SAVE - Airline Turnarounds: Spirit Airlines Vs. Mesa Air Group
2024-01-25 04:43:40 ET
Summary
- Dave Portnoy's tweets about being long on Spirit Airlines may spark a short squeeze.
- The fundamentals of SAVE, including its high debt load, make it a risky investment at $7 or $8 per share.
- Mesa Airlines offers a better risk/return profile for those looking to play an airline turnaround.
This week, on Netflix ( NFLX ), I found the time to watch Dumb Money (The GameStop Story). Incidentally, I know the GameStop Corp. ( GME ) story fairly well as I wrote It Only Takes A Spark For A Short Squeeze Inferno (April 12, 2020) and then The Shorts Are Riding A Tiger, Not Knowing How To Get Off Without Being Eaten (April 26, 2020) , published right here and exclusively on Seeking Alpha. As a quick aside and speaking of Netflix, on April 21, 2022, also exclusively published on Seeking Alpha, I wrote: A s Bill Ackman Liquidated, Netflix Is Now My Largest Sized Position ....
Airline Turnarounds: Spirit Airlines Vs. Mesa Air Group