Yup—Air Wisconsin has been hiding in grey market obscurity but was just forced to post earnings for the first time in 9 years, and it's trading at a ludicrous 0.8x TTM EBITDAR
Air Wisconsin tweeted yesterday (since deleted) that they’ll be refurbishing the interiors of the 200’s and purchasing 550’s. They made a reference about how that’ll continue their strong partnership with united... kicking myself for not taking a screenshot but was a very very strong indicator from the source itself that the partnership isn’t going anywhere.
Excellent piece. In your DCF it would appear you're double counting the preferreds effect. Would not subtract the $13m if also considering the full 71.9m FD shares
Air Wisconsin tweeted yesterday (since deleted) that they’ll be refurbishing the interiors of the 200’s and purchasing 550’s. They made a reference about how that’ll continue their strong partnership with united... kicking myself for not taking a screenshot but was a very very strong indicator from the source itself that the partnership isn’t going anywhere.
Great analysis! Subscribed so I can watch your next calls.
I've been in HRBR since sub $.20 when I first saw the financials posted. Peeled some off between $2.50 and $3.00 and bought more under $2 this week.
Can I ask how you first discovered HRBR?
Brilliant analysis! Found you too late lol!
Excellent piece. In your DCF it would appear you're double counting the preferreds effect. Would not subtract the $13m if also considering the full 71.9m FD shares
Thank you for sharing, absolutely smashing it!