Source SEC filing on Gol website.
That said, it is now time to buy a little.
As far as I know, the 8,000,000 share buy made by Janus is a new holding. That's a pretty nice bet. I myself predicted $1s months ago but began buying today @ $1.91....could go lower, maybe even BK, but not likely ahead of the olympics....likely a chance to double $$ here in 6 months or so.
In fact, I will go further and say the stock has NEVER, EVER been so cheap on a valuation basis. It is my opinion that this is quite possibly the very last chance to buy these stocks before they make a march into the triple digits and stay there for many years. Don't believe me? Well, UAL, AAL and DAL were all over $100 in the 90s....in fact, UAL was $200+ at one point with half the EPS it has now. AAL has $100+ written all over it if you can just ignore these idiot analysts and hedgefunds for a year or two. Just buy here or slightly lower and take a look a couple years ago.
It's different this time. Why? For one, the commodity supercycle is over and occurs 10 out of every 30 years. We have 10-20 years of cheap oil ahead....
I told a client of mine in 2007 ALK would earn $20/share ($10 now adjusted for splits) within 5-10 years....it's happenin' people! AAL will earn $10-15/share for many years to come, quite possibly more.
Oil may never see $70 again in my lifetime.
Because the operating income now is 10x then and the profitability 20x
Oh and the PE is 4.6 vs 7.5x in 2010 when the stock was $4.
I rest my case.
Next week the max pain is $51.50.
Now go back to your mama's service porch and get some sleep son.
Oil would have to rise $80/bbl before AAL would be unprofitable.
I rest my case in regards to US energy production over next 10-20 years.
WTI may never see $100/bbl again in my lifetime and I'm 45.
The pay increase, you idiot, is in analyst EPS projections and those are SIGNIFICANTLY HIGHER than last year. I am confident enough I have bought 3300 shares under $48.
Oil will not bottom until $30s and even then it will trade in a range for many years to come with $60-70 being the upper end.
This will equate to $10-12/share EPS year after year and a multi-hundred dollar stock price.
Buy now in AH $50+ by 8p EDT!!