I've been saying for months (years actually) that JBLU had the worst management team in the biz. Looks like some of them will go away (Barger, maybe more). But they need someone from outside, not inside. They need a new CFO as well. The entirety of the Barger Team has to go. Same for some of the brain dead board.
Not just a reverse split. Followed by a follow on to increase the float. Professional money managers cannot buy this stock. And it's only when they get involved will the name really do something. But it has to start with a strategy. I disagree on Bagger Daves. It's not a value creator. It's an ego booster. The market will not value Bagger until these guys prove it can have significant profitable growth. It's just another concept lost in the hundreds of other concepts. They should sell it to someone that can focus on it. These guys are not brand developers (although they think they are). Bagger Daves simply must go.
Longs can't be more "assertive" (whatever that means). Longs can't accumulate because of the terrible float. I've given these guys a strategy to fix their business. If they follow it, good for shareholders. If they don't, time to move on because these guys will prove themselves to be nothing more than a typical restaurant team, not strategic business people.
See my "Dear Management" posts. I have laid out the basic strategy for these guys to generate interest and increase the value of the stock. I don't know if they are reading them or not, but until they do, this stock will languish. It will have peaks and valleys. But until they execute a strategy (as I've outline for them) to increase the float, attract institutional investors and put capital to work in an accretive manner, nothing will happen. I'm personally going to give them some more time. Then I will just sell my position and move on.
I've never heard a more uninspiring conference call. Talking about stupid stuff nobody cares about. It's a shame this company doesn't have better management. Still, even these guys can't screw up the stock getting to $14+.
You are an idiot. For $9 you want a first class seat and lounge? Fly someone else. But you won't because you like the cheap fares. Idiot.
These guys guided lower on July 25. Then, 2 weeks later, they missed THOSE earnings. Wow. They better get some competent management on board instead of this incestuous "promote from within" model. How will you ever stop making the same dumb mistakes when the entire team has been there forever. There are perfectly good managers that ARE NOT mormons that could help.
They have no fuel risk. Fuel is either paid directly by their partners or reimbursed. No fuel risk at all.
I keep saying this is a $14-16 stock. Could be $20 with better management. But even these guys won't screw up getting to $14+.
There is no chance whatsoever (not even 1/2 of 1%) this is a triple. They have missed the runup for airlines. And they are both comatose and asleep. They are stupid. Simple as that. Worst management in the biz. And that is saying something.
You simply must increase the size of your float. I suggest doing a REVERSE split to get the stock price up and out of the penny stock range. (I know, counterintuitive). It really won't matter because it's so thinly traded anyway. Then, create an acquisition strategy to acquire as many BWW as you can get your hands on. Fund this strategy with a $50 million follow-on equity offering. You will get investors with a good story that is accretive to earnings. Once you execute that part of the strategy, then do another follow on (use of funds can be development of additional BWW or acquisitions, OR even expanding with another brand). SELL BAGGER DAVES. That's not where the value lies and you don't appear to be very good at brand development. You DO appear to be very good operators. That's the value creation. You can get this done in the next 2 years and have a company with an equity value of $300-500 million. Everybody can get rich.
Management. They have the worst in the biz. All over the board with strategy. They desperately want to be big airlines guys and run their business as such. When they go, the stock should follow if the board (also terrible) hires someone that knows how to run a smaller niche airline.
They should. The biggest risk to this company is the CEO's ego. He wants to "create his own brand" and be the next Sally Smith. This is instead of sticking with what made his company have any success. They should consider selling the Bagger Daves system, acquire as many BWW as they can get their hands on and, if they really feel the need to diversfy (after say, owning at least 100 BWW), then invest in other brands AS AN OPERATOR, not a brand manager. They seem to be good operators.
And by the way idiot, RJET isn't exposed to the "airline profits" warning. Or the spike in Jet fuel cost. If you had a brain, you would know that. But, as I keep saying, you have no brain.