Yes, I agree........

ExpressJet Reports October 2008 Performance

HOUSTON, Nov. 12 /PRNewswire-FirstCall/ -- ExpressJet Holdings (NYSE: XJT) today announced traffic and capacity results for October 2008 for its ExpressJet Airlines subsidiary. The results include statistics for both contract and charter operations.

During the month, ExpressJet revenue passenger miles (RPM) totaled 620 million, and available seat miles (ASM) flown were 822 million. ExpressJet's September load factor was 75.4%. The company flew 53,593 block hours and operated 28,352 departures during the month. ExpressJet had a total of 244 planes in its fleet during October -- 214 allocated to flying as Continental Express and 30 operating in its corporate aviation (charter) division.
ExpressJet - Investor Relations - Press Releases

ExpressJet traffic down, revises 3Q loss to profit
Associated Press, 11.12.08, 02:31 PM EST
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ExpressJet Holdings Inc. said Tuesday it flew 29 percent fewer miles with paying customers in October but its planes were more full after it cut capacity from a year ago.

The company, which operates regional flights for Continental Airlines Inc. but grounded its own airline and ended regional flights for Delta Air Lines Inc., flew 620 million revenue passenger miles in October, down from 872 million a year ago.

Load factor, or average occupancy, rose to 75.4 percent from 71.8 percent a year earlier, as capacity was cut 32 percent from October 2007.

On Tuesday, Houston-based ExpressJet said it earned $5 million, or 32 cents per share, in the third quarter instead of the loss of $4.8 million, or 30 cents per share, that it reported last week.

The difference was due to a gain from modifying terms of convertible notes due in 2023, which was raised to $27.8 million from the originally reported $11.8 million. The revision caused changes in other figures, such as tax and interest expenses.

ExpressJet missed a Monday deadline for filing its third-quarter financial report with the SEC because of the issue of assessing fair-market value of the notes. The company also said this week that it planned to drop its outside auditor, Ernst & Young LLP, beginning with the audit for calendar 2009.

Shares of ExpressJet fell 19 cents to $1.51 in Wednesday afternoon trading.

Went below $1.00 today (again). Call me crazy, but I'm thinking of jumping back in. Ream has been steadily buying lately, including today, and the board announced increased securities repurchasing authorization. Also, the Q3 loss was changed to a small profit as mentioned by tpersuit and I think the next quarter will reflect even more of a profit when you factor in the pay concessions.

Finally, if you divide their equity by shares outstanding you get $12.64 per share! Anyway good luck to all of us crazy investors/ traders and hang in there

ExpressJet Announces Additional $10 Million Added to Securities Repurchase Program

HOUSTON, Nov. 24 /PRNewswire-FirstCall/ -- ExpressJet Holdings (NYSE: XJT) today announced that its Board of Directors has authorized an additional $10 million for the previously announced securities repurchase program. The company expects any purchases of the notes or the stock to be made from time to time in the open market or in privately negotiated transactions. The timing of any repurchases under the program will depend on a variety of factors, including market conditions, and may be suspended or discontinued at any time. Common stock acquired through the repurchase program will be available for general corporate purposes, and convertible notes repurchased under the program will be cancelled.
ExpressJet Airlines - Press Room - Press Release

On December 2, 2008, certain executives of ExpressJet Holdings, Inc. (the “Company”) gave a presentation at the Credit Suisse Global Airline Conference. A copy of management’s presentation slides is attached hereto as Exhibit 99.1.
ExpressJet Airlines - Press Room - SEC Filings

16$ today hope you bought a lot.

Necro posting from 2008. Nice.

Nice to look back once in a while. Especially concerning stock trading.