Jet blue wants us now
06-01-2022 | 02:03 PM
#831
Line Holder
Joined: Nov 2019
Posts: 236
Likes: 1
"These calculations resulted in a range of implied price per share of $34 to $64 (the “Spirit DCF Range”). Barclays noted that the implied per share merger consideration of $25.83 was below the Spirit DCF Range." So a B6 offer of $33 really makes it look like an empty attempt to raise F9s offer and that they maybe had a look under the skirt.
06-01-2022 | 02:11 PM
#832
Gets Weekends Off
Joined: Mar 2016
Posts: 172
Likes: 0
From: 320 Captain
Lots of fun reading the latest 8-K filed by Spirit going through all the lawsuits being filed, demand letters, and amended/supplemental "disclosures" by management/board.
Form 8-K
Form 8-K
06-01-2022 | 02:14 PM
#833
Line Holder
Joined: Sep 2017
Posts: 1,169
Likes: 164
From: NK CA
"These calculations resulted in a range of implied price per share of $34 to $64 (the “Spirit DCF Range”). Barclays noted that the implied per share merger consideration of $25.83 was below the Spirit DCF Range." So a B6 offer of $33 really makes it look like an empty attempt to raise F9s offer and that they maybe had a look under the skirt.
06-01-2022 | 02:21 PM
#834
Line Holder
Joined: Nov 2019
Posts: 236
Likes: 1
The number 33 is even more interesting now.
06-01-2022 | 04:22 PM
#836
That/It/Thang
Joined: Aug 2020
Posts: 3,502
Likes: 368
Haha. Well our CEO yesterday called the next phase of Spirit to be the “most successful airline in Earth”. Seems crazy runs in most C suites
06-01-2022 | 05:12 PM
#838
Line Holder
Joined: Sep 2014
Posts: 1,691
Likes: 21
From: 60’s Tech, Right
06-01-2022 | 09:23 PM
#840
Line Holder
Joined: Apr 2014
Posts: 94
Likes: 0
From: Always right
That would be an insane amount of money per share but I’ll use your example as an institutional shareholder. Let’s say 1 million shares at a DCA of $35. Fairly reasonable number and no need to go wild at $80. Today the price is rounded down $20. So just to break even, the institutional shareholder would need to buy another 500k shares. Further tying up 10 million dollars to hopefully get paid out when the deal goes through. Just to break even. No matter the scale, this is not a superior offer if your DCA is higher than $30 a share.
As to your second part. Ya it had better be a better product since it costs more. But that doesn’t mean the growth potential is the same.
As to your second part. Ya it had better be a better product since it costs more. But that doesn’t mean the growth potential is the same.
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