Originally Posted by
F9 Driver
Or Spirit acquiring F9 with 51% of Spirit stock.
Puts B.B. In the CEO seat, removes the need to IPO, makes a mess of our equity issue and who knows what it would do to our Section 6.
These guys play for keeps.
I thought it might be a possibility when SAVE was $60. Now at $38, does it still make sense to do a stock purchase of F9, or would it mean burning up additional cash reserves on top of stock to buy someone? SAVE valuation is down 33% in 2017, and $1.5B of market cap has evaporated. Seems like NK is a bargain at $2.6B now, maybe they're for sale.