Mesa's JO received the most write-in votes by employees for worst CEO of year
12-07-2007, 08:23 AM
#1
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Mesa's JO received the most write-in votes by employees for worst CEO of year
Away from financial services, Mesa Air's (MESA) Jonathan Ornstein received the most write-in votes by employees, investors and employees of competitors. (It was an impressive, concerted campaign.) Not only does the company suffer the lowest margins and boast the worst-performing stock among regional airlines, with "skyrocketing" pilot attrition (per an Air Line Pilots Association press release), but it recently was embarrassed after a judge ruled that Mesa must pay $80 million to Hawaiian Air for using confidential, proprietary information to start its inter-island Hawaiian competitor, "go!" (Mesa says it plans to appeal.)
http://money.cnn.com/news/newsfeeds/...6_FORTUNE5.htm
In other splendid Mesa news:
S&P Equity Research reiterates a Strong Sell on Mesa Air Group (Nasdaq: MESA).
S&P analyst, J. Corridore, says, "We believe recent announcements from major airlines of '08 capacity cuts will make the regional airline operating environment more difficult. We think MESA will have a difficult time winning new business, and think pressure on rates in existing business is possible. We view MESA as stubborn in fighting it out in an unprofitable Hawaii market, and think that battling lawsuits in such markets is likely to eat up needed cash. We are cutting our '08 EPS estimate to $0.45 from $0.65 and our 12-month target price by $1, to $3.00, 6.6X our '08 estimate, below peers."
http://www.streetinsider.com/Analyst...)/3180388.html
http://money.cnn.com/news/newsfeeds/...6_FORTUNE5.htm
In other splendid Mesa news:
S&P Equity Research reiterates a Strong Sell on Mesa Air Group (Nasdaq: MESA).
S&P analyst, J. Corridore, says, "We believe recent announcements from major airlines of '08 capacity cuts will make the regional airline operating environment more difficult. We think MESA will have a difficult time winning new business, and think pressure on rates in existing business is possible. We view MESA as stubborn in fighting it out in an unprofitable Hawaii market, and think that battling lawsuits in such markets is likely to eat up needed cash. We are cutting our '08 EPS estimate to $0.45 from $0.65 and our 12-month target price by $1, to $3.00, 6.6X our '08 estimate, below peers."
http://www.streetinsider.com/Analyst...)/3180388.html
12-07-2007, 08:50 AM
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Originally Posted by N2rotation
Away from financial services, Mesa Air's (MESA) Jonathan Ornstein received the most write-in votes by employees, investors and employees of competitors. (It was an impressive, concerted campaign.) Not only does the company suffer the lowest margins and boast the worst-performing stock among regional airlines, with "skyrocketing" pilot attrition (per an Air Line Pilots Association press release), but it recently was embarrassed after a judge ruled that Mesa must pay $80 million to Hawaiian Air for using confidential, proprietary information to start its inter-island Hawaiian competitor, "go!" (Mesa says it plans to appeal.)
http://money.cnn.com/news/newsfeeds/...6_FORTUNE5.htm
In other splendid Mesa news:
S&P Equity Research reiterates a Strong Sell on Mesa Air Group (Nasdaq: MESA).
S&P analyst, J. Corridore, says, "We believe recent announcements from major airlines of '08 capacity cuts will make the regional airline operating environment more difficult. We think MESA will have a difficult time winning new business, and think pressure on rates in existing business is possible. We view MESA as stubborn in fighting it out in an unprofitable Hawaii market, and think that battling lawsuits in such markets is likely to eat up needed cash. We are cutting our '08 EPS estimate to $0.45 from $0.65 and our 12-month target price by $1, to $3.00, 6.6X our '08 estimate, below peers."
http://www.streetinsider.com/Analyst...)/3180388.html
http://money.cnn.com/news/newsfeeds/...6_FORTUNE5.htm
In other splendid Mesa news:
S&P Equity Research reiterates a Strong Sell on Mesa Air Group (Nasdaq: MESA).
S&P analyst, J. Corridore, says, "We believe recent announcements from major airlines of '08 capacity cuts will make the regional airline operating environment more difficult. We think MESA will have a difficult time winning new business, and think pressure on rates in existing business is possible. We view MESA as stubborn in fighting it out in an unprofitable Hawaii market, and think that battling lawsuits in such markets is likely to eat up needed cash. We are cutting our '08 EPS estimate to $0.45 from $0.65 and our 12-month target price by $1, to $3.00, 6.6X our '08 estimate, below peers."
http://www.streetinsider.com/Analyst...)/3180388.html
As a publicly traded company this might just be what investors need to get J.O packing. Mesa cannot truly afford to loose any more flying in the USA if it is going to remain vital. J.O might be profiting in China but his back yard does not look to good for him. I wonder how he sleeps at night?
Mesa guys and girls keep up your heads up! and sorry to most of you will not be enjoying your holiday vacation.
12-07-2007, 09:53 AM
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JO is a small man with an incredibly big chip on his shoulder. He overcompensates for his inadequacies by exhibiting dictatorial rule over "his" minions. In my opinion, Wall Street is only now realizing he is a tool not worthy and not capable of managing large investments. I believe he is most likely done. I guess time will tell.
12-07-2007, 07:47 PM
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Originally Posted by Jetrecruiter
As a publicly traded company this might just be what investors need to get J.O packing...
...I wonder how he sleeps at night?
...I wonder how he sleeps at night?
Last edited by ERJ Driver; 12-07-2007 at 10:53 PM.
12-08-2007, 07:14 AM
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Originally Posted by ERJ Driver
He has just been awarded a 3-year contract extension by the BOD, and this was AFTER the Hawaiian judgment. I am sure he sleeps just fine on a huge bed stuffed with $100-bills.
12-08-2007, 04:38 PM
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Originally Posted by dba74
Delta was stupid enough to award them with a bunch of CRJ-900's. Wonder how long that will last
Heck, don’t pay us more just keep spending 10 times that in training costs for all of our attrition (no joke).
12-08-2007, 05:52 PM
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Originally Posted by ERJdude
We just received our first warning from DAL with respect to our 900's. Our staffing seems to be the big concern at the moment for them.
Heck, don’t pay us more just keep spending 10 times that in training costs for all of our attrition (no joke).
Heck, don’t pay us more just keep spending 10 times that in training costs for all of our attrition (no joke).
12-08-2007, 11:23 PM
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Originally Posted by Jetrecruiter
Then the Board of Directors are more nutty then he is..... Mesa stock is at $3.50 or less and you let give this dirt bag a 36 more months to drain your wealth.
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