Spirit stock down 24% .... a buy out by
#181
Gets Weekends Off
Joined APC: Feb 2019
Position: baller, shot caller
Posts: 942
I'm holding mine for now. There was a large amount of insider purchasing in late July at the $41-42 range. The directors don't just blindly make large purchases. They are privileged to information that isn't available to the rest of us.
https://www.nasdaq.com/market-activi...sider-activity
https://www.nasdaq.com/market-activi...sider-activity
#182
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Joined APC: Feb 2019
Position: baller, shot caller
Posts: 942
Also interesting is that Fornaro resigned from the BOD last week. Two new members were added, one of which is the long time former CEO of Hawaiian.
https://www.globenewswire.com/news-r...Directors.html
https://www.globenewswire.com/news-r...Directors.html
#185
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Joined APC: Jun 2014
Posts: 924
The sector is in trouble right now and SAVE has no real support line from which to rebound. It death crossed all the way back in May and has seen the 50 and 200 day lines diverge almost every session since then. Spirit has only seen this price point in five weeks since 2014. Its RS line is by far the lowest it's been in those five years. From a technical standpoint there's no way of telling where the bottom is. DD investors don't see any value in it either. There aren't any fundamental strengths from the last quarter to bolster it and the C suite has been warning of a bad Q3 earnings report since the Q2 call. At this point it's free fall until news or earnings break it loose.
I currently own a couple of long interests as a wildcard.
I currently own a couple of long interests as a wildcard.
#186
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Thread Starter
Joined APC: Aug 2015
Position: Captain
Posts: 1,551
#187
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Joined APC: Oct 2017
Posts: 2,966
Also interesting is that Fornaro resigned from the BOD last week. Two new members were added, one of which is the long time former CEO of Hawaiian.
https://www.globenewswire.com/news-r...Directors.html
https://www.globenewswire.com/news-r...Directors.html
#188
Gets Weekends Off
Joined APC: May 2015
Posts: 456
Just bought 200 shares on the way to work this AM. Q3 numbers will be messy with the Dorian expenses I suspect .. but I think this might be excellent entry point.. let’s hope the future guidance is strong . It’ll be a robust holiday season !
#189
Q3 Earnings to be published after market close tomorrow. While Dorian will have an impact on revenue, will be interesting to see how we fared with some of the other metrics. Hopefully there’s a pop to share price, if not Thursday’s call should be interesting.