Mesa Air Group, Inc. (fka MESAQ)

[Wheeeeee]

BTW if for some reason they save up some large amount of money then I hope they use it to kill the debt. If that happens then I am a long long long player.

The reason why I think the $20 price wont be reasonable is simply because their income is capped. They fly by contract and have a minor addional income via GO!
This basically means that the only way they can improve their earnings is to either get more contracts or improve their margins. The latter wont warrant such a price.

As I understand they have tried expanding and failed. The china division etc.

My current problem is that I am starting to get a bullish bias. Basically meaning that I might start to blind myself for the bearish signals. But it's hard to find negative stuff. The potential is great. I am hoping to find reasons why their earnings might be bad to improve my overview, but as of yet I cant find alot to merrit crap earnings.

Exciting times. If this explodes there will be one house less for sale in the city where I live. Paid for in cassssshhhhhhhhh. Gotta love a debt free life. Oh and a vacation to hawaii ofcourse :) Wanna see this sucker up close!