ExpressJet gets delisting warning from NYSE

[8sugarsugar]

http://biz.yahoo.com/ap/080723/expressjet_delisting.html?.v=1

 

[Nevets]

Yeah, that was reported by XJT on one of their SEC filings last week.

 

[10nCLR]

Yeah, that was reported by XJT on one of their SEC filings last week.

Oh, YEAAAH!!!!!!!!!!
OLD NEWS, Move Along!!!!! Thank you!

 

[erikgigem]

I'm trying to understand why XJT stock is being punished the hardest out of all the regionals. (28 cents today verses Mesa at 51 cents).

Over the past two weeks, over 1 million shares of this stock has been dumped by major financial companies (Strs Ohio, Unionbancal Corp, Phocas Financial Corp). What is exactly going on?

 

[Scapegoat]

I'm trying to understand why XJT stock is being punished the hardest out of all the regionals. (28 cents today verses Mesa at 51 cents).

Over the past two weeks, over 1 million shares of this stock has been dumped by major financial companies (Strs Ohio, Unionbancal Corp, Phocas Financial Corp). What is exactly going on?

Probably because they signed a deal with Continental that doesn't make financial sense for the future of the company.

I think that in order for Express Jet to make money in the CPA that they will need concessions from every labor group in the company. Mesa, on the other hand, already pays the lowest and JO can turn those cheap contracts into cash for himself, (if no one else).

 

[Nevets]

I'm trying to understand why XJT stock is being punished the hardest out of all the regionals. (28 cents today verses Mesa at 51 cents).

Over the past two weeks, over 1 million shares of this stock has been dumped by major financial companies (Strs Ohio, Unionbancal Corp, Phocas Financial Corp). What is exactly going on?

Convertible notes due August 1 worth $128 million. XJT has the option to pay cash, stock, or a combination. XJT doesn't have enough to pay out in all cash and not enough stocks to issue to pay out all stock. But they have offered to refinance the notes on much better terms.

 

[Flyer1015]

Help a non-XJT guy understand, what exactly is going on at XJT?

In terms of fleet numbers, further cuts/growth, and pilot hiring/furloughing?

 

[bmpilot2003]

Probably because they signed a deal with Continental that doesn't make financial sense for the future of the company.

I think that in order for Express Jet to make money in the CPA that they will need concessions from every labor group in the company. Mesa, on the other hand, already pays the lowest and JO can turn those cheap contracts into cash for himself, (if no one else).

Exactly... Investors know that this company does not have much of a future if they can't change the financial ground they stand on.

Hey Nevets besides furloughs did Jerry ever mention you guys having to take concessions?

 

[kj6991]

XJT is a $.29 right now. I know a few guys who just bought a lot of their stock in the last few days. I'm thinking of buying some myself. Anyone?

 

[WacoIII]

XJT Lottery Ticket

If you have any extra $$ laying around tommorow might be an excellent morning to buy a XJT lottery ticket? Even FRNTQ closed at .31 and they are in BK.
FLY SAFE