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Re: Knowledge is King post# 88464

Wednesday, 06/30/2021 12:13:20 PM

Wednesday, June 30, 2021 12:13:20 PM

Post# of 114119
Yes- United came out with news yesterday about replacing their aging fleet, including the 50 seaters (CRJ200), which makes up the entirety of what HRBR has. The current contract ends in February 2023 and i'm not sure if this will include the smaller/regional carriers. However, after researching more last night, I came to the conclusion that the CRJ200 are going to be sold for far less, maybe $1 million per.

I'm really beating myself up for not selling at $3, but I sold my entire position this morning in the $1.90-$2.26 range. Still a 10 bagger for me, and nothing to complain about as there are worse things. The market hates uncertainty, and I think this one has run its course. I can't see a lot of upside from here.

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