I got one thing out of it.
Company is buying back stock + negotiating a firmer CPA w/CAL = confidence is high that we will negotiate a firmer long term agreement with CAL
If Ream did not feel a deal was going to get done with CAL, I would think he wouldn't be too high about buying stock back.
Our CAL CPA is the biggest worry to investors, not branded flying.
The irony is, you should never buy airline stock (wise advice from old pilots) and you should only invest in what you know (wise advice from Warren Buffet). So what do you do when you really know airline stuff? And you really have a lot of confidence in your company? Who's in? Damned if you do, damned if you don't (definition of oxymoron by Bart Simpson). This time next year, are you going to be kicking yourself for not buying our stock at $3? Or are you going to be that guy who said, "I told you so," when the stock goes to $1?
|