Originally Posted by
MainlineFlyer
I hope everyones log book is up to date. We are in a very bad place right now. Its getting more and more difficult to see how B6 makes it out of this corner that we have painted ourselves into.
For the people who think I'm exaggerating. Our high was $26/share. We are now a penny stock at $3.45 a share and our bonds are in junk status.
Its bleak.
Every Airline is at multi-year lows; B6 is getting hit harder than others due to the DOJ lawsuit, but even the wallstreet darling airlines are at 5 - 10 year lows . One analyst said yesterday, if the DOJ approves acquisition, the stock will "double". Now if the DOJ rules against the acquisition, then B6 will have some work to do, but the fundamentals and balance sheet are still fine. I wouldn't be too concerned yet, unless there's an unfavorable ruling coupled with a recession and high oil price's due to current geo-politics, but then all airlines will be in a bad place, not isolated to B6.