Okay guys, what’s the plan?
03-09-2024, 07:21 AM
#31
Gets Weekends Off
Joined APC: Mar 2020
Posts: 146
Originally Posted by StoneQOLdCrazy
Good grief. Do you not understand that he did not make a $13,000 investment in Spirit stock?
He paid $13,000 for a few hours of non-negative media coverage and an attempt to create a PR narrative, specifically within the employee ranks, to try to convince you all is well. Which you have bought hook, line and sinker.
He paid $13,000 for a few hours of non-negative media coverage and an attempt to create a PR narrative, specifically within the employee ranks, to try to convince you all is well. Which you have bought hook, line and sinker.
03-09-2024, 07:35 AM
#32
Gets Weekends Off
Joined APC: Jun 2006
Posts: 1,423
Originally Posted by StoneQOLdCrazy
When one player is permitted to shed debt from lenders/vendors, and artificially reset labor costs to below-market rates...and other players are not availed of those tools...that is quite destabilizing.
Any narrative silmilar to "BK won't be that bad" is wishful thinking at best, and cynical dissembling at worst.
Any narrative silmilar to "BK won't be that bad" is wishful thinking at best, and cynical dissembling at worst.
03-09-2024, 08:33 AM
#34
Line Holder
Joined APC: Oct 2022
Posts: 36
Originally Posted by putzin
Offs, nobody, well except dumbass pilots, buys the dip on a company heading towards bankruptcy, especially C level execs! They didnt become multi-millionaires by being stupid. And I suppose you're subscribing to the theory Jblu spent 500 million on a merger they didn't think would happen so they could hurt a competitor that doesn't directly compete with them? You know because that's fiscally responsible. 🙄
03-10-2024, 07:14 PM
#35
Line Holder
Joined APC: Nov 2022
Posts: 40
Originally Posted by VacancyBid
It is nonsense and he didn't say that.
He said that losing the stock _they bought that day_ wouldn't hurt them. The purchases in question
I got this from an article with the headline "c-levels-at-uss-spirit-airlines-go-on-stock-shopping-spree"
It looks like a token investment ($70K between 8 execs) meant to generate rosy headlines. It doesn't shout confidence in a turnaround / buy the dip.
He said that losing the stock _they bought that day_ wouldn't hurt them. The purchases in question
- Rocky Wiggins, SVP and chief information officer, acquired 1,248 shares, spending USD7,188.48;
- Edward M. Christie, president and CEO, acquired 2,252 shares, spending USD12,971.52;
- Matthew Klein, EVP and CCO, acquired 3,277 shares, spending USD18,875.52;
- Scott Haralson, EVP and chief financial officer, acquired 1,011 shares, spending USD5,828.36;
- John A. Bendoraitis, EVP and chief operating officer, acquired 2,821 shares, spending USD13,138.56;
- Kevin Blake Vanier, VP finance and strategy, acquired 1,058 shares, spending USD6,094.08;
- Brian J. McMenamy, VP and chief accounting officer, acquired 131 shares, spending USD745.56; and
- Thomas C. Canfield, SVP general counsel and secretary, acquired 967 shares, spending USD5,569.92.
I got this from an article with the headline "c-levels-at-uss-spirit-airlines-go-on-stock-shopping-spree"
It looks like a token investment ($70K between 8 execs) meant to generate rosy headlines. It doesn't shout confidence in a turnaround / buy the dip.
I'm not delusional, I understand the situation we are in, but at the same time a lot of the doom and gloom/conspiracy theories spread in the last few month are absolute non sense.
03-10-2024, 08:39 PM
#36
Gets Weekends Off
Joined APC: Jul 2023
Posts: 239
Originally Posted by Flika
Again, if you think the c-suite can just buy stock the day or even week of bad press you are sadly mistaken, if they were bought, this trade was done well before the merger was terminated. If you are even a spirit employee you'll know TC has address this in the past, and you'll know most of them are compensated with stock, so we have no idea under what circumstances these shares were acquired. Not only that, If you do further research you'll see TC alone owns over 200,000 shares of spirit stock. Even to a millionare, a stock that was once worth 50+,going to 0 at 200,000 a pop is gonna hurt.
I'm not delusional, I understand the situation we are in, but at the same time a lot of the doom and gloom/conspiracy theories spread in the last few month are absolute non sense.
I'm not delusional, I understand the situation we are in, but at the same time a lot of the doom and gloom/conspiracy theories spread in the last few month are absolute non sense.
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