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re: Spirit Airlines options - can someone explain how this works?
Posted on 6/28/22 at 8:22 pm to Jag_Warrior
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.
1
Posted on 6/29/22 at 8:23 am to Ramblin Wreck
The Jet Blue offer is almost certainly not going to be accepted, hence the stock price trading much closer to the Frontier offer price.
ETA- it’s a risk reward play, but it’s not easy money, if you’re thinking it is.
ETA- it’s a risk reward play, but it’s not easy money, if you’re thinking it is.
This post was edited on 6/29/22 at 8:25 am
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