Replies to post #2792 on Mesa Air Group, Inc. (fka MESAQ)

[hang ten]

Good post Wheeeeee, thanks eom

[New Waters]

We like FA & TA combined. Wondering if MESA falls into (will fall into) any category of "postponed" delisting along with so many others due to the market conditions? I'm thinking the deadlines will be pushed out yet again.

How will the permanent SEC "short-selling" effect MESA?

BTW, I couldn't disagree more regarding the cost of fuel's effect on MESA's bottom line. Hedge or no hedge. BWDIK?

Appreciate your DD and commentary. Chart sure looks promising to me. "Hey Mac, can ya spare a quarta?" LOL

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Monday July 27, 2009, 2:25 pm EDT

WASHINGTON (AP) -- Federal regulators on Monday made permanent an emergency rule aimed at reducing abusive short-selling, put in at the height of last fall's market turmoil.

The Securities and Exchange Commission announced that it took the action on the rule targeting so-called "naked" short-selling, which was due to expire Friday.

Short-sellers bet against a stock. They generally borrow a company's shares, sell them, and then buy them when the stock falls and return them to the lender -- pocketing the difference in price.

"Naked" short-selling occurs when sellers don't even borrow the shares before selling them, and then look to cover positions sometime after the sale.

The SEC rule includes a requirement that brokers must promptly buy or borrow securities to deliver on a short sale.

At the same time, the SEC has been considering several new approaches to reining in rushes of regular short-selling that also can cause dramatic plunges in stock prices.

Investors and lawmakers have been clamoring for the SEC to put new brakes on trading moves they say worsened the market's downturn starting last fall. SEC Chairman Mary Schapiro has said she is making the issue a priority.

The five SEC commissioners voted in April to put forward for public comment five alternative short-selling plans. One option is restoring a Depression-era rule that prohibits short sellers from making their trades until a stock ticks at least one penny above its previous trading price. The goal of the so-called uptick rule is to prevent selling sprees that feed upon themselves -- actions that battered the stocks of banks and other companies over the last year.

Another approach would ban short-selling for the rest of the trading session in a stock that declines by 10 percent or more.

In addition to making the "naked" short-selling rule permanent, the SEC and its staff are working with major stock exchanges to make data on short-sale transactions and volumes publicly available through the exchanges' Web sites, the SEC announcement said. It will result in "a substantial increase" over the amount of information currently required, the agency said.

"Today's actions demonstrate the (SEC's) determination to address short-selling abuses while at the same time increasing public disclosure of short-selling activities that affect our markets," Schapiro said in a statement.

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NYSE Extends Reprieve for Stocks Trading Under $1 (Update1)
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=a.Xbtv98OHzY

By Nick Baker

June 30 (Bloomberg) -- The New York Stock Exchange extended it relaxation of listing requirements as the U.S. equities market stabilizes following the worst losses since the Great Depression.

The NYSE suspended until July 31 a requirement that the companies it lists keep their stock price above $1, according to a statement posted on its Web site. The New York-based unit of NYSE Euronext also permanently cut the lowest allowable market value to $15 million from $25 million.

NYSE Euronext, the owner of exchanges including New York’s Big Board, and Nasdaq OMX Group Inc. both eased rules to prevent a wave of delisting after the Standard & Poor’s 500 Index plunged 38 percent in 2008, its worst year since 1937. NYSE Euronext Chief Executive Officer Duncan Niederauer said on June 24 that he would probably extend the reprieve.

“It won’t be a permanent change,” Niederauer said that day. “I just want to be comfortable that most of the companies we were worried about are in the safety zone. Once we get to that point, I would imagine that will go back to our pre- existing rule set.”

On the Big Board today, 31 companies including the video- rental chain Blockbuster Inc. and the auto-parts manufacturer Lear Corp. traded for less than a $1, according to Bloomberg data. Since sinking to a 12-year low in March, the Standard & Poor’s 500 Index has surged 36 percent.

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Wed Jul 15, 2009 2:07pm EDT
* Nasdaq, NYSE to resume listing enforcement Aug. 3

* Up to 103 companies now failing to meet U.S. rules

* Pain on horizon for companies, and perhaps exchanges

By Jonathan Spicer

NEW YORK, July 15 (Reuters) - Time is running out on as many as 103 public companies now running afoul of rules for staying listed on the major U.S. stock markets.

At the end of this month, temporary reprieves granted by the New York Stock Exchange and the Nasdaq Stock Market will expire, putting renewed pressure on companies that have suffered more than most in the financial crisis and economic slump.

Last fall, the Nasdaq decided to waive its market capitalization and $1 minimum share price requirements to avoid a pending crush of delistings brought on by the severe market drop. The Big Board followed suit in the winter, the first time the centuries-old exchange made such a rule change.

The exchange operators extended those rule suspensions a few times over the last several months, but NYSE Euronext (NYX.N: Quote, Profile, Research, Stock Buzz)(NYX.PA: Quote, Profile, Research, Stock Buzz) and Nasdaq OMX (NDAQ.O: Quote, Profile, Research, Stock Buzz) recently told the U.S. Securities and Exchange Commission they will again start enforcing the listing rules Aug. 3. [ID:nN14300532]

With another extension unlikely, as many as 71 Nasdaq-listed companies and 32 NYSE-listed companies that now fall below the threshholds will face delisting next month, according to the latest data from the exchanges.

The numbers are down from October, when Nasdaq said 344 companies were under the $1 share price rule, and from February, when NYSE said more than 50 listings were about to disappear from the exchange. Nasdaq has some 2,900 U.S. listings, while NYSE has 2,200.

This month, Nasdaq said in a regulatory filing it "does not expect a further extension of the suspension beyond July 31."

That is bad news for companies such as NYSE-listed Internet calling company Vonage Holdings Corp (VG.N: Quote, Profile, Research, Stock Buzz) and newspaper publisher McClatchy Co (MNI.N: Quote, Profile, Research, Stock Buzz), as well as Nasdaq-listed drug company Peregrine Pharmaceuticals (PPHM.O: Quote, Profile, Research, Stock Buzz).

A company that trips the listing rule is given a correction period, usually up to six months. If time was already counting down on it when the exchange suspended that rule, the watch will begin on Aug. 3 where it left off.

But the return to normalcy -- with the Standard & Poor's 500 Index .SPX up 36 percent from the March low, but still down 27 percent from a year ago -- could also signal bad news for the exchanges themselves, since they derive revenues in several ways from their listed companies.

"I imagine, given these market conditions, they're going to try whatever they can" to keep companies listed, said Richard Repetto, analyst at Sandler O'Neill who covers exchanges. "It's definitely not in their best interest to delist that much."

Listings accounted for 21 percent of overall revenues at Nasdaq OMX in the first quarter, and 16 percent at NYSE Euronext. But the trans-Atlantic exchange operators -- which also don't want to be seen flouting their own rules for too long -- need strong listings to help drive revenues from data and trading.

Despite the relaxed rules, Nasdaq delisted 72 companies for regulatory noncompliance so far this year, while the Big Board delisted 24.

As part of its latest extension, the NYSE said on June 30 "suitable companies should remain listed during the prior and current period of unusual market volatility." It also permanently lowered its minimum market cap for listings to $15 million from $25 million.

Beyond market cap and share price, listed companies must also adhere to cash flow, earnings, and regulatory requirements, as well as specific qualitative standards.

NYSE listings whose shares fall below $1, on average, for 30 days receive a warning letter from the exchange that sets out a correction timeline. Nasdaq listings receive the letter after 30 straight days below $1. (

Reporting by Jonathan Spicer, editing by Matt Daily)

© Thomson Reuters 2009. All rights reserved.

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[rjbluesky]

Thank you Wheeeeee for this information along with that 2007 price target information. I agree, I hate to see far fetched numbers out there but I try to back mine up with certain things I have learned. We understand the company has restructured. We also know there are company connections and friendships i.e., Ornstein and Branson who are both in the airline business.

Regarding the restructuing side the company has accomplished, the question is will that affect the earnings per share and ultimately the PPS? Right now we haven't seen any news and neither has the market. After the upcoming report, I think we'll all get a better handle on what to expect going forward.

[Seminole Red]

now we know why the stock is acting slow....
your here.
The more idiots come in the more erratic the stock becomes and the higher the chance that it may irrationally pop down, so it might only take longer to reach the levels where this stock is supposed to be.