Originally Posted by
BoredwLife
They need to show as many quarters that they feel comfortable showing before they go public. But here is what in my opinion, which isn't much, they are looking for to go public.
1. Contract Negotiated
2. 5+ quarters of profitability
3. Growth (plans for Growth)
4. Stability in the cost of fuel (Hedges) to try and insure that they will see at least 4-6 profitable quarters folowing the IPO.
Remember though. THE NUMBER ONE RULE for a sucessful IPO is to be showing future growth. Without it you are looking at a ugly mess.
I totally agree with you BoredwLife. This is most likely why we have 30 aircraft orders on the books. By having the orders on the books, it shows that the company has the prospects of future growth. It DOES NOT NECESSARILY MEAN however that Spirit will ever see those aircraft on property.
We are at 28 flying erector sets right now. Thirty more erector sets would basically show investors we could double in size. The investors get their money, never have to spend money on actual aircraft deliveries, get stock, and possibly get MORE value to their stock if/when a merger is completed.
What do ya'll think?