Tranquility

That’s a bingo!

The thing I find most peculiar is he is sticking by our piece of **** management group who wrongfully sued us, dragged negotiations out for years, and reneged on a quid pro quo….

ULLI

$$$$$$$
Money speaks, simple as that.
Rumor has it pre covid jbu made offers to frontier, BF didn't accept

Stayontarget

It’s interesting, 81 pages in and I have not seen 1 post about people losing money on the JetBlue deal based on their share price offering. They all assume at $30 you would make gobs of money as if you purchased the shares right at the bottom. I purchased some of my shares at $35 and the rest at $26. This JetBlue deal would force me to sell some shares at a loss. As a shareholder why would I want that? How is that superior again?

I have no idea where the major institutions DCA is on their SAVE shares since they have been as high as $80 and as low as $8 but I doubt all happened to buy their millions of shares with perfect timing.

elmetal

so long as you have more than 55% of your shares at the $26, you won't be at a loss. besides, buying individual company's stock is a gamble. and gambling with your own company's stock is a gamble that is ludicrous to me. Something goes wrong you lose your job and your money.

Stayontarget

I don’t work at Spirit. I’m aware of the math and that wasn’t my point. My point that as a shareholder, why should I consider JetBlues offer superior? In my case it’s not. I would just rather have the shares converted to Frontier stock as, while never a guarantee, it’s probably going to increase over time. Sssssynergy for those that have been easily triggered haha. Even if I do decided to sell at a loss in the future it will be on my terms and to my tax advantage when I decide.

FlyGuy2002

of course i don’t want B6 for personal reasons. Never pretended I didn’t . I don’t see the SLI coming out looking good for many many that are
on property. Of course as. STAKEHOLDER aka employee I want nothing to do it B6 what it could do to my personal QOL. Zero secret there..

As a SHAREHOLDER I still much prefer F9. And for those of you in the “I want my payout now’ crowd let me frame it to you this way…

Spirit comes to us and offers us $17 raise tomorrow.. that’s probably a decent 15k a year raise for most.. the money now is Better than money in the Future crowd I’d have to assume you’d be happy with that raise? I mean why not right ? No guarantee you’ll make more if you send it back to spirit and demand more.. it may take many many months or more negotiation of you if reject the raise in hand. And of course as many of you say take the money now, you can’t count on ‘maybes’ in the future right?

or if maybe you have foresight to think the future worth of pilots is much more than a $17 instant raise, you say NO, and send it back. With that comes risks. It may take many many months, before you MIGHT get what you want . Are you willing to wait ? Are you saying you see potentially more money down the road if you say NO right now?

As I see it that same principal applies. I think the Future of a combined NK/F9 brings so much more potential for longer term gains. Nothing is Guaranteed, it’s not 100% certain that the combined company pays you the equivalent of JetBlues $30 offer. However using my raise analogy, It’s not a stretch of the imagination to think the potential new company can’t reward shareholders much more handsomely than a 1
time (not Guaranteed) JetBlue offer.

Anyone selling a turd is you telling me to Take the money now because it’s more certain than the future. Nah, I’m good, as a shareholder I’ll holdout.

elmetal

Sure.


spirit stock is at $20.

Even if you had 1000 shares at $80, you could DCA down below 30 and there you go, you made money. not a lot, but you made money.

The point is, one is an actually good product, the other is not. and we all know what NK/F9 will be like as a passenger.

Chimpy

he also said. (and I’m not kidding) “Jet Blue wants to Inspire humanity “ 😂😂😂. Relax bruh, you are flying obnoxious New Yorkers down to Florida in a 20 year old Airbus. Calm the F down

BeatNavy

A hold/sell decision on a stock you own should have nothing to do with your purchase price…it’s all about current and future value (unless of course you’re doing something for tax purposes like tax loss harvesting). If you base your own current value (what you think it’s worth or could get back to) based off previous values, you’re doing it wrong. Today’s value (and your hopefully educated guess as to its future value) has nothing to do with its past value. When financial experts (investment banks, analysts, private equity firms, etc) run models for valuation for values/future values on companies, nowhere in their models is a past value of the company (ie the value of what you bought it for at any point in time). Past performance is not indicative of future results…

If you think a forced sale of a stock you own at a 50% premium to its current price is a bad deal because you bought it at a 69% premium to its current price, I suggest something like this https://www.amazon.com/Investing-Dum.../dp/1118884922, or probably just get a financial advisor/consultant.

If you think the value of the stock you own will go up, and you have valid reasons to think that (solid DD, financial models showing solid future value, etc), that’s a valid reason to hold and hope for a different outcome. In this case, if you think SAVE+ULCC will appreciate more than 50% in the time it takes B6+NK regulatory approval to pass, that’s a valid reason to hold and hope B6 doesn’t happen (strictly speaking from a shareholder perspective). If you think it’ll go up because you bought it at a higher price, while humorous, it’s not sound investing strategy. Most professional investors aren’t planning on a 50% ROI in a 12-18 month timeframe. So if that opportunity comes for a premium like that, most tend to take it, unless there are compelling reasons not to. So far, as someone who doesn’t really care for the deal from a personal standpoint, I haven’t seen much from Ted that constitutes “compelling.” But I guess we will see what happens June 10th.

turbojet28

If Bill Franke had an inclination that the institutional shareholders weren’t on board with this deal, common sense would say that he would’ve already adjusted his offer by upping the cash portion, adding a reverse termination-fee, or both. The fact that he has been completely silent seems to say that he either is very confident in this deal winning or that he doesn’t really care if it falls apart. I find the latter option a little unlikely.