Originally Posted by
NVUS
They are buying stock to pump up the stock price to make them either less desirable for another airline to try and buy them or if someone decides to pull the trigger at least the shareholders make a tidy sum off the sale. It's the same reason the cash on hand has gone down recently. You don't want to have a $5 a share stock price and $800M in the bank right now
Right, raises the barrier and makes one a less desirable target. That's legal and I'm all for it. As bad as everyone thinks SGU is at least they want to be running an airline, Far better than some outfit which specializes in buying companies, extracting cash, dismantling and selling the parts for scrap value.