Tri-CitiesVol
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- Jan 15, 2016
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So buy Frontier?
I saw on national news last night a window on a Boeing plane was cracked on a ANA flight in Japan. Possibly not newsworthy but for the recent bad door issue. I’m guessing Boeing will also have to make good with the airlines that had their planes grounded.I’m thinking about buying BA instead of BRK. But there’s a good chance that there will be more of a haircut coming after that door fell off mid-flight.
Spirit Aero might take a beating in the near term. They made the door that fell off of the Boeing plane and also there will be traders confusing them with Spirit Airlines selling.
BA is one of those essential for national security names. And pretty much a duopoly. No guarantees, but DJIA components typically aren’t hot garbage.
Plus you get a nice 4% dividend on IBM which is rare in the tech industryI like IBM, but wish they were smaller with a better opportunity to grow. At least they should have the pension issue which has been a drag on the stock for more than a generation mostly behind them. I like their businesses. I think that they can compete with MSFT, GOOG, and AMZN in the cloud and AI should be in their wheelhouse.
They still do great work. Check out masters dot com for an example. Especially the hole links and following player rounds.
Being in the business, there are just no straight airline stocks that turn my crank. I own UPS, but there are different segments to their business beyond air transport. Another virus, terrorist attack, financial crisis or other Black Swan event could close the doors on a number of airlines. Only exposure I have to air travel would be owning BRK-B since they own Net Jets. The fractional ownership/ time share private jet business has done really well covid and post Covid. The DOJ shooting down JBLU taking over SPIRIT is dumb. Good lord, two legacy carriers in Delta and Northwest got together about 15 years ago as did United and Continental.I’m thinking about buying BA instead of BRK. But there’s a good chance that there will be more of a haircut coming after that door fell off mid-flight.
Spirit Aero might take a beating in the near term. They made the door that fell off of the Boeing plane and also there will be traders confusing them with Spirit Airlines selling.
BA is one of those essential for national security names. And pretty much a duopoly. No guarantees, but DJIA components typically aren’t hot garbage.
I’m not surprised because the stock has been in the ****ter for a good while now and the big boys on Wall Street have better sources than the common investor. Today’s drop is a lot of speculators thinking that SAVE goes bankrupt. JetBlue has to pay something like a $300 million fee to SAVE if the deal doesn’t happen. The market cap is now only about 5x that fee.
It’s more appropriate to say it in the Political Forum, but the Obama and Clinton cabal HATE US businesses. They hate capitalism. They hate average people having financial success and joining their elitist club. They think that tax policy should be used for social engineering.
What's a legit price point to buy in? I remember during covid it was fun to buy at 12 and sell at 16, buy 18 and sell at 24 and rinse and repeat
Absent something crazy/appeal/buyout, SAVE is going BK. They leveraged themselves to the hilt in 2020 and they are just very poorly run....
It’s been a while since I’ve executed any trades. I shorted BRK/b 2/9/2024 $360 PUTs today. In a taxable account - I’m fine with buying the shares and taking the discount on them instead of paying the IRS on an option trade.
If you bought and held IBM since 2014, congratulations.