Good morning,
I am not aware of a collar but would love to hear any more info you have.
Agree with all the posts - and tend to think that economic conditions + rising oil + Toll selling compounded to send the stock to where it is.
My personal opinion is that the risk/return looks extremeley good. This company has the potential to earn 30-50cps each year over the next 5-10. At 28c it seems priced to go broke. Has serious potential to be a 10 bagger over time.
I believe currency hedging is in place but couldn't find a lot of detail to what extent (ie. hedged only for oil or as part of their anticipated purchase of new jets - could be an issue if they haven't hedged but would prob only be an extra $20m max - I would have thought).
Good to see libor premiums down to 2004 levels - should free up some cash in the system and remove fear of unfunded V aircraft.
United up 40% last night - I am not a short term trader but it can't hurt.
Have a good day
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