I agree with this statement wholeheartedly. The tough part is perfecting the timing as to when to sell. If you can crack that code, let me know - I promise I'll keep it a secret. ;)

Any significant value over what you purchased at would be a good time to sell, IMHO...I can multiply my initial investment by four when XJT reaches $1, which they are obviously pushing very hard for.

Unless they do it via a reverse stock split.

Well that's why I only invested $250 LoL

ExpressJet seeks approval for reverse stock split
ExpressJet shareholders to vote on reverse stock split, company's plan to avoid delisting
August 22, 2008: 07:21 PM EST


NEW YORK (Associated Press) - ExpressJet Holdings Inc., which operates regional flights for Continental Airlines, said Friday it will hold a shareholder meeting Oct. 1 to consider a reverse stock split.

The company said in a regulatory filing that shareholders will vote on a 1-for-10 reverse split of common shares and whether to reduce authorized shares from 400 million to 150 million.

Houston-based ExpressJet said it needs the reverse split to avoid the delisting of its shares by the New York Stock Exchange, which demanded that the average share price rise above $1.

Shares closed Friday at 23 cents and were unchanged for the day.

Earlier this summer, the company announced it would repay debt by issuing new stock, which would reduce the value of current shares.

ExpressJet lost $31.7 million in the second quarter and is demanding wage concessions from employees to return to profitability. The company, which was spun off from Continental, is ending feeder service for Delta Air Lines and grounding its own ExpressJet Airways next month.

ExpressJet has been exploring strategic possibilities including a possible sale. It rebuffed an unsolicited takeover bid from SkyWest in April.


Hmmmmmmmmm, well this isn't good. :rolleyes:

Damnit LoL...looks like my short-term investment in XJT just went long-term ugh...

I think just about everyone except the die hard alpa supporters wish that the Skywest buyout would have happened.

None of us wish that. Trust me. I'm a furloughee and I still don't wish SKW bought us.

You could not be farther from the truth.

Where do you get stuff like that?

Nobody at XJT wishes they were bought buy SkyWest and it has nothing to do with ALPA or SkyWest.

It has to do with a proposed arrangement that would have XJT furloughing 800 pilots immediately and shrinking year by year afterwards due to a whipsaw scheme.

You need to know what SKW wanted to do to XJT to understand that the XJT pilots, even the ALPA haters, do NOT wish SKW buyout would have happened. Unless XJT goes completely out of business in the next year, I don't think you will change many minds on that.