ExpressJet Holdings, Inc. (NYSE:XJT)

Were recently offered to be purchased for $3.50 per share and board turned down. After a 40%+ drop this stock as now where to go but up and they can always go back to the table and sell.

Overeaction to schedule cut back

As Commuters go this is a good one!

As Charters flying this is a Great one!

As a Contract flyer to Major Carryers they are working it now.

As Branded flying goes this one is finding its footing at a bad time.

In the end and after fuel prices take a toll on all commuters I think this one will still be standing.

The fact that other companys want to buy it out tells me they are doing something right!

Please refer to my pitch on the AirTran board for the similar reasoning behind picking this stock.

I'm totally all about this one! This one will keep on flying babe!! :)

skywest offers to purchase, expressjet declines saying not enough money. My guess even if skywest pays twice as much, its cheaper than buying new planes. Outperform.

As of close of business on 12/04/2007, this was a 1-star Morningstar stock that was trading at more than double it's Morningstar fair value.

Express Jet will either stop bleeding cash from its branded service or stop the service, if management has any sense.

This is a speculative play, but company is selling for a good bit less than cash on hand and could shoot up at any time (heavy short interest)

growth is already week and i feel the price of fuel will drag on the bottom line.

XJT has expanded beyond working strictly with Continental Airlines to work with other airlines also.

Net cash and planes alone are worth more than market cap.

The possibility to extract gains from 1.6 nillion dollars annual sales is also worth a lot of money.

Great financials; Success in branded flying would make a $15 to $20 stock. If they fail, management has the sense to cut losses. Selling under book value

Starting to branch out on their own, already a good client base. Will catch on soon.

It has earned an average return on its capital of more than 30% over the past five years, blowing away its peers. Think of ExpressJet as a savings account with a much higher yield than other savings accounts. As a business, ExpressJet is like a savings account that’s paying more than 30% interest. Most regional airlines are like savings accounts that pay only 5% interest. Some years they pay no interest at all. ExpressJet is like an account that pays big interest every year without fail.

Even after continental cancelled a part of XJT capacity agreement and tried to take over several planes, Continental had to rehire XJT on several of those routes when XJT opted to keep the planes . Low PE creates the upside.

XJT is hiring pilots at an amazing rate and expanding their routes.

lots of cash, low pe, expanding flights

this is going to hurt for a while. It's just too rich and too cheap, though.

Airlines are going into their cycle rotation with increased travel thru the summer and holidays. 5 yr chart tells the story. Sell at Xmas for a nice profit.

Could be explosive on bold indy move.