Flyi

[Speed Turd]

Anyone heard anything? What's going on with these guys? Why didn't they file before the new BK deadline?

 

[captpetefam]

Because it wouldn't make a difference!

 

[Speed Turd]

Why would it not make a difference? And why are Wall Street analyist saying this is a buy?

 

[blueridge71]

They are cutting costs and revising their schedule. They pulled out of the west coast cities because those flights don't earn enough to pay for gas at current fare levels. Rumor has it that they are courting new investors. Other than that, they are just waiting for fuel prices to continue dropping and hoping that they can survive that long.

 

[Hvy]

Because they will go directly into Chapter 7.

 

[propsarebest]

I read today the NASDAQ has given them 30 day notice.
not good!!!

 

[GuppyPuppy]

Why didn't they file before the new BK deadline?

My guess is that they couldn't find anyone dumb enough to invest in a high-cost (per seat mile) operation.

GP

 

[Green]

apparently there are 17 new airlines pending aproval from the DOT. I find that astounding. People still willing to throw money at one of the worst industries in the western world.

 

[350DRIVER]

Because they will go directly into Chapter 7.

More than likely a given. . . Best of luck to all over there, not a very pretty situation at all.

 

[Steveair]

I bought some shares of Flyi the other day for 22 cents. If it works out, I'll make some great cash. If not, ohh well... other risks will pay off.

 

[WhiteCloud]

I bought some shares of Flyi the other day for 22 cents. If it works out, I'll make some great cash. If not, ohh well... other risks will pay off.

Good luck with it. I bought a Snickers bar and a Coke instead of 10 more shares of the stuff.

 

[Dangerkitty]

Why would it not make a difference? And why are Wall Street analyist saying this is a buy?

Tell me one, just one analyst that reccommends this pig as a buy.

 

[Dangerkitty]

Why would it not make a difference? And why are Wall Street analyist saying this is a buy?

Still anxiously awaiting your answer. Please tell me just one Wall Street analyst that is saying this turd is a buy.

 

[Steveair]

I doubt anyone on Wall Street is saying it's a buy. However, the stock is extremely cheap. For 54 bucks, you can buy 300 shares and if that goes up even a penny (as it did today), you can make enough to buy a nice dinner at least.

There's also the prospect that they could get bought out which would likely be a nice cash bonus too.

It's a dumb buy if you have nothing but with a little risk, you could make a little extra. Simple economics.

http://finance.yahoo.com/q/ao?s=FLYI

No one is recommending this as a buy. However, the median target is 51 cents so you could potentially make a little cash.

Personally, I own some shares and I did the same with United. The price I purchased it at trippled in as many months and I made a few hundred.

 

[say again]

Good luck with it. I bought a Snickers bar and a Coke instead of 10 more shares of the stuff.

So you were the SOB that took the last Snickers!!!!:smash:


I have some good news though- I just saved a bunch of money on my car insurance by switching to Geico!!!:laugh: Sad thing is my 1000 shares can't even pay a monthly payment.:bawling: