TSLA
Tesla
-- 410.440 NVDA
NVIDIA
-- 144.470 PLTR
Palantir
-- 79.890 AMD
Advanced Micro Devices
-- 125.370 CRNC
Cerence
-- 19.330 
Strategy & Potential Buyers?
$Spirit Airlines (SAVE.US)$ still has $1 billion of cash, a 200+ plane fleet, a strong network infrastructure, and money owed to them from the Pratt Whitney engine problems. Spirit’s market cap is below $200 million in comparison to the $3.8 billion $JetBlue Airways (JBLU.US)$ was willing to pay for them as recently as 03/04/2024 when they dropped their appaeal and paid SAVE and additional $69 million break-up fee. $Frontier Group (ULCC.US)$ was willingly to pay $3+ billion in stock and cash with a $250 million break-up fee until their merger agreement was terminated in June 2022. Interestingly enough, Spirit’s debt and liquidity right now isn’t significantly different than it was when JetBlue & Frontier were in a bidding war for them. With interest rates dropping and a new administration that won’t oppose mergers likely to take office, I wouldn’t be surprised to hear a merger announcement before the end of the year.
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment
Writer, Producer, Professor, Investor, and Protector of Animals—especially cats 🐈⬛
NOT a financial advisor
95Followers
58Following
590Visitors
Follow
RoNo : That’s a lot of debt to take on . I think we see a dilution first. Bondholders get equity before a merger deal. I’ll take this peak off this squeeze and close out most of my position.
Justin Brewer OP RoNo : 🫡
Justin Brewer OP RoNo : We’ve got liftoff… fingers crossed
RoNo : Indeed. Cancelled all my meetings today just to watch the chart
Justin Brewer OP RoNo : Love it! 🫡
不要骗我没文化 RoNo : 我也一样