Originally Posted by
fosters
In thinking about their financial position again, with only $17 million to spread across 55 million shares of stock, that doesn't leave much for the stockholders. So actually, if they blew thru their cash the stock holders would be hosed.
C152 - they "re" lease their aircraft from CAL. So CAL leases them, then releases them to ExpressJet.
Obviously you've taken corp. finance...
the reality of it is if a company liquidates, there's usually no equity to spread around by then
Even Ch 11 gets you nothing -- or a fraction of a cent per share (literally). Seriously doubt that's going to happen but never say never in aviation... either way,there's flying to be done right now and it will get to XJT sooner or later. I don't think the stock's fallen enough yet though. I've made it a practice to not buy stock in companies that are losing money. The only exception was GTW -- bought it at 1.31 and sold it a week later at 1.86 after the Acer buyout deal... how'd I know about that one?
