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researcher59

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Re: novicetrader post# 63539

Wednesday, 09/25/2019 1:04:36 PM

Wednesday, September 25, 2019 1:04:36 PM

Post# of 117077
SAVE +.59 to 37.12, I picked up a starter position in Spirit Airlines this morning. Stock seems to have made a bottom in the mid $30's. It's now trading at under 8x forward estimates and at just a 20% premium to tangible book value whereas many major airlines have negative TBV. Also positive is that the Ft Lauderdale runway upgrade is nearing completion after 4 months of downtime that reduced Spirit's flights to this key destination.
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