Mesa going public
08-09-2018 | 04:41 PM
#41
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08-09-2018 | 05:29 PM
#42
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08-09-2018 | 07:08 PM
#44
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Mesa is leveraged. The banks don’t own the 175’s. Mesa does. The banks don’t finance aircraft with the intent of getting them back through repossession.
I guess the bank owns your home since they hold the mortgage, if you don’t live in a crash pad or an apartment. That just isn’t the way financing works.
Mesa has built financial equity in the 175’s with each passing month. And, the prospectus says that if 175’s have low financial risk if the CPA is executed to completion, meaning they will have a positive ownership value at the end.
You need to take a class in finance and accounting.
I guess the bank owns your home since they hold the mortgage, if you don’t live in a crash pad or an apartment. That just isn’t the way financing works.
Mesa has built financial equity in the 175’s with each passing month. And, the prospectus says that if 175’s have low financial risk if the CPA is executed to completion, meaning they will have a positive ownership value at the end.
You need to take a class in finance and accounting.
Take a class in finance? Seriously? When the crap hits the fan, you'll discover exactly what Mesa owns which is very little...
08-09-2018 | 08:13 PM
#46
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What happens when you stop making payments on your house or a car? It goes to the bank. You don't have the title to the car until it's paid off. Mesa is making payments because they don't own what ever outright.
Take a class in finance? Seriously? When the crap hits the fan, you'll discover exactly what Mesa owns which is very little...
Take a class in finance? Seriously? When the crap hits the fan, you'll discover exactly what Mesa owns which is very little...
It is true they can repossess the Ejets. But, most aircraft are financed unless they are very old. Try looking at SkyWest’s, American’s, Southwest’s, Delta’s, and United’s financials to see how many planes they really own outright.
Last edited by calmwinds; 08-09-2018 at 08:55 PM.
08-09-2018 | 08:15 PM
#47
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That is true. However, to do so without Mesa board approval requires that United owns shares for 2 years. Not so with American who already owns shares.
08-09-2018 | 08:51 PM
#48
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It will be interesting when Mesa has to file the quarterly report of who owns more than 5%.
But, I agree that it looks bad when an IPO sells for less than the bottom asking price. The underwriters probably looked at SKW and figured they could value Mesa in that ballpark.
Last edited by calmwinds; 08-09-2018 at 09:22 PM.
08-10-2018 | 06:26 AM
#49
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From: e145 fo
08-10-2018 | 07:06 AM
#50
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