I was reading the other XJT post about stock, here is the Q2 earnings for those that are interested. I shorted this stock at $8.02, and have been riding the wave down, now I think its time to cover.

http://biz.yahoo.com/ap/070808/earns...sjet.html?.v=1

 

I'm hoping it bounces back.

 

When you look at the stock you must look at the big picture. Q2 was, as Ream said, on of transition for the company. XJT has spent alot of money on repainting aircraft, opening stations and so forth for the branded. Such a burden, and operating aircraft initially at a loss will not generate enough revenue in two months to cover the expense....this is true an many different types of businesses. But when looking broader, at the potential the branded has, its improvements so far, arbitration over with CAL, new flying with delta, and "new service" coming in the near future it is hard to think that XJT is in a financially precarious situation. Not many regionals are sitting around with $294 million of cash on hand....that is very impressive. So hang tough guys, things are about to change.


Also in a related item. Ornstein can go suck a big one for his comments yesterday blaming his poor performance as a CEO and human being on XJTs continuted success and development. We sure love hiring his pilots and so do the likes of SKW, and REP.....lets keep that going.

 

You are not kidding. Let MESA fall into a deep dark hole.

 

I agree that XJet isnt going anywhere, actually I also hope they arent as I would really reeeeally like to fly for them one day once I can finally get this CFI done and some hours racked up.

But, a loss of 25 million isnt something I want to jump right into. I know stock buying is usually a long-term thing, but I'm young and anybody can see the bullish rise in price every year for the past few years of XJT in the winter months, so I was looking to make a quick buck... Guess I'll just wait and see if it settles down a bit, then hop in.

 

If you want to make a quick buck in stocks, stay away from airline stocks! Take a look at Chipotle Mexican Grill---I was lucky and got that just over $44/share after its IPO. http://finance.yahoo.com/q?s=cmg Thats ~$8,000 in PROFIT assuming my purchase of 120 shares. I like this stock to $120, and then I'm dumping it.

If you're looking to "make a quick buck" learn to read financial reports, listen to earnings calls, etc. Once you can decipher all of that information, the rest is just a matter of putting your actual $$$'s into the actual stocks, pull out at the right time, and you can supplement your pilot pay It takes a lot to de-rail a major corporation (Chipotle, Starbucks, Hertz, McD's, etc.) but an airline stock is one bad day away from plummeting.

 

It just goes more than that. XJT is actually doing good business for the most part. As far as flying as a regional feeder for other airlines go they are making money. However they are paying Continental an extra 25% for the planes they took to make their branded flying with and that 25% is hitting them hard causing them to report a loss in that section. If numbers continue like they are I'm predicting XJT will give the ERJ's back to Continental to put them back into the black. Time will tell.

 

Please share your info on the "25%" info. Thats not what i hear. Also the planes wont go back to CAL unless they are for us to fly more for CAL. The loss was expected with all of our start up costs included in that. Shoud, hopefully start getting better. The loads are good and PAX love the branded stuff. The stock will go back up soon.

 

If I'm wrong let me know. I was temporarily based in Houston and some of the Captains I flew with there were talking about it. On our end it looks like CHQ wants the CRJs gone by 2009. Look at the calender that's not too far. The ERJs are all supposedly moving to Cleveland to cover continental flying there which leaves a gap in IAH flying. They were saying, pretty definitively though we all know how rumors work, that Continental wanted the jets on lease back and as part of the contract they had to pay a 25% premium on them to keep them. This was from a few people so who knows. It's all one big rumor mill. Would be worth checking in too if you have a way over there. I'd be interested to see what you find. If what I stated ends up being wrong I apologize. So that's what I've heard, if what you've heard is different lets roll it out there.

I understand the startup cost bit. Make no mistake I'm not bashing XJT. Nothing to do with me working for one company thinking it's any better than the next. Strictly talking from a money point of view about numbers and numbers only. I currently own stock in XJT and when I get the annual report I'll have a little more to report on with hard figures.

PS where've you been and how's that fancy new ride runnin?

 

It may be a bit off topic but does anyone in here notice that Airlien stocks is at its lowest in september and then doubles through the second quarter of the next year?

also Capt chris what do you think of LEND? do you think their merger will go through with Loan Star Financial? If so its a good way to at least double your profits since their expected stock price after the merger is 15.10. its now selling for 6.07. But its one of the companies that has the higest volume this week.