SKYW's auditors want to move some maintenance expenses back one year, which would make the airline even more profitable now. How many companies do you know that try to make their current quarter's accounting look less favorable, while the whole sector is in a slump?This is the dumbest reason I have ever seen for a pre-market dip. I will be adding cheap shares as others toss them away.
You're exactly right. This is insignificant however, with the current state of investor psychology and the overall market expected to open lower I expect to see a great opportunity to acquire shares at a low price.
I already took some at 13.20 from a panicked sheep. Happy to hold them for a while too, the fundies here are strong.