Big News Coming
$Spirit Airlines (SAVE.US)$ and $JetBlue Airways (JBLU.US)$ have a much stronger appeal than most realize, and the Biden Admin. will look like fools for forcing Spirit into bankruptcy during an election year. Even Judge Young in his decision welcomed JetBlue and Spirit to “take another bite at the apple” and present a modified merger agreement. With $Alaska Air (ALK.US)$ buying $Hawaiian Holdings (HA.US)$ for $18 when it was trading at $4.40 and $Frontier Group (ULCC.US)$ waiting in the wings to buy SAVE if JBLU fails, I believe that a high-stakes game of “chicken” is happening… and a modified deal will happen.
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Writer, Producer, Professor, Investor, and Protector of Animals—especially cats 🐈⬛
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RoNo : What’s the big news coming?
Justin Brewer OP RoNo : As I wrote, I believe either a settlement with the DOJ will be reached in June or a revised agreement between JBLU and SAVE will be put in place before the July expiration. That is the BIG news I expect will be coming, so I am loading up on the stock at the current prices.
RoNo : I wouldn’t think any of that happens before the appeal. In the best interest of spirit to hold jblu to the original deal through the appeal. I’d bet (as in I am betting) if the appeal fails Carl Icahn Is going to push Spirit into a corner. Pure uniformed spec but;-))I’m buying every dip.moomoo executes poorly. I had a limit order yesterday for 6.20 and it failed to execute. Good luck!
RoNo : It’s worth noting that short of an exogenous event it is unlikely Spirit would be forced into bankruptcy. They are addressing the debt issue with the lenders and a possible dilution of shares, implementing their cost reduction measures, and made it clear in the call that bankruptcy was not in the cards.
Justin Brewer OP RoNo : Stay tuned…
QMengColdJoke : news it out, considering recent events, deep state is actively involving to support Biden. Biden Administration is fool…
RoNo : So the best case scenario is off the table…I trimmed my position accordingly but still think it has some upside. Maybe 8-9.
Justin Brewer OP RoNo : More news is coming…..