Originally Posted by
airdog
Third, the stock market says Mesa - the entire company - is worth just $9 million dollars, or about 1/4th cost of a CRJ 900(based on last closing price of $.37 a share.
According to their last 10k they own
2 CRJ200's
8 CRJ700's
14 CRJ900's
34 B1900's(I believe have been sold already)
6 Hangers (2)Columbia SC (1) Witchita (1) GrandJunction (1) Farmington (1) Dubois
1 Training Facilities in Farmington.
That has to be worth more than the Market Cap of 9 Million.
If Mesa wins the injunction against Delta expect their stock price and market cap to shoot up. If they lose I believe the stock holders will push for liquidation. The assets are worth far more than the company and any stock holder would actually make money on a liquidation.