ExpressJet (XJT)

[downsideup]

Earnings yesterday...

http://seekingalpha.com/article/107035-expressjet-holdings-inc-q3-2008-earnings-call-transcript?source=yahoo

Didn't see anything too surprising in them, but it looks like more of the same in the current market. Stick your head out of the fox hole to say anything, and get it lopped off...

Looks like the business is probably bottoming about here, and should tick up in the next quarter, but not sure the carnage is over in the stock, yet... and the direction of the economy is obviously still an open question...

They did reduce shares out by almost 1 million in the current quarter, from 21.6 to 20.7 and still have cash to buy more:

"As I mentioned, we do spend $2.3 million in repurchasing shares in the quarter and we have moved our share account from 21.6 million shares outstanding to 20.7 million at quarter close. We still have 5 million under our share and bond repurchase program and we will be in the market in the fourth quarter looking for value."