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.
posted by Money Turtle @ 3:32 PM
6 comments
6 Comments:
Why did u cash out in $VA? Any news?
I was a nice quick profit... No new news...
Do you still like VA? Do you plan to get back in?
Do you think selling puts is a good way to play this?
If the price is right, I may get back in. You could sell Puts, but I would prefer the common.
what u think of $MDVN? does it eventually get acquired?
thanks
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...
Post a Comment
<< Home