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.
This shows a poor understanding of stocks.
first of all you are pointing to the historically high end stock valuation. Previously JB stock has reliably bounced bertween 14-20 dollars.
Secondly, share price commonly gets diluted when any company takes on a debt for acquisitions.
Thirdly, the purchasing company (despite taking any debts) tend to have lowered stock prices.
which goes on to say, much of this is normal market behaviour, and doesn't even begin to tough on the fact that most airlines are trading on the low side.
That's not to say that the current stock is where I want it to be. But I'm also seriously considering going against the normal adage of not eating where you sh*t and invest some mo ey into B6.