Mesa Air Group Inc (MESA)

[OldAIMGuy]

This less-than-positive note is from Yahoo Finance:

https://finance.yahoo.com/news/7-airline-stocks-sell-amid-195640645.html

Mesa Air Group (NASDAQ:MESA) revenues are declining while losses deepen. Those losses were particularly acute in the second quarter at $40 million whereas the company eked out a $213k net gain a year earlier.

Consider that Mesa Air Group has less than $50 million in cash on hand and eyebrows should rise. The simple math indicates that the company cannot continue to operate its business for that much longer. MESA shares will remain volatile and for day traders there’s plenty to like for that reason. However, any long-term investor should stay away. Management offers no guidance and increasing fuel costs could spike its losses again. It’s very difficult to gauge the shares as a result.

It's in my IRA, so there's no benefit in "tax loss selling" here. I'll probably just let it whither here. Even JETS is off from its 2023 high of $22 to just $15 right now. So, contrary investors might be tempted by the industry ETF. A 33% haircut on the industry ETF shouldn't be ignored.

Best wishes,
OAG