Mesa Air Group, Inc. (fka MESAQ)

[Wheeeeee]

Seems that that Total Other Income/Expenses Net of 35million did have its effect on the earnings.
http://finance.yahoo.com/q/is?s=MESA
Made a post about that one earlier. That was the only factor that would lead to 10+ cents earnings after adding back the tax hit. That 35million is bigger in that 1 q than years totalled before. So it may indeed be padding.

25 to 50 cents was never an option imo. Wierd statement and its wierd how they were published. What also is wierd is the PM selloff friday - that wasnt related to the engine news.

None the less, peeps seem to be holding. Not seeing alot of selling pressure (nor buying pressure for that matter. Sold off my entire trading position at the open and rebought some of it back at 0.155 ish.

Bit worried about the cash (since most is restricted).

All in all I am still bullish. I like the twist the media gave to the earnings. Though I need to look into their calculations. They might be comparing adjusted values to non adjusted values.

Average price of my hold was pushed down to just below 0.07 cents so noooooooooooooooooooooooooo worries at all.

Kinda pissed off though that they didnt announce. I allways sell half my hold pre earnings to rebuy the usual drop. (exceptions to the selling and buying apply)