Gambling on XJT and their future
09-18-2008, 12:26 PM
#241
Gets Weekends Off
Thread Starter
Joined APC: Mar 2006
Position: SkyWest Capt.
Posts: 2,963
Originally Posted by flyingkangaroo
I don't think he was playing it short term, If I remember corectly I think he was talking about selling before the announcement of the reverse split impacted the stock and then buying back in, if that's the case he might have a gain on his investment. Let's see what happens with the RS and 3rd Quarter profits due out in november. Watch for less then anticpated loss. If that happens he might be up a descent ammount. The market is down as a whole, it's at a 3 year low. If you look at the the XJT BETA it's something like 2.5 so it should move 2.5 times whichever side the market goes. It's an extremely volatile stock.
If the RS does go through it will leave 50 million shares outstanding. Looking at SKYW they have over twice the ammount of shares outstanding (110 million) and are sitting at about $20. let's say xjt returns to a level of profitability only a 1/2 of what skyw is, You would expect to see the stock price of xjt at $20+. That is still a huge return on what would be 3.60.
If the RS does go through it will leave 50 million shares outstanding. Looking at SKYW they have over twice the ammount of shares outstanding (110 million) and are sitting at about $20. let's say xjt returns to a level of profitability only a 1/2 of what skyw is, You would expect to see the stock price of xjt at $20+. That is still a huge return on what would be 3.60.
09-18-2008, 12:40 PM
#243
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Thread Starter
Joined APC: Mar 2006
Position: SkyWest Capt.
Posts: 2,963
Originally Posted by MatchPoint
JJ16, you can't possibly expect to keep those kinds of gains going? BTW, what kind of experience do you have that allows you to invest with confidence?
Last edited by JetJock16; 09-18-2008 at 05:33 PM. Reason: SP
09-19-2008, 04:59 PM
#245
Am I Wrong??????????
Joined APC: Jun 2007
Position: ThE jEtTtTtTtT
Posts: 662
Its sad when a great Airline like Expressjet has a lower Stock Price than Mesa
No offense to the Mesa Guys....JO just seems like hes intentionally trying to run you guys into the ground....whereas Expressjet Hire Ups seem to Just sit back and go "Well.....we gave it a hell of a run guys..."
Whats Happening
No offense to the Mesa Guys....JO just seems like hes intentionally trying to run you guys into the ground....whereas Expressjet Hire Ups seem to Just sit back and go "Well.....we gave it a hell of a run guys..."
Whats Happening
09-20-2008, 09:04 AM
#246
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Joined APC: May 2006
Posts: 284
Originally Posted by Nevets
Looks like it would leave about 21.6 million shares outstanding.
"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."
So obviously that's not the same as outstanding shares and 150 isn't 50 so my example earlier is incorrect. But the same concept can still be applied and in fact it works in greater favor towards xjt.
10-01-2008, 08:54 AM
#247
Banned
Joined APC: Dec 2007
Position: EMB 145 CPT
Posts: 2,934
ExpressJet Reports Results of Vote at Special Meeting
HOUSTON, Oct. 1 /PRNewswire-FirstCall/ -- ExpressJet Holdings, Inc. (NYSE: XJT) announced today that its stockholders approved a 1:10 reverse stock split of its common stock. The reverse stock split, as previously announced, is part of ExpressJet's continuing efforts toward improving liquidity for its stockholders. The 1:10 reverse split will allow ExpressJet to immediately return to trading on all NYSE Group platforms and return to compliance with the continued listing standards of the New York Stock Exchange once the six month cure period expires on January 18, 2009.
As a result of the reverse stock split, every 10 shares of ExpressJet common stock will be combined into one share of ExpressJet common stock and be traded under a new CUSIP, 30218U306. ExpressJet's common stock will begin trading on a split-adjusted basis when the market opens on October 2, 2008. ExpressJet will continue to trade under the same symbol, XJT. The reverse stock split affects all shares of common stock and stock options of ExpressJet outstanding immediately prior to the effective time of the reverse stock split. ExpressJet will pay cash in lieu of fractional shares, as required.
http://investor.expressjet.com/phoen...463&highlight=
HOUSTON, Oct. 1 /PRNewswire-FirstCall/ -- ExpressJet Holdings, Inc. (NYSE: XJT) announced today that its stockholders approved a 1:10 reverse stock split of its common stock. The reverse stock split, as previously announced, is part of ExpressJet's continuing efforts toward improving liquidity for its stockholders. The 1:10 reverse split will allow ExpressJet to immediately return to trading on all NYSE Group platforms and return to compliance with the continued listing standards of the New York Stock Exchange once the six month cure period expires on January 18, 2009.
As a result of the reverse stock split, every 10 shares of ExpressJet common stock will be combined into one share of ExpressJet common stock and be traded under a new CUSIP, 30218U306. ExpressJet's common stock will begin trading on a split-adjusted basis when the market opens on October 2, 2008. ExpressJet will continue to trade under the same symbol, XJT. The reverse stock split affects all shares of common stock and stock options of ExpressJet outstanding immediately prior to the effective time of the reverse stock split. ExpressJet will pay cash in lieu of fractional shares, as required.
http://investor.expressjet.com/phoen...463&highlight=
10-01-2008, 09:25 AM
#248
Gets Weekends Off
Joined APC: Jul 2007
Posts: 568
Thanks for posting the news so fast. I've been eagerly awaiting all day. SEC filing still is not out and no mention of the vote to reduce authorized shares to 150 million though. The stock hasn't really reacted one way or the other and I can't decide whether to add more today or not. But either way I'm stuck riding through this reverse split tomorrow as my average cost is .23 and I don't want to sell at a loss. Anyone else? Jetjock you still holding?
Good luck to all
Good luck to all
10-01-2008, 11:00 AM
#249
Gets Weekends Off
Joined APC: May 2006
Posts: 284
Originally Posted by dba74
Thanks for posting the news so fast. I've been eagerly awaiting all day. SEC filing still is not out and no mention of the vote to reduce authorized shares to 150 million though. The stock hasn't really reacted one way or the other and I can't decide whether to add more today or not. But either way I'm stuck riding through this reverse split tomorrow as my average cost is .23 and I don't want to sell at a loss. Anyone else? Jetjock you still holding?
Good luck to all
Good luck to all
10-13-2008, 09:24 PM
#250
Banned
Joined APC: Dec 2007
Position: EMB 145 CPT
Posts: 2,934
ExpressJet Reports September 2008 Performance
HOUSTON, Oct. 13 /PRNewswire-FirstCall/ -- ExpressJet Holdings (NYSE: XJT) today announced traffic and capacity results for September 2008 for its ExpressJet Airlines subsidiary. The results include statistics for both contract and branded operations. The contract operation consists of flying for Continental Airlines and Delta Air Lines under capacity purchase agreements and ExpressJet's charter (corporate aviation) service. The branded operation includes flying under the ExpressJet name and pro-rate flying for Delta. As previously announced in July, the company suspended flying on September 1 under both the capacity purchase agreement and pro-rate agreement with Delta and under ExpressJet's branded operation due to record-breaking fuel prices.
Contract Flying
During the month, ExpressJet revenue passenger miles (RPM) under contract flying totaled 518 million, and available seat miles (ASM) flown were 732 million. ExpressJet's August load factor was 70.8%. The company flew 47,348 block hours and operated 25,496 departures during the month.
Branded Flying
During the month, ExpressJet branded RPMs totaled 3 million on 4 million ASMs, resulting in a September load factor of 75%. During its single day of operation during the month, the company flew 211 block hours and operated 123 departures.
HOUSTON, Oct. 13 /PRNewswire-FirstCall/ -- ExpressJet Holdings (NYSE: XJT) today announced traffic and capacity results for September 2008 for its ExpressJet Airlines subsidiary. The results include statistics for both contract and branded operations. The contract operation consists of flying for Continental Airlines and Delta Air Lines under capacity purchase agreements and ExpressJet's charter (corporate aviation) service. The branded operation includes flying under the ExpressJet name and pro-rate flying for Delta. As previously announced in July, the company suspended flying on September 1 under both the capacity purchase agreement and pro-rate agreement with Delta and under ExpressJet's branded operation due to record-breaking fuel prices.
Contract Flying
During the month, ExpressJet revenue passenger miles (RPM) under contract flying totaled 518 million, and available seat miles (ASM) flown were 732 million. ExpressJet's August load factor was 70.8%. The company flew 47,348 block hours and operated 25,496 departures during the month.
Branded Flying
During the month, ExpressJet branded RPMs totaled 3 million on 4 million ASMs, resulting in a September load factor of 75%. During its single day of operation during the month, the company flew 211 block hours and operated 123 departures.
