Originally Posted by
David Watts
ExpressJet could never have a loss financially per the rules set up by CAL when we were IPO'd. So the stock could be sold for more than is possible now.
Exactly, this is all I am saying. The value of the company has gone down in investors eyes. People are trying to fight it on here, but it's just the way it is.
As a former Pan Am pilot told never buy airline stock it is all worhtless.
Eastshore Holdings, the investment arm of AWAC, has made about half a billion on LCC in the past year. Not bad.