Originally Posted by
Sniper66
SAVE market cap 2.5 billion
Not a lot for another player to make an offer with some premium on the stock that closed 37 dollars and change
Time will tell and nothing is impossible
Just saying and I hope it does not happen if that’s what you want.
BTW SAVE does not have a billion cash, don’t count the line of credit, that’s credit not their money
But money talks as they say and .......
Is there something I’m missing?? Honest question. This is from their most recent 10-Q (pages 16-17). Read the definition and look at the numbers on the next page.
As for the buyout; approximately 68 million shares divided by 2 is approximately 34 million shares times $58/share is just under $2 billion, but then we have $3.3+ billion in debt... Probably would have to buy more as I can’t see the institutional ownership shares. Which airline do you propose that’d want to pony up roughly $2 billion and take on $3+ billion in debt?