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$0.31 -0.04 (-11.43%)
10/6/2008 4:00 PM

Mesa Air Group, Inc. (MESA)

CAPS Rating:
*

The Company is a holding company whose principal subsidiaries operate as regional air carriers providing scheduled passenger and airfreight service.

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Avatar badkneehiker (23.02) Submitted: 12/17/07 7:17 PM : Underperform Start Price: $3.60 MESA Score: 63.07

Mesa is currently under investigation that it used Hawaiian and Aloha Airlines financials during bankruptcy protection to start a new inter-island airline (Go!). They have been claimed to use internal accounting data claiming to be a potential investor. Hawaiian and Aloha claim that this was never their attempt. Personally I think they never intended to invest and all along intended to enter the market. They will loose and damages alone could bankrupt the firm.

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