MESA stock down 18.5% today

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04-04-2008 | 09:23 AM

#21

PeopleMover

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From: Right seater

I wouldn't be disappointed if MAG disappeared completely!

04-04-2008 | 09:31 AM

#22

JetJock16

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From: SkyWest Capt.

Quote:

Originally Posted by PeopleMover

I wouldn't be disappointed if MAG disappeared completely!

It will be but only for the jobs lost. As far as Mesa no longer existing, only a VERY SMALL % will even care. Personally I think they’ll be absorbed (probably purchased by SKW or RAH) seeing that if and when Mesa collapses no one has the a/c and man power to cover the flying. This simple fact is what Mesa pilots need to hang their hats on, it's a bit of hope as your company sinks.

I think that Mesa and its pilots paired with SKW Mgmnt is a win/win situation. (Orenstein booted and hopefully band)

04-04-2008 | 10:32 AM

#23

blcampbell

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I read something in the past few days about them having a couple hundred million in cashable bonds over the next 6 months or so.....about half of that available very soon.

04-04-2008 | 10:52 AM

#24

BlueMoon

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From: FO

Quote:

Originally Posted by JetJock16

A company must maintain a specific amount of Cash On Hand; if they cannot then they lose their certification. Not sure how much this is and I'm sure some can add more insight but I’ve been told that if Mesa pays the $80M+ to Hawaiian then they will be below the minimum amount.

My question is, when are the investors going to start calling for Orenstein’s Blood?

I know, my point was more that your stock price really has nothing to do with weather or not you go in to bankruptcy. It is however a general indicator of the publics perception of the companies financial health.

On the topic of shady management and poor product. Read how a shady eletric car company never turned a profit (they turned one in a single quarter due to a write down), only released one vehicle, and its board manipulated the stock proce by releasing bogus press releases. The kick is that they are still in business, because the SEC does not have the manpower to investigate all the complaints it gets. http://www.wired.com/cars/futuretran...6-04/ff_zapped

Last edited by BlueMoon; 04-04-2008 at 10:59 AM.

04-04-2008 | 10:57 AM

#25

JetJock16

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From: SkyWest Capt.

Quote:

Originally Posted by BlueMoon

True and it has everything to do with you companies market value (plus a few other factors).

http://quotes.nasdaq.com/asp/Summary...&selected=MESA
quote:
Shares Outstanding 26,880,000
Market Value $ 37,900,800

eek!