InvestorsHub Logo

OldAIMGuy

09/26/23 10:05 AM

#97 RE: eastunder #96

Hi EastUnder, Re: Article.........................

One thing I've been watching since starting my "investment" in MESA has been their book value per share. It's been cheap for quite a long time as the share price has declined - far cheaper than any airline I've studied. However, as they sell off assets, their book value will be dropping. I'd have to factor in their equipment sales to their current stated book value and see if the BV/Sh is still looking like a bargain. I'll report back when I study that more.

Generally I'm a long term investor and my MESA is in an IRA where tax loss selling isn't overly useful! So, it warrants further study on my part. The share price is now just below where it bottomed in late Q4, 2022. It's a very long way off its Q1, 2023 high of $3.64.

More later after my review,
OAG