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Originally Posted by Halon1211
(Post 3033609)
Thinking about purchasing some more Spirit stock today since it’s down to about $12.50. Think it’s a smart move?
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Originally Posted by Halon1211
(Post 3033609)
Thinking about purchasing some more Spirit stock today since it’s down to about $12.50. Think it’s a smart move?
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The market may go down again and retest the lows. But if you have a 20 year horizon or longer now is a damn good time to buy. Nobody knows the bottom.
or the top for that matter. There are some extremely well run companies that will be around 75 years from now on deep discount. (Think Wal mart, coke, McDonald’s ) The exact entry point isn’t as important as just getting In. I for one think spirit is a solid buy at this price. I wound generally stick with boring safe blue chip stocks right now . But if you wanna take a swing for a few thousand bucks .. I feel spirit is a solid risk/reward |
Originally Posted by bottoms up
(Post 3002780)
Bought in at 7.50. Did the same with UAL at 18.00. Will find out in a few years if the kids will go to private school or home school. (Nothing wrong with either)
Banking on a bailout. Probably not smart but I missed out buying CAL for pennies after 9-11. The liquid courage helped me pull the trigger...excuse me while I go throw up now. |
Originally Posted by bottoms up
(Post 3193370)
come on SAVE! Patience was all it took...Well that and a worldwide pandemic..at 7x probably going to pull the chute. Getting close. Keep it up guys!
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Still 1.8 million? Ouch. Guess all the "my plane was full" in the world doesn't fix selling 50 dollar one way transcons just to keep a few customers away from southwest.
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Well, non-ticket revenue was only down 4.5%.... We need butts in those seats to pay the ancillary portion of our revenue stream. I guess it could be worse.
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Originally Posted by JaJaDingDong
(Post 3193431)
Still 1.8 million? Ouch. Guess all the "my plane was full" in the world doesn't fix selling 50 dollar one way transcons just to keep a few customers away from southwest.
Well, that’s only if the third PSP package doesn’t come through. If it does, that would take it out to about three and a third YEARS. |
Originally Posted by Excargodog
(Post 3193478)
Let’s see, $1.9 BILLION in liquidity divided by $1.8 MILLION per day means NK can only keep going like this for about 1055 days...
Well, that’s only if the third PSP package doesn’t come through. If it does, that would take it out to about three and a third YEARS. Here Spirit is announcing hiring again, while receiving $185m in payroll support for this current round. That’s enough to cover cash burn for the next quarter. |
The cash burn numbers do not include the PSP money. So they probably aren’t burning money if you include the govt. assistance.
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