Jet blue wants us now
06-10-2022 | 02:04 AM
#1142
Gets Weekends Off
Joined: Feb 2011
Posts: 172
Likes: 0
They financed the purchase.....so it is money they do have. In poker do you promise 150 million cash to the table before someone calls your bluff?
06-10-2022 | 05:08 AM
#1143
On Reserve
Joined: Nov 2009
Posts: 55
Likes: 0
Spirit Airlines is a top trading idea at JPMorgan because a merger looks like a go
07:15 AM | Spirit Airlines, Inc. (SAVE) | By: SA Editor Clark Schultz, SA News Editor
JPMorgan upgraded Spirit Airlines (NYSE:SAVE) to an Overweight rating from Neutraland named it a Tactical Trade Idea.
Analyst Jamie Baker and team believe some merger involving Spirit is a high probability outcome. They also think a merger outcome between Spirit and JetBlue Airways (JBLU) is a growing probability and may overtake the likelihood of a Frontier Group (ULCC) deal.
"Most importantly, Spirit shares are trading in line with the proposed Frontier offer, and – owing to the break fee – slightly below what Spirit shareholders would receive if the DOJ were to block the transaction today, holding current share prices constant. In our mind, this largely insulates Spirit shares from any material downside owing to fundamentals, at least in the near term."
The recommendation to investors if for Spirit shares (SAVE) to be held at least until the revised June 30 shareholder vote. By setting an 80% probability of achieving a $31.50 (JetBlue offer) outcome and 20% to current levels, JPMorgan derives a price target on SAVE of $30.
Shares of SAVE rose 2.87% premarket to $22.93.
https://seekingalpha.com/news/384760...ooks-like-a-go
07:15 AM | Spirit Airlines, Inc. (SAVE) | By: SA Editor Clark Schultz, SA News Editor
JPMorgan upgraded Spirit Airlines (NYSE:SAVE) to an Overweight rating from Neutraland named it a Tactical Trade Idea.
Analyst Jamie Baker and team believe some merger involving Spirit is a high probability outcome. They also think a merger outcome between Spirit and JetBlue Airways (JBLU) is a growing probability and may overtake the likelihood of a Frontier Group (ULCC) deal.
"Most importantly, Spirit shares are trading in line with the proposed Frontier offer, and – owing to the break fee – slightly below what Spirit shareholders would receive if the DOJ were to block the transaction today, holding current share prices constant. In our mind, this largely insulates Spirit shares from any material downside owing to fundamentals, at least in the near term."
The recommendation to investors if for Spirit shares (SAVE) to be held at least until the revised June 30 shareholder vote. By setting an 80% probability of achieving a $31.50 (JetBlue offer) outcome and 20% to current levels, JPMorgan derives a price target on SAVE of $30.
Shares of SAVE rose 2.87% premarket to $22.93.
https://seekingalpha.com/news/384760...ooks-like-a-go
06-10-2022 | 06:48 AM
#1144
Gets Weekends Off
Joined: Nov 2019
Posts: 111
Likes: 0
Spirit Airlines is a top trading idea at JPMorgan because a merger looks like a go
07:15 AM | Spirit Airlines, Inc. (SAVE) | By: SA Editor Clark Schultz, SA News Editor
JPMorgan upgraded Spirit Airlines (NYSE:SAVE) to an Overweight rating from Neutraland named it a Tactical Trade Idea.
Analyst Jamie Baker and team believe some merger involving Spirit is a high probability outcome. They also think a merger outcome between Spirit and JetBlue Airways (JBLU) is a growing probability and may overtake the likelihood of a Frontier Group (ULCC) deal.
"Most importantly, Spirit shares are trading in line with the proposed Frontier offer, and – owing to the break fee – slightly below what Spirit shareholders would receive if the DOJ were to block the transaction today, holding current share prices constant. In our mind, this largely insulates Spirit shares from any material downside owing to fundamentals, at least in the near term."
The recommendation to investors if for Spirit shares (SAVE) to be held at least until the revised June 30 shareholder vote. By setting an 80% probability of achieving a $31.50 (JetBlue offer) outcome and 20% to current levels, JPMorgan derives a price target on SAVE of $30.
Shares of SAVE rose 2.87% premarket to $22.93.
https://seekingalpha.com/news/384760...ooks-like-a-go
07:15 AM | Spirit Airlines, Inc. (SAVE) | By: SA Editor Clark Schultz, SA News Editor
JPMorgan upgraded Spirit Airlines (NYSE:SAVE) to an Overweight rating from Neutraland named it a Tactical Trade Idea.
Analyst Jamie Baker and team believe some merger involving Spirit is a high probability outcome. They also think a merger outcome between Spirit and JetBlue Airways (JBLU) is a growing probability and may overtake the likelihood of a Frontier Group (ULCC) deal.
"Most importantly, Spirit shares are trading in line with the proposed Frontier offer, and – owing to the break fee – slightly below what Spirit shareholders would receive if the DOJ were to block the transaction today, holding current share prices constant. In our mind, this largely insulates Spirit shares from any material downside owing to fundamentals, at least in the near term."
The recommendation to investors if for Spirit shares (SAVE) to be held at least until the revised June 30 shareholder vote. By setting an 80% probability of achieving a $31.50 (JetBlue offer) outcome and 20% to current levels, JPMorgan derives a price target on SAVE of $30.
Shares of SAVE rose 2.87% premarket to $22.93.
https://seekingalpha.com/news/384760...ooks-like-a-go
So… JetBlue?
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06-10-2022 | 10:01 AM
#1147
Gets Weekends Off
Joined: May 2010
Posts: 429
Likes: 0
only play Ted has. Drive up labor so high with the hopes B6 backs down. Screws Franke too though.
06-10-2022 | 10:15 AM
#1148
Almost there
Joined: Apr 2021
Posts: 2,011
Likes: 144
I’m aware Frankie said he’s not willing to bid more. Now we just have to wait and see if that’s true.
06-10-2022 | 10:23 AM
#1150
Gets Weekends Off
Joined: Aug 2019
Posts: 1,200
Likes: 0
Frankie’s offer was hardly any cash at all anyways. How much does he cherish his cash?
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