SAVE

Buys SAVE at 34.88

27-Oct-15 06:10 ET
Spirit Airlines beats by $0.03, reports revs in-line; authorizes $100 new share repurchase program  (37.87)
  • Reports Q3 (Sep) earnings of $1.35 per share, $0.03 better than the Capital IQ Consensus of $1.32; revenues rose 10.6% year/year to $574.8 mln vs the $571.84 mln Capital IQ Consensus.
    • Adjusted pre-tax margin for the third quarter 2015 increased 560 basis points to 26.9 percent. On a GAAP basis, pre-tax margin for the third quarter 2015 increased 760 basis points to 26.9 percent.

Courtesy of Briefing.com

Trailing earnings on SAVE are 4.14. That gives us a P/E of 8.3. Definitely in the area that makes me a buyer.

On my prior buy on SAVE at 43.00 I sold half at at 44.50 and got stopped out on the rest for a 31 cent lose.

My target here is 44.50.

Support is at 32.90 and I will add there if needed.

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