Originally Posted by
Margaritaville
What if I told you that Maury would rather cash out and see the company liquidate rather than let someone else have his baby? This place is still worth close to a billion in assets. His stock is next to worthless now, but he could still cash out the assets. Yeah that's a conspiracy theory but it sure seems plausible if you know the man..
I don't think this place is worth a billion in assets. Far from it unless Allegiant owns sunrise aircraft management etc, then the aircraft assets are not allegiants to sell. This place is a very low asset business from what I see. They don't own much (HQ is owned by MG and leased to G4, gate leases in secondary cities are about worthless, WFS owns 90% of our infrastructure of staff, MG owns the ECTC), they lease where they can, and use contractors. What exactly does their balance sheet contain in assets? How many of the fleet is leased vs owned by the airline. I know the 13 new airframes are shown to be owned by G4, but there is probably still a large bank note on those.
I believe the value of this place has always been in the profitability of the business model - something that the powers that be are screwing up big time right now.