Replies to post #245617 on $Pistol Pete$, $Mick$ & Friends Stock Picks /news,

[mick]

hi peter, good to hear from you. good morning. how is it going my friend ?????

[mick]

they had a merger but biden stopped it. it is good for a scalper. ppr is not running away.

SAVE Spirit Airlines Inc
NYSE
55
2.79 0.07 (2.57%)

[mick]

they could do reverse though $SAVE
Outstanding Shares
109,518,296
07/24/2024

[mick]

SHEET NO LOOK GOOD

https://finviz.com/quote.ashx?t=SAVE&p=d#google_vignette

[mick]

BOOK VALUE @ PLUS $7

Cash/sh 8.77

[mick]

Spirit Airlines’SAVE transformation initiatives are commendable. The company’s efforts to upgrade and expand its fleet are also praiseworthy. However, SAVE is grappling with elevated operating expenses and weak liquidity.

Factors Favoring SAVE
In the second quarter of 2024, Spirit Airlines initiated a transformation plan to better align with market dynamics. The introduction of diverse travel options, ranging from premium to budget-friendly, reflects the company's commitment to offering a more personalized and flexible experience for all travelers.

Enhancements like priority check-in, improved boarding and guest-friendly policies demonstrate a clear focus on customer satisfaction and operational efficiency. This move not only aims to attract a broader audience but also positions Spirit to compete more effectively in a dynamic travel industry.

Spirit is set to achieve $100 million in annual cost savings, with $75 million expected by the end of the year 2024. Key initiatives include pausing recruitment, offering unpaid leaves, reducing overhead, furloughing pilots and realigning its network by exiting 42 markets and entering 77 new ones.

SAVE's efforts to expand and modernize its fleet are commendable. The company added eight new A320neo and A321neo aircraft, retired five A319ceo planes and ended the June quarter with 210 aircraft.

Spirit Airlines secured $37.2 million in AOG credits from Pratt & Whitney and recorded $7.1 million in credits. The company expects an average of 20 AOG aircraft in 2024 and plans to negotiate further arrangements after Dec 31, 2024.

Key Risks
Escalated operating expenses are adversely impacting Spirit Airlines’bottom line. This surge in operating expenses is primarily driven by the increase in labor costs and fuel costs.


In the second quarter of 2024, labor costs, comprising salaries and benefits (accounting for 29.2% of the total operating expenses), rose by 2.6% year over year to $418.4 million, and fuel costs surged by 4.2% year over year. The average fuel cost per gallon was pegged at $2.78, indicating a 6.1% year-over-year increase. The average fuel cost per gallon is expected to be $2.65 in the September quarter.

Spirit Airlines exited the second quarter of 2024 with a current ratio (a measure of liquidity) of 0.94, raising liquidity concerns. A current ratio of less than 1 indicates that the company does not have enough cash to meet its short-term obligations. Moreover, Spirit Airlines’high capex raises concerns as a high capex value in times of revenue weakness, as is the case with the company, is not desirable.
Shares of SAVE have decreased 83% over the past year compared to its industry’s growth of 20.1% in the same period.

[mick]

Source: Markus Mainka / http://www.Shutterstock.com

There’s no such thing as an easy idea for stocks to sell. However, if such a concept exists, discount airliner Spirit Airlines (NYSE:SAVE) would be my choice. Following a denial of a proposed merger with JetBlue Airways (NASDAQ:JBLU), SAVE stock probably can’t be saved. Look, I’m not here to pour salt on open wounds. But the reality is that since the beginning of this year, shares have lost over 84% of equity value.

Sure, it’s risky to actively bet against SAVE stock. According to Fintel, the airliner’s short interest stands at 30.18% of its float. The short interest ratio also lands at 8.4 days to cover. That’s how many trading sessions it would take for the bears to unwind their short positions. However, without the merger, the company simply can’t generate any traction.

Plus, we’re looking at significant problems here. In the best-case scenario, revenue may reach $5.47 billion at the end of fiscal 2025. That’s just 2% higher than 2023’s tally of $5.36 billion. And we’re talking about a discount airliner here: Spirit should be winning on the top line.

Instead, investors will be paying $2.60 per share for levered free cash flow (FCF) of $473 million in the red. That doesn’t seem like a good deal.

[iamthe walrus]

CRTG completed it share exchange agreement with Core Optics Sept 22 2024 . Core Optics projected to make 16 million in 2025 in just one year since they formed July 19 2023 as a private company but now officially public company through the merger The Coretec Group did not have any revenue or products before this merger with CRTG but now have revenue and 90 more patents . The new management should start communicating with the shareholders soon . I believe that the company which is still trading at .015 cents as it did before the close of this merger is undervalued and heres why . Core optics has partnerships with . The company’s distinguished clientele includes Sony, Ford, Hyundai, Samsung, and other major blue-chip companies. and this from the news release Sept 22 https://thecoretecgroup.com/press-releases/the-coretec-group-completes-share-exchange-agreement-with-core-optics/
" As part of the acquisition, Dr. Seonkee Kim has been appointed Chief Executive Officer of Core Optics. Core Optics is a leading manufacturer of testing and calibration equipment for Compact Camera Modules (CCM) used in automobiles, cell phones, and various other consumer and business technology applications. The company’s distinguished clientele includes Sony, Ford, Hyundai, Samsung, and other major blue-chip companies.
This company , Core Optics is out of South Korea where its manufacturing plant is and last july 2023 bought the compact camera module machines from Ismedia which was delisted from he Korean Exchangr where it traded generaly around 10 th 15 bucs a share. Core Optics retooled the CCM machines to test and assemble the CCMs for mostly autos and less for smart phones as autos have 12 cameras per car . So the new machines are already producing revenue in its first year and will hit at least 16 million in 2025 . They have little debt if any and good profit margins ..finacials should be highlighted more when address shareholders soon as they havnt since the close . Core Optics and Core SS llc are Virginia limited liability companies and The Coretec Group CRTG is an Oklahoma LLC . Core Optics LTD is the Korean susidiary but all now under The Coretec Group . They recieved a lot of shares but are all locked up for 6 months and their are 140 million shares in the float . Looking for a good update soon and a complete overview of all the partnerships !! Again i think CRTG is undervalued

From the news release last month
Key Highlights:

Successfully developed the isCrown array system with full automation collimation for 8-degree and 15-degree FOV.

Initiated R&D for Mobileye certification, with completion expected by the end of next year.

Collaborating with Hyundai Mobis on the development of equipment for high-resolution camera modules.

Engaged in a PrePV stage PO process in partnership with Hyundai Mobis.

Completed the delivery of a mass production line for Hyundai’s flagship vehicle camera to a Tier 2 automotive camera supplier in Korea.

[PENNIEStoSTACKS]

DANA WHITE and $VTHOUSD https://investorshub.advfn.com/boards/read_msg.aspx?message_id=176066721