Tuesday, January 05, 2016

SAVE CEO Gets Pink Slip

one of my better buys has been SAVE, a low cost airline that was part of my November tranche. Since I bought them, they are up over 20%, in a difficult market. A large part of the gain was today, up 6% on news of sudden departure of CEO.

At first I did not understand the pop, that sometimes happens if a CEO is much hated (like Steve Ballmer).  But the speculation I read was that it portends that Save will be consolidated with another carrier.  That does make sense, though clearly a rumor at this juncture.

So fasten your seat belts, and hopefully prepare for take off.

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