Thread: I feel bad for Mesa
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Old 11-03-2008, 04:50 PM
  #174  
airdog
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Originally Posted by RiddleEagle18 View Post
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.
If you are going to count assets you have to add up liabilities. While MAG's last qtr rpt showed $145m in shareholder equity, I'm not sure how they treat their lease obligations (may not show up as debt). Maybe some acc'ting whiz can tell us.
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