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So what are you guys/gals going to do with your Spirit stock?
are you going to ride this wave going up and sell it? Or are you gonna let it convert to frontier stock? |
I'm going to hold it long term. It'll be converted to ULCC at a price premium but I will hold it for a long time
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Originally Posted by Aero1900
(Post 3369466)
I'm going to hold it long term. It'll be converted to ULCC at a price premium but I will hold it for a long time
No way of knowing what the price of ULCC will be on that day. And you’ll get a straight buy out in cash of $2.13 per share of However many shares of SAVE you owned. Im Hanging onto all my shares .. when the conversion happens I’ll have several thousand shares of ULCC. |
I was wondering when is that payout and stock conversion? When the merger closes later this year?
I'm hanging onto my SAVE shares. I got them when they were under $10 back in May 2020 when Spirit did the stock offering at $10. I don't see a reason to sell it right now? |
What’s the typical trajectory of airline stocks? Even held for another 10 years and 800 planes in the combined company where will it be? This may actually be a good exit for most IMO.
Spirit and Frontier stocks were always kind of like investing in a start up even though the companies themselves have been around for ages. Grow enough and cause enough irritation to the competition until you get acquired and cash out. It could be argued for an investor that there may be another step to that plan a few years from now but it seems to me for SAVE conversion to ULCC plus cash there really isn’t much more meat on the bone in the future for stock price at least. |
SAVE stock now needs a 100% gain to reach the value of the jetBlue offer. I wonder how shareholders feel about that.
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Give me my 33
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Originally Posted by dualinput
(Post 3369800)
What’s the typical trajectory of airline stocks? Even held for another 10 years and 800 planes in the combined company where will it be? This may actually be a good exit for most IMO.
Spirit and Frontier stocks were always kind of like investing in a start up even though the companies themselves have been around for ages. Grow enough and cause enough irritation to the competition until you get acquired and cash out. It could be argued for an investor that there may be another step to that plan a few years from now but it seems to me for SAVE conversion to ULCC plus cash there really isn’t much more meat on the bone in the future for stock price at least. |
Originally Posted by dualinput
(Post 3420875)
Give me my 33
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The stock just tanked 6% in the last 30 mins of trade on heavy volume. Maybe the deal fell apart? Seems like someone knows something.
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