Added to YB: 2023-12-11
Pitch date: 2023-12-08
SAVE [bullish]
Spirit Airlines, Inc.
-96.71%
current return
Author Info
Under the Hood is a private investor (ex-NYSE, Bridgewater, Alliance Bernstein) writing about stocks. Sign up for their newsletter.
Company Info
Spirit Airlines, Inc. provides airline services. The company also offers hotels and rental cars services.
Market Cap
$404.1M
Pitch Price
$14.13
Price Target
19.00 (+3986%)
Dividend
N/A
EV/EBITDA
15.09
P/E
-0.83
EV/Sales
1.27
Sector
Passenger Airlines
Category
special_situation
Update: Spirit Merger Arb Review before Ruling
$SAVE at $14.5 undervalued; $JBLU takeover bid at $33.5 faces DOJ trial but 70% likely to win despite complications; $19 fair value est. 30% upside; ruling expected mid-late Jan; prefer equity over options to capture market reaction early 2023
Read full article (7 min)