Dude, you need to stick to mutual funds. Dude! Dude! JBLU stock is more likely to reach $1 before $10 - and I'm being generous. You are truly a legend in your own mind. A really impotent dude! As for your estimate of $6/sh, I would suggest that's 'accountant retail value' You would suggest that it's accounting retail value? I thought I suggested that was the cash value of the stock?(accountants are only slightly higher on slime scale than lawyers). No, an FO who is only wet behind the ears in investing is at the top of the list. Sales of assets in a distress sale will garner significantly less. And when is that going to happen all knowing one? I would suggest you will be working for $30,000 salary at a discount broker before that happens.
According to JBLU's last 10Q, they had $1.247B of debt due for the balance of 2008. Traditionally, JBLU's rolled over short term debt. However, the credit markets have pretty much seized up, so I would be willing to wager that JBLU's burned through a significant chunk of Lufthansa's $300M investment. And? Funny, LH bought JBLU stock at $7.27/sh in Dec 07. And? Andy?
If JBLU was in any kind of decent shape, they wouldn't be doing this 'innovative' death spiral financing. You call it what you like Andy Panda, but Jetblue will be in the airline business much longer than you will, and many of the legacys. Perhaps, you should send your resume to them and see if they will hire you as the assistant to the assistant to the assistant to the CFO. I'm sure that may pay more than the $30,000 you'll get at E-trade....although not much! Lending shares so that the financier can short the stock? Talk about F'd up. Man, it's amazing how many joe 6pack sheeple will view this as a good deal. Reminds me of the guy in my old squadron are you a WAC? who wanted to buy stock in a company that had declared ch 11 because it was cheap - NO, it was expensive; paying even a penny a share is a losing proposition.