Monday, March 28, 2016

Some Virgin America

I initiated a position in Virgin America (Ticker: VA) at an average price of $37.68 (~ 12% position). It looks like JetBlue Airways (Ticker: JBLU) and Alaska Air (Ticker: ALK) are bidding for the company. I like these types of scenarios in which you have strategic bidders (versus financial bidders). According to Bloomberg, a deal may materialize next week with price talk in the 40s. So we’ll see…

Edit: I took my profits in Virgin America this morning (03/29) at $38.05 generating a net gain of ~ 1% over a 2 day period.

6 Comments:

At March 29, 2016, Anonymous Anonymous said...

Why did u cash out in $VA? Any news?

 
At March 29, 2016, Blogger Money Turtle said...

I was a nice quick profit... No new news...

 
At March 29, 2016, Anonymous Anonymous said...

Do you still like VA? Do you plan to get back in?
Do you think selling puts is a good way to play this?

 
At March 29, 2016, Blogger Money Turtle said...

If the price is right, I may get back in. You could sell Puts, but I would prefer the common.

 
At March 31, 2016, Anonymous Anonymous said...

what u think of $MDVN? does it eventually get acquired?
thanks

 
At March 31, 2016, Blogger Money Turtle said...

From the first read, it looks like $MDVN is plaaying hard to get, but I think it will eventually get taken out. It'll take some time...

 

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