Spirit stock down 24% .... a buy out by
10-04-2019 | 12:03 PM
#181
Line Holder
Joined: Feb 2019
Posts: 1,226
Likes: 29
From: baller, shot caller
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
10-04-2019 | 12:06 PM
#182
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Joined: Feb 2019
Posts: 1,226
Likes: 29
From: baller, shot caller
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
10-04-2019 | 01:42 PM
#184
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Joined: Jan 2018
Posts: 85
Likes: 0
10-10-2019 | 06:51 PM
#185
Gets Weekends Off
Joined: Jun 2014
Posts: 923
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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.
10-11-2019 | 02:31 AM
#186
Thread Starter
Gets Weekends Off
Joined: Aug 2015
Posts: 1,561
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From: Captain
10-11-2019 | 02:43 AM
#187
Gets Weekends Off
Joined: Oct 2017
Posts: 3,469
Likes: 44
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
10-11-2019 | 04:25 AM
#188
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Joined: May 2015
Posts: 490
Likes: 41
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 !
10-22-2019 | 01:42 PM
#189
Gets Weekends Off
Joined: Aug 2008
Posts: 770
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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.
