Added to YB: 2024-10-23
Pitch date: 2024-10-22
SAVE [bullish]
Spirit Airlines, Inc.
-82.97%
current return
Author Info
Banash Capital is a qualitative analyst who shares stock ideas in their newsletter. Sign up for the newsletter.
Company Info
Spirit Airlines, Inc. provides airline services. The company also offers hotels and rental cars services.
Market Cap
$404.1M
Pitch Price
$2.73
Price Target
N/A
Dividend
N/A
EV/EBITDA
15.09
P/E
-0.83
EV/Sales
1.27
Sector
Passenger Airlines
Category
special_situation
Spirit Airlines' $300M Debt Extension Reduces Bankruptcy Risk, Unlocks Speculative Upside
SAVE (special sit): Opened small speculative position. $300M new debt reduces bankruptcy risk. $1B total liquidity. Likely intentional underperformance to force bondholder cooperation. Industry profitable, peers near highs. Survival could mean multiples of current price. $3.5B JetBlue, $2B Frontier past offers vs $300M market cap. Merger possible post-election. High risk remains.
Read full article (1 min)