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Was good last week too.. just buy at .055 and sell at .064... did that nearly every day to add shares...
Just need volume. Without volume, it isn't going anywhere. Everything is set up nicely. Just need fuel. Without fuel, we'll stay here in the forest.
Works for me.. I bought a few back today...
Bill, Thanks for the reply.
Thats a big question. Well, day traders can ride the hype and do pump and dump, nearly doubling their money. Because people do this in mass, the share price takes a leap. Also, people could be buying the stock because they are misinformed and now that it seems to be doing well, the hype has sucked in more people.
Go to frontiers bankruptcy reporting site (just google search it). It clearly states that the information that people will get shares or cash after bankruptcy in this filing is not true and that it is best not to believe the hype, but they aren't allowed to share specifics in the bidding process.
I weep because i bought at .55, and sold at .09. :'( I shouldn't have had that stopper...
Well this was a lot of fun this past week... banked some nice profits...
Now... does it look like we will actually get a bidding war going on.. if so.. this bad boy is gonna get REALLY fun...
LOL, too soon.. I bought last week at .056 and sold at .06 two hours before the run..I wasnt that sure of it so i sold. Im still kicking myself for it..
Bill, Thanks for the information. Just curious...why do people buy shares of a company in bankruptcy if the shares are going to become worthless if the company gets bought out? Thanks.
Important: Even if Southwest gets the bid, the stock wont go too high, because in the bankruptcy deal, the shares become worthless and we don't even get shares of the buyer company...
Ugh... Sold too soon! I sold at .09 when I baught at .51!!!! Ahhhhhhhhhhhhhhhhhhhh!
congrats, I bailed too soon!
Yer just dreamin..lol
MADNESSSSSSS
I should just go back to sleep. Surely my day has peaked lol
Damn the bad luck! lol! Nice...
HEEEEEEEEEEEEEEEEEEEEEE HAAAAAAAAAAAAAAAAAAAW AGAIN..lol
Geeze... appears all my sells filled.
Didn't expect that lol. Good start to the weekend
.135{2} X .14, .15{4}, .16{2}, .20...
That would be huge!
Best of luck utmost, the Q's are heating up nicely..
Congrats.
Def going to peel off a chunk tomorrow myself.
Glad I held on, out today between .10 and 11, made it worth the wait.
Feels good to catch them sleeping... now I need that on CDIv...
Me too.
I tried getting more @ .065 but the didn't reflect or honor my bid.
That was a panic short cover frenzy if I have ever seen one.
Congrats
So glad I have held mine and grabbed a few more duing the .05 to .064 range...
Where's retireat40?
LOL... selling into the run I am sure
Posted by: bankshot Date: Monday, July 13, 2009 6:11:22 PM
In reply to: None Post # of 209
Airline consultant Mike Boyd said in June that he did not expect anyone to try to outbid Republic for Frontier. If that were to happen, any higher bid likely would come from Dallas-based Southwest Airlines, which is in direct competition with Frontier for Denver International Airport passengers, he said.
Frontier is the second-largest carrier at DIA, while Southwest is third. United Airlines is the largest carrier at the airport.
Where's jumanji?
Question: What happens to our stock? With Republic owning 100%, will we get some Republic Airline stock? or will we lose everything?
NEWS:
U.S. District Court Strikes Ruling Voiding Collective Bargaining Agreements
The Teamsters applauded a decision by the U.S. District Court for the Southern District of New York that strikes down a bankruptcy court ruling that erroneously voided Denver-based Frontier Airlines' collective bargaining agreements with the union.
Yesterday's decision also sends the case back to the U.S. Bankruptcy Court for further review.
"This is a resounding victory," said Teamsters General President Jim Hoffa. "The U.S. District Court recognized that company rushed to the courthouse without bargaining in good faith with the Teamsters."
According to the decision, the bankruptcy court applied improper standards by considering proposals and supporting disclosures after the hearing had begun to consider Frontier Airlines' proposal to reject the collective bargaining agreements. The bankruptcy court's decision allowed Frontier Airlines to implement a 14 percent cut in wages.
"We are extremely pleased with the decision," said Capt. David Bourne, Director of the Teamsters Airline Division. "Companies should not run to court in hopes a judge will do the negotiating for them."
The Teamsters Union has refused to agree to Frontier's demand that it have the unlimited right to permanently outsource its heavy-check maintenance. Frontier then sought to reject the Teamster contracts.
"We will never agree to the outsourcing of work to foreign countries," said Matthew Fazakas, President of Local 961 in Denver.
The Teamsters Union represents about 325 mechanics at Frontier Airlines that are covered under the collective bargaining agreements affected by the decision. The International Brotherhood of Teamsters was founded in 1903 and represents more than 1.4 million hardworking men and women throughout the United States, Canada and Puerto Rico.
SOURCE International Brotherhood of Teamsters
That's good info... thanks for that...
Article on Frontier's bankruptcy lawyers:
July 14, 2009 3:49 PM
Davis Polk Helping Frontier Depart from Bankruptcy
Posted by Brian Baxter
When Frontier Airlines filed for Chapter 11 protection from creditors on April 10, 2008, the discount carrier faced the daunting prospect of not only being in bankruptcy, but being one of the few airlines to stay in business amidst the economic downturn.
"Every single airline that has filed for Chapter 11 since 2006 has liquidated," says Frontier's bankruptcy counsel, Davis Polk & Wardwell cohead of insolvency and restructuring Marshall Huebner. "And not only have we survived, but hopefully we'll have more than one party interested in buying us."
On Monday U.S. bankruptcy judge Robert Drain--he of the Delphi bankruptcy fame--approved auction procedures for Frontier to begin on August 11 if new bidders emerge for the Denver-based airline.
Indianapolis-based regional airline Republic Airways, which is being represented by Fulbright & Jaworski bankruptcy partner David Rosenzweig, made an initial $108.8 million bid for Frontier in June. But Huebner hopes that other bidders emerge to maximize the value of the assets.
"If we get some other bids we'll be able to have a real auction," he says. "But even if we don't, no one else has been able to save an airline in three years, and [Frontier] is kind of like the little engine that could."
Huebner would know, considering he served as lead bankruptcy counsel to Delta Air Lines in one of the largest and most successful corporate restructurings in U.S. history. (The effort won him a Dealmaker of the Year award from The American Lawyer in 2007. Huebner's kept busy since then--he nabbed an award this year for his work advising the Federal Reserve on the bailout of AIG.)
The number of airlines that have folded in the past three years is a veritable graveyard of recognizable aviation industry names--such as Aloha Airlines, ATA Airlines, Chicago Express Airlines, and TransMeridian Airlines. All soon found themselves being liquidated after filing for bankruptcy. It was a fate that Frontier also faced in the days preceding its Chapter 11 filing.
"We went in [to bankruptcy] in a very unusual way, because most [companies] know they're going to file because they're running out of money or have liquidity problems," Huebner says. "We received this sort of 'Death Star' notice from our credit card processor that in 72 hours they were sweeping $17 million out of our liquidity, which would have been an instant liquidation event."
Huebner and his Davis Polk team spent the next 46 sleepless hours getting Frontier ready to file for bankruptcy. Had the company not filed in that time frame, Huebner says the data processor would likely have changed its contract with Frontier, which would have potentially been a fatal blow for the ninth-largest airline in the U.S. (Frontier flights are primarily located in the western U.S., but the airline also flies to Mexico and Costa Rica.)
Huebner has been assisted on the Frontier matter by fellow restructuring partners Damian Schaible and Timothy Graulich. They represent the next generation of partners at the firm, as only a year ago, Graulich was of counsel and Schaible an associate. If the Frontier case is any indication, it also figures to be a profitable one.
Bankruptcy court filings show that as of its last quarterly report on March 31, Davis Polk has billed Frontier for more than $10.2 million in fees and expenses for its bankruptcy work.
Frontier's special counsel at Faegre & Benson has billed the airline for $275,229 during that same time frame, while conflicts counsel at New York bankruptcy boutique Togut, Segal & Segal has billed for $193,362.
Frontier's committee of unsecured creditors is represented by Wilmer Cutler Pickering Hale and Dorr bankruptcy and financial restructuring vice chair Andrew Goldman. Court records show that as of March 31, the firm has billed for nearly $1.1 million in fees and expenses.
Still in with some...let's roll!
Onward and upward, GLTY!
Can't blame you at all.
I went to 50% freebies myself. Going to hold on to the rest in a Kung Fu grip like state.
Having my risk mitigated to under .02 makes these low volume plunges bearable lol.
Agreed at EOD activity.
Something is no doubt cooking and staying with my gut feeling.
GL
I think you might be correct after watching today's close,
Couldn't resist going to free shares today when the mood changed to negative, and we couldn't break .11
I still have enough to make it interesting.
Last trade @ 16:01 was .09
Close that makes one say hmmmm.
Looking forward to the rest of the week here.
Personally I don't think this has even gotten started yet.
Keeping my shares where my mouth is of course
I saw that, but like I posted yesterday, I think the hype gave this an opportunity to run a little bit.
I got out at 8 and a half yesterday for like a 15% profit. It was nice to finally get my money back. I didn't want to risk where it might go from there. Turns out it went up some more, then dropped to the 7's. Then today it could have easily gone 15-20% either way.
I don't like to stay in any 1 stock for too long, so getting out with any profit is nice after a few weeks of being bled to death!
Yeah, maybe...but...where were you this morning when it went over 11 cents for possible 60-70% gains? ;)
I think people are starting to realize where this stock is most likely headed.
The SP says it all.
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Headquarters
7001 Tower Road
Denver, CO 80249
Contact
Phone: 720-374-4200
Fax: 720-374-4375
Web site
http://www.frontierairlines.com
Basics
Sector: Services
Industry: Regional Airlines
Full Time Employees: 5,200
Exchange: NASDAQ
Ownership
Shares Outstanding: 36.64M
Float: 29.77M
% Held by Insiders: 27.22%
% Held by Institutions: 60.80%
Background
Frontier Airlines Holdings, Inc., through its subsidiaries, provides air transportation for passengers and freight. The company operates jet service carriers linking from its Denver, Colorado hub to 46 cities coast-to-coast, 8 cities in Mexico, and 1 city in Canada, as well as provides service from other non-hub cities, including service from 10 non-hub cities to Mexico. As of May 18, 2007 it operated 59 jets, including 49 Airbus A319s and 10 Airbus A318s. The company was founded in 1994 and is headquartered in Denver, Colorado.
Moderator's Disclaimer - This board is for Frontier Airlines discussion purposes only and in no way a recommendation to invest or not in this stock. Any investment decisions should be based on your own due diligence and decision. You are solely responsible for your choices to buy or sell. This is a disclaimer and in no way holds the moderators legally liable for your investments.
Share price
Sean Menke Speaks Out
Frontier CEO: Credit-card processors eyeing airline industry
Thursday April 17, 6:30 pm ET
By Sandy Shore, AP Business Writer
Credit-card processing companies visiting other airlines, Frontier Airlines CEO says
DENVER (AP) -- The head of Frontier Airlines Holdings Inc., which is reorganizing under bankruptcy protection, said Thursday credit-card processing companies are visiting other airlines, too, worried by the industry's financial struggles.
In an interview with The Associated Press, Chief Executive Officer Sean Menke said the processors are concerned because the industry is coping with persistently high fuel prices, a credit market crunch and the slowing economy.
The card processors don't want to be on the hook for ticket refunds if airlines stop flying.
"I do know that airlines are being visited and they're being visited for all the same reasons that we were visited," Menke said. He declined to name which airlines were involved.
Menke's comments came a week after the Denver-based parent of Frontier Airlines filed a Chapter 11 petition in U.S. Bankruptcy Court to gain protection as it restructures debt. He said Thursday the airline is focused on staying a standalone carrier as it reorganizes under bankruptcy protection.
Menke said Frontier was forced into the move because its credit card processing company, First Data Corp., sought to hold up to 100 percent of proceeds from ticket sales in reserve until the passengers' flights are completed.
The filing prevents Greenwood Village, Colo.-based First Data from implementing the change until Frontier emerges from bankruptcy or received a judge's approval.
"We're in discussions with them looking for a resolution to this," Menke said.
Some analysts who follow the credit card processing industry said it's likely that the companies would re-evaluate the risk potential of individual airlines.
"In my opinion, I think they will be doing that just because of what the airline industry is going through," said analyst Adil Moussa of Aite Group, which is a market research company for financial industry.
Any decision, however, depends on the individual carrier's financial picture, Digital Transactions magazine Editor John Stewart said.
From its Denver International Airport hub, Frontier battles Southwest and United Airlines in an atmosphere that has kept ticket prices low. Analysts have mixed views about whether the airline will emerge successfully from bankruptcy, saying a critical factor will be its reorganization plan.
Menke said he is re-evaluating every part of the operation. While nothing has been ruled out, he has no plans now to lay off any of Frontier's 6,000 employees.
Since he became CEO in August, the price of oil has risen $70 a barrel.
The airline has adjusted its routes, reached an agreement to sell four jets and laid off about 100 employees. It also launched a turboprop subsidiary, called Lynx Aviation, to reach into small and mid-sized markets with higher-yield traffic.
Last month, Frontier posted a record 84 percent load factor -- the number of seats filled on a plane. That compared with about 77 percent in March 2006.
"All the changes are being reflected in the bottom line relative to production," Menke said. "In any other year, I'd be doing cartwheels or backflips" with those results.
As he examines operations, Menke is focused on staying independent but is looking at marketing agreements or other such partnerships and implementing a tiered fare structure where passengers pay more for additional services.
"I think everybody understands the pressure this industry is under right now and we have to find ways of driving additional revenue," he said. "We have to find ways of finding more cost savings and that will continue to be my focus."
King Capital Investment Group
http://kingcapital.tripod.com
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