"$SAVE - SPIRIT AIRLINE - E.R. ON MONDAY"
Posted: May 02, 2024
- Promising stock: $SAVE (Spirit Airlines) - Earnings Report on 5/6 - $JBLU stock was affected by Biden's D.O.J. decision - Projected liquidity of $1.4 billion by end of year - Potential takeover bid by Southwest or Freedom - Short sellers need to cover 30% of float, pushing stock price up - Strong buy recommendation at current price - Low risk with high potential upside opportunity
Summarized top reddit comments: - Southwest may make bid to diversify - $SAVE has been under relentless short attack - $SAVE has liquidity and assets that make it undervalued - Predictions of $7 by end of week, buyout at 10X - Shorts could be in trouble if new suitor announced - Criticism of relying on stock tips from Reddit
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