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Airline Pilot Central Forums (https://www.airlinepilotforums.com/)
-   Spirit (https://www.airlinepilotforums.com/spirit/)
-   -   SAVE stock (https://www.airlinepilotforums.com/spirit/132445-save-stock.html)

Flyby1206 09-30-2022 12:48 PM
Originally Posted by panpanpan (Post 3504467)
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.

https://seekingalpha.com/news/388765...vidend-payment


Spirit Airlines (NYSE:SAVE) dropped 6% after a NYSE notice reportedly indicated that shareholders would have to be holders of record in order to get a $2.50/share special dividend associated with the company's planned sale to JetBlue (NASDAQ:JBLU).

An NYSE notice today indicated that shareholders of record on Sept. 12 would be the only holders able to get a $2.50/share special dividend as part of the original agreement from late July, according to traders, who saw a copy of the NYSE notice that was circulating.

JetBlue (JBLU) announced in late July that it agreed to acquire Spirit Airlines (SAVE) for $33.50/share in cash, including a prepayment of $2.50 per share in cash payable upon Spirit stockholders’ approval of the transaction.

There was an expectation before the NYSE notice today that an individual didn't have to be a shareholder of record to get the $2.50/share dividend, according to traders.

JetBlue (JBLU) and Spirit (SAVE) didn't immediately respond to Seeking Alpha request for comment.

Earlier this month Spirit (SAVE) set its holder vote for its sale to JetBlue for Oct. 19.

Earlier this month Sen. Elizabeth Warren (D-MA) requested that that the U.S. Department of Justice heavily scrutinize the airline deal and ultimately block the combination.

panpanpan 09-30-2022 01:01 PM
Originally Posted by Flyby1206 (Post 3504495)

This should not be a surprise. The stock market is really bizarre.

ridinhigh 10-11-2022 12:57 PM
Originally Posted by panpanpan (Post 3504509)
This should not be a surprise. The stock market is really bizarre.

It's almost pricing like the deal won't go through, like twitter was.
Then BAM!

I wonder what will happen here. Personally in the camp of it gets approved.

Cockpit997 10-11-2022 01:31 PM
Originally Posted by ridinhigh (Post 3510709)
It's almost pricing like the deal won't go through, like twitter was.
Then BAM!

I wonder what will happen here. Personally in the camp of it gets approved.
Buy the dip! 😂

Kidding. Equities are kryptonite right now.

Tranquility 10-11-2022 02:02 PM
Originally Posted by Cockpit997 (Post 3510728)
Buy the dip! 😂

Kidding. Equities are kryptonite right now.
Buying equities now is like trying to catch a falling knife…. 1-2 year paper is yielding north of 4%, seems a good risk/reward to me now….

Excargodog 10-11-2022 03:28 PM
I like equities and when they are down is the time to buy them. And I’m genuinely impressed by how much NK has been able to increase their flying and revenue over 2019, BUT…

Buying stock in the company you work for voluntarily is a bad idea. UA pilots were REQUIRED to take some of their payment in UAL stock for a few years before UA’s last bankruptcy when it became worthless.

Single point failure modes are risky. Too risky for this kid.

Tranquility 10-11-2022 03:41 PM
Originally Posted by Excargodog (Post 3510810)
Buying stock in the company you work for voluntarily is a bad idea. UA pilots were REQUIRED to take some of their payment in UAL stock for a few years before UA’s last bankruptcy when it became worthless.

Single point failure modes are risky. Too risky for this kid.
It can be risky, if you don’t know what you’re doing and also don’t leverage your future to it. I started buying in early 2020 and sold half that June for a double. Playing with house money now until the JetBlue transaction closes at…. What was it, $33-something??

Point of the story, I’m trading our company’s stock, however I never bought with the intention of it being a long term asset. Yes, you can buy your company’s stock….

Excargodog 10-11-2022 03:46 PM
Originally Posted by Tranquility (Post 3510815)
It can be risky, if you don’t know what you’re doing and also don’t leverage your future to it. I started buying in early 2020 and sold half that June for a double. Playing with house money now until the JetBlue transaction closes at…. What was it, $33-something??

Point of the story, I’m trading our company’s stock, however I never bought with the intention of it being a long term asset. Yes, you can buy your company’s stock….
Didn’t say you couldn’t. Just that I’d rather put it in some broadly diversified elsewhere. YMMV.

ridinhigh 10-11-2022 07:52 PM
Originally Posted by Tranquility (Post 3510815)
It can be risky, if you don’t know what you’re doing and also don’t leverage your future to it. I started buying in early 2020 and sold half that June for a double. Playing with house money now until the JetBlue transaction closes at…. What was it, $33-something??

Point of the story, I’m trading our company’s stock, however I never bought with the intention of it being a long term asset. Yes, you can buy your company’s stock….

it’s almost a double from here if it goes through. And if it doesn’t it’s like the rest of my crap kicking my nutz. Good luck!

kangaroopilot 10-12-2022 02:02 AM
Originally Posted by Tranquility (Post 3510760)
Buying equities now is like trying to catch a falling knife…. 1-2 year paper is yielding north of 4%, seems a good risk/reward to me now….
Where are you getting 4%?


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