I feel bad for Mesa
10-14-2008 | 08:32 PM
#111
Banned
Joined: May 2007
Posts: 698
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I called it a week ago that they are close to filing, though. $500 million in debt and only $45 million in cash. Plus they have over $100 million in notes due in January and February. Suits all over the place. Over at XJT, where we are in a tight squeeze, we have about $140 million in debt with $90 million in cash. We now only have $60 million in notes due, years down the road.
In order for Mesa just to survive through January, they need some short of financing or issuing of new stock to pay off those notes. That still doesn't get them by the Delta and Aloha suits they still need to win.
10-15-2008 | 05:04 AM
#115
Gets Weekends Off
Joined: Sep 2008
Posts: 193
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From: hmmmm.....
I've seen it before where Google and Yahoo! Finance screwed up the after hours trading numbers. You are correct though that they are at 4 cents. Sometimes one trade can mess with the system.
I called it a week ago that they are close to filing, though. $500 million in debt and only $45 million in cash. Plus they have over $100 million in notes due in January and February. Suits all over the place. Over at XJT, where we are in a tight squeeze, we have about $140 million in debt with $90 million in cash. We now only have $60 million in notes due, years down the road.
In order for Mesa just to survive through January, they need some short of financing or issuing of new stock to pay off those notes. That still doesn't get them by the Delta and Aloha suits they still need to win.
I called it a week ago that they are close to filing, though. $500 million in debt and only $45 million in cash. Plus they have over $100 million in notes due in January and February. Suits all over the place. Over at XJT, where we are in a tight squeeze, we have about $140 million in debt with $90 million in cash. We now only have $60 million in notes due, years down the road.
In order for Mesa just to survive through January, they need some short of financing or issuing of new stock to pay off those notes. That still doesn't get them by the Delta and Aloha suits they still need to win.
10-15-2008 | 09:40 AM
#117
Gets Weekends Off
Joined: Oct 2008
Posts: 248
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From: 320B
I'm not sure where you guys are seeing that Mesa's stock is at 4 cents. I'm looking on Yahoo Finance right now and the stock is at .39 and is up on the day 0.12. Kinda weird the stock is up 45%. I wonder if the investors know something we don't?
10-15-2008 | 10:04 AM
#118
Banned
Joined: May 2007
Posts: 698
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It was at $.04 during after hours trading. It has done this before. Sometimes when someone makes a large enough trade after hours it can affect the overall price. I guess someone made a huge sell off shortly after closing yesterday that was in the tens of thousands.
10-15-2008 | 11:56 AM
#120
Gets Weekends Off
Joined: Feb 2007
Posts: 1,458
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From: Right Seat
Rumors are surfacing again about 900's at PSA. Don't know if it is related to the impending demise of Mesa or not, but expansion at PSA would be a life saver for us that have had to endure the effects of downgrades/ furloughs. I hope better days are ahead.
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