again then go for it. Spirit's market value is about $270M. Its projected loss in Q3 (based on management forecast of $1.16B revenue with 29% operating loss) is going to be about a $330M loss, which is more than its entire market cap.
Maybe some wallstbets group on Reddit would step in to crush the shorts and start buying shares? That would be interesting. Could turn it into a meme stock like Gamestop or AMC.
Maybe some wallstbets group on Reddit would step in to crush the shorts and start buying shares? That would be interesting. Could turn it into a meme stock like Gamestop or AMC.
only need a triple from here to break even.
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