MESA sues DAL-stock tumbling!

[SoberIrishman]

Mesa just filed suit against Delta, and as of Monday afternoon, 3.50pm, their stock is in freefall!

 

[flyf15]

Mesa stock is down more than 50% in the last 5 days. That company is done.

 

[Fltlvls]

That company is done.[/quote]

Source?

 

[SoberIrishman]

http://money.aol.com/news/articles/qp/ap/_a/mesa-air-group-sues-delta-air-lines-over/rfid89917058

 

[flyf15]

That company is done.

Source?[/quote]

Of course, only my own observation/prediction, but companies trading at just over $1/share, loosing 50% of their stock price in 5 days, and having a market share just a mere couple of percent of what their competitors are.... have zero future.

Mesa's market share is 1/36th of Skywest's. Its 1/5th of Pinnacle's. Its even smaller than MAIR's... MAIR doesn't even have a business anymore.

Wall street has recognized this and the investors are all trying to get out while they still can.... better to get some of your money back now than nothing when the company goes out of business.

 

[Fltlvls]

Given they are losing their flying for Delta ,any airline stock would take a dump like that but it doesn't say anything about Mesa filing bankruptcy or going out of business (yet)...will be interesting to see if they lose the 900 flying now over the lawsuit

 

[XJohXJ]

Nevermind.....

 

[outtahere]

One can only hope! For the pilots, get out while you can. Good luck.

 

[Fltlvls]

Nevermind.....

MESA....SORRY I'M TOO SLOW

 

[brokedash]

MAG stock clsd down today @ $1.23/share. There was a slight rally in the last hour and it came up to $1.32/share but tanked in the last 15 minutes of the trading day.

Just under 2 million shares of MAG stock exchanged hands today and the current market cap is at 33 million.