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Spirit Airlines, Inc. Message Board

  • mcj96 mcj96 Jul 27, 2012 12:34 PM Flag

    SAVE is worth at least $35/sh in a nearterm buyout

    Here's my reasoning: SAVE currently has ZERO...debt,$415 mil in cash(that's $5.73/sh in cash), is growing revenues by 20%/yr and earnings by 30%/yr and is estimated to expand its aircraft fleet 4-fold by 2021. SAVE's 12 month consensus PT is already $31/sh. Any buyer WOULD HAVE a decent premium on top of SAVE's $31/sh consensus PT for the huge growth opportunity SAVE has in the US between now and 2021. In summary, I believe SAVE.... is currently a very strong buyout candidate for a large domestic player. I am currently holding SAVE in size. Good luck to all.

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