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re: Spirit Airlines options - can someone explain how this works?
Posted on 6/28/22 at 4:02 pm to Ramblin Wreck
Posted on 6/28/22 at 4:02 pm to Ramblin Wreck
quote:
I'm wondering if I should dump it and buy Spirit shares
There’s nothing about options in your post. Or do you mean, what are your options?
My advice would be to not jump back into an airline stock (or options) at this time, assuming you decide to unload your American shares. Just my 2 cents, so take that for what it’s worth.
1
Posted on 6/28/22 at 8:22 pm to Jag_Warrior
Yes, my question is "what is my best option?" I own a couple of thousand dollars in Spirit, so not a huge profit no matter what happens. However, I'd love to make up for some lost value in my AAL and other stocks if the Jet Blue offer is eventually accepted. The Frontier offer doesn't make a lot of sense to me.
quote:
“Frontier's $21.99 per share bid for Spirit, while notably shy of the sweetened $33.50 level proposed by JetBlue, carries fewer antitrust risks and is considered a ‘superior proposal' by the Spirit board of directors.”
At current prices — with Spirit changing hands around $22.50 — Frontier’s offer represents a roughly 2% decline in the stock price.
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