Thread: Allegiant Air
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Old 04-29-2015 | 12:43 PM
  #2588  
Uncle Wurmy
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Originally Posted by crxpilot
Total manipulation by management. Last I heard they have about $55 million left authorized for stock buyback from the board. Imagine the bonuses they will earn for themselves when they buyback stock at such a huge discount and then let it ride all the way back up. Especially when they have control over when the freefall stops per current events. Think about it.
Except that they haven't bought any back, and from what I have heard they are doing all that they can to get their pretty little stock back up.

I don't think they have as much control as they think they do. They have pulled out a bunch of their gimmicks in the last month and it hasn't really worked the way it usually does. I'm not saying it won't come back, but right now I don't think it's behaving the way they want it to. They have their cronies in the analyst arena doing their bit too, but I don't think everyone is buying it the way they usually do.