"Now trading around $11.49, Spirit Airlines has declined even more, as the initial public offering was originally projected to be as high as $16 a share. Recent numbers for Spirit Airlines are all red: down more than 8 percent for the week. Spirit Airlines is trading well below its 20, 50 and 200 day moving averages. There is a short float of 4.30 percent. Insider transactions are a negative 92.94 percent. This is most likely insiders cashing out from the initial public offering.
As an ultra discount airline, Spirit has very thin margins, in every meaning of the word. The average fare is only $82, according to Dow Jones. Fee income provides a huge portion of earnings. This translates into an operating margin or about 11 percent and a profit margin of about 10 percent This results in Spirit Airlines flying through its cash. In only one year, 2009, did it have any amount of free cash flow."
I don't know very much about finance either but are the investors dumping all the stocks??