I feel bad for Mesa
11-03-2008, 07:23 AM
#171
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Joined APC: Oct 2006
Position: NU Guy
Posts: 437
Originally Posted by airdog
Ski Partrol...good thoughts....agree that the economy, market etc. sucks for finding a job...if you have one at Mesa I'd hang on to it until I get another one, or when MAG folds...but I'd definitely be beating the bushes for a new home, the buzzards are circling Phoenix.
11-03-2008, 09:17 AM
#173
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Joined APC: Nov 2005
Posts: 2,512
Originally Posted by airdog
Third, the stock market says Mesa - the entire company - is worth just $9 million dollars, or about 1/4th cost of a CRJ 900(based on last closing price of $.37 a share.
According to their last 10k they own
2 CRJ200's
8 CRJ700's
14 CRJ900's
34 B1900's(I believe have been sold already)
6 Hangers (2)Columbia SC (1) Witchita (1) GrandJunction (1) Farmington (1) Dubois
1 Training Facilities in Farmington.
That has to be worth more than the Market Cap of 9 Million.
If Mesa wins the injunction against Delta expect their stock price and market cap to shoot up. If they lose I believe the stock holders will push for liquidation. The assets are worth far more than the company and any stock holder would actually make money on a liquidation.
11-03-2008, 04:50 PM
#174
Line Holder
Joined APC: Apr 2007
Position: Furloughed
Posts: 32
Originally Posted by RiddleEagle18
According to their last 10k they own
2 CRJ200's
8 CRJ700's
14 CRJ900's
34 B1900's(I believe have been sold already)
6 Hangers (2)Columbia SC (1) Witchita (1) GrandJunction (1) Farmington (1) Dubois
1 Training Facilities in Farmington.
That has to be worth more than the Market Cap of 9 Million.
If Mesa wins the injunction against Delta expect their stock price and market cap to shoot up. If they lose I believe the stock holders will push for liquidation. The assets are worth far more than the company and any stock holder would actually make money on a liquidation.
2 CRJ200's
8 CRJ700's
14 CRJ900's
34 B1900's(I believe have been sold already)
6 Hangers (2)Columbia SC (1) Witchita (1) GrandJunction (1) Farmington (1) Dubois
1 Training Facilities in Farmington.
That has to be worth more than the Market Cap of 9 Million.
If Mesa wins the injunction against Delta expect their stock price and market cap to shoot up. If they lose I believe the stock holders will push for liquidation. The assets are worth far more than the company and any stock holder would actually make money on a liquidation.
11-03-2008, 06:47 PM
#176
Banned
Joined APC: May 2007
Posts: 698
Originally Posted by airdog
If you are going to count assets you have to add up liabilities. While MAG's last qtr rpt showed $145m in shareholder equity, I'm not sure how they treat their lease obligations (may not show up as debt). Maybe some acc'ting whiz can tell us.
11-04-2008, 08:46 AM
#177
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Joined APC: Jan 2008
Position: On Top
Posts: 742
Originally Posted by tpersuit
They have over $500 million in debt from what I have seen. As for liquidation, I don't see how they could really do that since their debt is already equal to, if not more, than their assets and they also have lawsuits from Delta and Aloha, which would add some more in that debt category.
11-04-2008, 01:08 PM
#179
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Joined APC: Jan 2008
Position: On Top
Posts: 742
Originally Posted by TonyWilliams
I've been told that SkyWest just got approved to do a two week training on the CRJ for previously rated pilots. Wonder why?
11-04-2008, 08:19 PM
#180
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Joined APC: Jan 2007
Position: Self employed
Posts: 3,048
Originally Posted by Bond
I have to be honest with you, if SKW buys them, it might just be enough to bring ALPA on board.
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