Airline Pilot Central Forums - RAH trying to spin off F9

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Quote:

Originally Posted by zoooropa (Post 1082947)

In the grand scheme of things, $100 million is NOTHING in the PE world. When you look at the potential return on investment, you will see a few of the familiar faces lining up for this opportunity.

A smart investor does not invest in the airline industry. Or an airline that is competing against SWA and barely treading water. Or an airline that is about 7 years behind in technology. Or an airline that has been hemorrhaging cash.

F9 is better off right where it is. Bedford's ego is WAY too big to ever let his little experiment fail. He will continue to dump money made off the FFD side into F9 until he retires or the BoD fires him.

Quote:

Originally Posted by Slap Shot (Post 1083790)

Read the Q3 earnings report.

Quote:

Originally Posted by Slap Shot (Post 1083790)

You are looking at this from the perspective of a traditional investor buying shares of common stock. You should be looking at this from an institutional investor's point of view.

$100 Million for a 50+% share of an IPO.

Oaktree has a 31% stake of Spirit. That 31% stake is currently worth $360,000,000.

The Spirit BoD Was granted 100,000's of stock options at around $12 a share. The stock is trading at $16. They all made big coin without risking a dime.

All of the Frontier pre-IPO participants are going to walk away happy.

Your second sentence in the last paragraph is the only thing you got right.

Bedford will not let this fail, there is way too much money to be made on the IPO.