Mesa Files Bankruptcy...

[topdawg]

Here's what I don't understand. Why doesn't some cold-hearted corporate raider with the $14 million to invest short term buy Mesa, and shut the doors? It has a book value of nearly $5 a share (including $112 million in stock equity and $33 million in retained earnings). Even if the stock value were dropped to zero, you would still have a $33 million minus $14 million = $19 million profit.

$19 - $150 (Aloha lawsuit) = $131 Loss

 

[Ezralite]

Question: What do Mesa and Curtis James Jackson III have in common?

Answer: They're both Fitty Cent.

http://finance.yahoo.com/q?s=mesa

 

[Soverytired]

$19 - $150 (Aloha lawsuit) = $131 Loss

Even assuming the Aloha lawsuit goes away, the "buyout - sell off the pieces" scenario won't work. Any buy would have a contractual obligation to provide lift to the code share partners.

United, UsAir and Delta are not going to accept "I'm the new owner and I'm going to ignore all these contracts now."

You want to talk "slam dunk lawsuits?" These would be no-brainers.

 

[Jon Rivoli]

No one is going to buy now. Once in bankruptcy you'll be able to get a better deal. Ditch the airplanes you don't want, sidestep the lawsuits, shed some debt, negociate better lease terms. Why buy it on the hoof today when you should be be able buy the T-Bone, Prime Rib and Sirloin on sale next week.

 

[WalterSobchak]

Question: What do Mesa and Curtis James Jackson III have in common?

Answer: They're both Fitty Cent.

http://finance.yahoo.com/q?s=mesa

Not to mention, they're both kinda "ghetto-a$$"...