Xjt stock trading lower than Mesa now?? what is the deal?!

[ApocketA's_145]

i see xjt stock closed at $.40 a share and mesa is at $.45. what is really goin on over at xjt? that is sort of an insult to be lower than mesa... is there a possible chapter 11 in the near future?

 

[Daytonaflyer]

Delta and ExpressJet cancelled their contract, probably gonna lead to about 400 layoffs if not worse. Plus Mesa posted a profit last quarter.

 

[dooork]

Delta and ExpressJet cancelled their contract, probably gonna lead to about 400 layoffs if not worse. Plus Mesa posted a profit last quarter.

And Freedom got back the MCO flying!

 

[JonnyKnoxville]

And Freedom got back the MCO flying!

For now!!!

 

[asayankee]

i see xjt stock closed at $.40 a share and mesa is at $.45. what is really goin on over at xjt? that is sort of an insult to be lower than mesa... is there a possible chapter 11 in the near future?

Serious cash flow and liquidity problems. Financially speaking, they are in very bad shape.

 

[MONKEY]

Mesa's market cap is $12.08 million.
Express Jet's market cap is $21.06 million.

Express jet is worth nearly double what Mesa is worth, but that's not saying much.

But, just to look on the bright side (if you work for Mesa), Mesa is worth 124,810,560 Mexican Pesos.

 

[JetMonkey]

Its still above Frontier's price. It closed today at .27c

 

[joeyfly55]

Its still above Frontier's price. It closed today at .27c

Thats not good.

 

[ParrotheadPilot]

Investors should be happy (meaning stock price should go up) that XJT nixed that contract. That means instead of losing money on 23 airplanes worth of flying, they'll be even since they won't lose, nor gain, any money.

Ever watch a stock price of big companies when they announce layoffs. Share prices generally jump at the first news because it's getting people off the payroll and therefore the company will be making more money. It's interesting

 

[ATRGuy]

The information on the sub-par contract that XJET signed with CAL is getting disseminated thru the ranks of the investors. While this contract added a level of stability to XJET's operation, it did it at the expense of profitability and sustainability. There is a thought in the ranks of the instutional investor that XJET will have no choice but to file bankruptcy in order to get their cost structure down low enough to just break even. There will be a large amount of layoffs in all work sectors. Any labor agreements will need to be abbrogated to get relief both in compenstaion and productivity. All in all it will be a very rough year for the rank and file at XJET. Essentially, this contract was signed, as bad as it is, because of the missteps of the current managment team. It finally came to a head and they had no choice and got this slammed down their throat. Hence, a stock that will soon be delisted and sent to the pink sheets and an imminent bankruptcy filing.

(3 posts maximum till a starry eyed XJT kool aid drinker tells me how full of sh*t this post is)