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Delta Air Lines, Inc. Message Board

  • mcj96 mcj96 Jul 26, 2012 12:31 PM Flag

    Why is there a 47:1 Sept 20 Call/Put Ratio for.. SAVE ?

    Is it because SAVE currently has ZERO....debt and $415 mil in cash($5.73/sh)? Or is it because SAVE... recently reported blow-out 2Q numbers ? SAVE is estimated to grow REVENUES...by 20%/yr for the next few years, AND...bottomline numbers by around 30%/yr. SAVE's consensus PT is $31/sh. In summary, why is SAVE's Sept 20 Call activity 47x greater than put activity ? Because SAVE has the most undervalued and attractive metrics in the airline industry, bar none. SAVE is growing so rapidly and has such high, fast-growing cash levels that it would make a VERY....attractive acquisition candidate for ANY..large domestic player. What is SAVE worth in a nearterm buyout ? Approximately $32-$33/sh or roughly 10x 2014 estimates, which are currently $3.26/sh. Good luck to all.

 
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