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Originally Posted by Tranquility
(Post 2870424)
Is there something I’m missing?? Honest question. This is from their most recent 10-Q (pages 16-17). Read the definition and look at the numbers on the next page.
As for the buyout; approximately 68 million shares divided by 2 is approximately 34 million shares times $58/share is just under $2 billion, but then we have $3.3+ billion in debt... Probably would have to buy more as I can’t see the institutional ownership shares. Which airline do you propose that’d want to pony up roughly $2 billion and take on $3+ billion in debt? |
Originally Posted by Big E 757
(Post 2870480)
Alaska? Was that a trick question?
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Originally Posted by Tranquility
(Post 2870521)
Hmmmm, I’ll admit I didn’t think of them.
Spirit showing 1.1B in Cash/cash equiv. Alaska would need to issue a bunch of stock to raise the capital to buy SAVE. How much in Alaska stock would the Spirit BOD want to see to make a deal happen? Hmmm |
I think that was a Virgin reference.
Plane Coffee |
Originally Posted by galleycafe
(Post 2870633)
I think that was a Virgin reference.
Plane Coffee |
Originally Posted by Tranquility
(Post 2870424)
Is there something I’m missing?? Honest question. This is from their most recent 10-Q (pages 16-17). Read the definition and look at the numbers on the next page.
As for the buyout; approximately 68 million shares divided by 2 is approximately 34 million shares times $58/share is just under $2 billion, but then we have $3.3+ billion in debt... Probably would have to buy more as I can’t see the institutional ownership shares. Which airline do you propose that’d want to pony up roughly $2 billion and take on $3+ billion in debt? 2 billion is not a lot, how much net delta made last quarter or year today? Research it for something to do please Delta returned in stock buyback 14 billion since 2013. That’s 14 with a B. The average buy back of their stock is under 45 dollars and their stock price is 57 Buy back cheap and reissue to pass on to SAVE stockholders Delta stock Easy a stock swap acquisition Delta makes that in 4 months and the debt is aircraft orders. FYI the big 3 : American has 34 billion in Debt United 20 billion Delta 17.6 billion I use Delta as an example not that it will be Delta, could be another player. 737 max issues no aircraft available United is getting 65 used aircraft to cover That’s half of SAVEs fleet. Aircraft , orders , pilots and elimination of the competition is the reason for transactions like this Think about it And again just speculation and for your sake I hope it does not happen but don’t believe is impossible Swap one delta stock for one save stock is 57 x 68 mil = 3.87 billion I would say that’s 67% premium rate of return for a save stock holder That’s a good return brother |
Originally Posted by Omniscient
(Post 2870596)
Alaska showing $244mil in Cash/cash equiv. and 1.3B in securities. So around $1.6B in cash/securities against 1.5B in long term debt.
Spirit showing 1.1B in Cash/cash equiv. Alaska would need to issue a bunch of stock to raise the capital to buy SAVE. How much in Alaska stock would the Spirit BOD want to see to make a deal happen? Hmmm Alaska has a market cap of 7 billion Spirit 2.7 But yes I think you point out VA numbers |
Just because your stock price is down does not mean that a sale is happening.
But if it does, it'll be Berkshire. They have massive cash on hand and Warren has been investing in airlines lately |
Originally Posted by Aero1900
(Post 2871571)
Just because your stock price is down does not mean that a sale is happening.
But if it does, it'll be Berkshire. They have massive cash on hand and Warren has been investing in airlines lately Not lately 2 years ago on delta SWA and UAL only Even though he said he will not invest in the past he did invest around 11 billion on the above 3 But who knows he may buy spirit , he does have net jets as well forgot that one Still premium pay and the BOD will say yes or no BTW they invest on banks heavily very lately |
Originally Posted by Sniper66
(Post 2871579)
Not lately
2 years ago on delta SWA and UAL only Even though he said he will not invest in the past he did invest around 11 billion on the above 3 But who knows he may buy spirit , he does have net jets as well forgot that one Still premium pay and the BOD will say yes or no BTW they invest on banks heavily very lately |
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