Originally Posted by
Bluedriver
It's actually quite inaccurate. Dramatically so.
As mentioned, it doesn't include the newly acquired $1 billion in liquid cash. But possibly most striking, is that it values JB's 1/3 of its fleet which is unencumbered, as well as JB's extraordinarily valuable slot portfolio, at only $200 million.
That's off by magnitudes.
I also forgot, this analysis was also done before JB announced 40% capacity cuts from April into the summer.
Off by magnitudes is an understatement.