XJT Stock Price
 

$3.62 ... how low will it go (rhetorical -- I can't stand people guessing future prices)? Will it hit the flo'? What's this about them picking up Frontier flights? Here's a chance for Saabarowski to redeem himself and get us some estimated load factor numbers for us :D

well if you believe in analyst's target estimates which are sometimes right, sometimes wrong, the target price for xjt stock 1 year from now is estimated to be $4.83. thats pretty terrible considering how far it came down. but i also wouldnt go buy stock based on that info.

Buy low, sell high

I've heard numerous people say that they would recommend buying XJT stock based on what's forecasted for announcements in the next two months.

Of course, just hearsay... but XJT won't fall through the cracks regardless of the doom and gloom that people worry about.

What is this rumored announcement?

I was looking into XJT stock as well. The company has about $680 million in assets, $390 million in liabilities. That's a NAV of about $290 million. The market cap on the company today is $195 million.

In other words, if the company were liquidated RIGHT NOW, you would get $1.48 for every $1.00 you paid for XJT stock.

Now, even if XJT blew thru all of their cash, you'd still come up positive. They've got a total of $307 million in property & equipment. So, after paying liabilities once liquidated, you've got about $17 million in equity. Not a lot, but at least you, as a shareholder, wouldn't LOSE money if they go TU. (someone correct me if I figured this wrong...I'm still new at this).

I'm not buying right now, but I am waiting for the MACD and 10-day moving average to reverse. Google Finance says 95% of it's outstanding shares are owned by institutional investors, my guess is they are dumping it which is driving down the value.

Here's a chart:
http://farm2.static.flickr.com/1319/...c43d8ffb_o.gif

Thoughts? I'm just learning about this stuff and would appreciate some ideas from those that make money in the market.

ghilis101, I wouldn't worry about analysts. I made 15% in two weeks by buying a stock that was "beat down". Most fund managers can't do that in a year.

Hey fosters, where'd you get that screen cap from? What site or program is that?

It's MSN's free program, you have to be using IE for it to show up though. Just get a stock quote at www.moneycentral.com and look under historical charts. It'll prompt you to download it (it's free). I like it better than Scottrade or Fidelity's tools, I think it's easier to read.

Not sure how low it'll go, but buying now for the long run probably isn't a bad idea. Buying based for a 1-3 year payoff would be pretty risky.

It's a highly volatile stock. It's a VERY risky buy. If you want to look at cheaper stocks take a look at the Motley Fool. My Rochester Medical I found through them is currently sitting at around 22% for the year. Didn't put much in it but it's still fun. My mother said it best the other day, "If your stocks aren't making money right now then you don't need to keep them". I think she's right. The market is currently on a nice fat high. Might as well put your money in a savings account then wait for one of the -250+ point days when the oil is spiking. I'm sure you'll get a scare in a month or two when they start talking about homes using more energy for heating in the winter. When that day hits jump on in. I bought 4 new stocks when that happened just a few weeks ago. Currently sitting at 15.8% now with them. Just wish I would have had more money to put in. Being an FO makes it hard. I just use my per diem checks which is usually around $400-$500 a month. Maybe one day I'll actually be worth something. Crappy part is my 401k through the company is making a whopping 1.2%. With inflation I'm still losing money with them.