Spirit stock down 24% .... a buy out by
08-14-2019, 11:16 PM
#101
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Originally Posted by Tranquility
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?
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?
08-15-2019, 07:22 AM
#103
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Originally Posted by Tranquility
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
08-15-2019, 11:04 AM
#106
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Posts: 1,561
Originally Posted by Tranquility
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?
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
Last edited by Sniper66; 08-15-2019 at 11:30 AM.
08-15-2019, 11:32 AM
#107
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Originally Posted by Omniscient
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
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
08-16-2019, 09:12 PM
#109
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Originally Posted by Aero1900
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
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
08-16-2019, 09:54 PM
#110
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Originally Posted by Sniper66
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
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
