Gol Linhas Aereas Inteligentes SA (GOLLQ)

[capitan_voegol]

What the end of Q3 will look like for the GOL!!

First of all, CEO Kakinoff and cart boy Edmar have said the GOL has been adjusted to the new economic reality of Brasil = high volatility and weak currency. They clearly stated at GOL day that they feel the are well position for Fx weakness. The analyst Samanthi Shit complained about currency strength and how it works against the GOL and perhaps they should not be hedge - well now how looks like the fool!

So we have much better load factor coupled with low Fx most of Q3 and stable fuel price. The GOL should show very good Q3. Most important we will see:

$R $570,000,000 cash add to balance sheet from the Smiles capital reduction
$USD $85,000,000 from Air France investment in Q3
Total cash in excess of $R 3,500,000,000!

Then come the debt swaps; note tender and replace with 8.875% new Christmas present for the cart boy Edmar!

Operate margin in 5-6% range IMO


So maybe they post small loss or breakeven - THE PATIENT IS HEALING! Soon come profits!


With all that is happening, forget Brasil macro environment - demand is strong and capacit is tight. This stock is absolute gift at $5.40!!!!

Absolute GIFT!

You must buy hand over fist ASAP as the move above $7 will soon start.


The capitan knows!