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ExpressJet Potential Boardroom Fight Brews  
User currently offlineLAXintl From United States of America, joined May 2000, 26150 posts, RR: 50
Posted (6 years 10 months 6 days 8 hours ago) and read 2203 times:

Investment firm Hayman Advisors which had previously urged Expressjet to abondon its branded ops ( Expressjet Urged To Immediately Abandon Branded Ops (by LAXintl Jan 24 2008 in Civil Aviation) ) will nominate two members to the carriers board of directors.  box 

Quote:
Holder to Nominate ExpressJet Directors
Wednesday February 20
Hayman Advisors LP Raises Stake in ExpressJet Holdings Inc., Plans to Nominate Two to Board

NEW YORK (AP) -- Investment firm Hayman Advisors LP on Wednesday reported raising its stake in ExpressJet Holdings Inc. and announced plans to nominate two individuals for election to the regional airline's board.

In a filing with the Securities and Exchange Commission, Hayman reported owning 3.7 million shares, or a 6.8 percent stake in the Houston-based company. Hayman said it plans to nominate President Andrew N. Jent and William F. Loftus, managing director of consulting firm LoftusGroup LLC, for election to the board at the company's annual meeting in May.

Hayman previously advised the company to abandon its ramp-up of branded-flying operations, sell non-core assets and look for potential merger or acquisition deals with competitors like SkyWest or Republic Airways Holdings Inc.

Full story;
http://biz.yahoo.com/ap/080220/expre...jet_holdings_shareholder.html?.v=1


From the desert to the sea, to all of Southern California
10 replies: All unread, jump to last
 
User currently offlinePanAm747 From United States of America, joined Feb 2004, 4242 posts, RR: 8
Reply 1, posted (6 years 10 months 6 days 8 hours ago) and read 2177 times:

While the current "forget-long-term-strategies-and-don't-ever-think-creatively" school of thought in investments has spoiled a lot of good ideas that need a longer-term growth, if I was an ExpressJet stockholder, I would definitely demand of the board to make some changes to their business strategy of branded operations. What XE is doing now is good, but its sustainability over the long-term is in serious jeapordy - if it is to continue, XE's board must make some drastic changes and soon, or the "take-over-itis" bug will strike, and they will never have the chance.


Pan Am:The World's Most Experienced Airline - P(oor) S(ailor's) A(irline): San Diego's Hometown Airline-Catch Our Smile!
User currently offlineLAXintl From United States of America, joined May 2000, 26150 posts, RR: 50
Reply 2, posted (6 years 10 months 6 days 4 hours ago) and read 1956 times:

Yes could get quite interesting. Clearly shareholder value has seen catastrophic declines while the company has gone from solidly profitable year after year to a loss maker.

While not the most common path, shareholders can certainly elect board members that would be hostile to management in order to effect changes. However from recent comments by Expressjet CEO Jim Ream at a conference, I strongly get the feeling they are working hard on locating new contract flying including his statement about having gone back to CO with proposed new terms for future flying and would dump branded ops if the opportunity arises.



From the desert to the sea, to all of Southern California
User currently offlineIAHFLYR From United States of America, joined Jun 2005, 4790 posts, RR: 22
Reply 3, posted (6 years 10 months 6 days 4 hours ago) and read 1955 times:



Quoting LAXintl (Reply 2):
However from recent comments by Expressjet CEO Jim Ream at a conference, I strongly get the feeling they are working hard on locating new contract flying including his statement about having gone back to CO with proposed new terms for future flying and would dump branded ops if the opportunity arises.

PLEASE........bring CO Express back to it's 2006 days.



Any views shared are strictly my own and do not a represent those of any former employer.
User currently offlineSpencerII From , joined Dec 1969, posts, RR:
Reply 4, posted (6 years 10 months 6 days 3 hours ago) and read 1900 times:



Quoting IAHFLYR (Reply 3):
PLEASE........bring CO Express back to it's 2006 days.

That will never happen, because "mother Continental" is more interested in finding someone who will
work a little cheaper, make the product a little worse and wonder why the consumer complains.


User currently offlineIAHFLYR From United States of America, joined Jun 2005, 4790 posts, RR: 22
Reply 5, posted (6 years 10 months 6 days 3 hours ago) and read 1857 times:



Quoting SpencerII (Reply 4):
That will never happen, because "mother Continental" is more interested in finding someone who will
work a little cheaper, make the product a little worse and wonder why the consumer complains.

Hey, dream big as it doesn't cost a thing.

They sure got the cheaper end of the spectrum down well.



Any views shared are strictly my own and do not a represent those of any former employer.
User currently offlineModesto2 From United States of America, joined Jul 2000, 2819 posts, RR: 5
Reply 6, posted (6 years 10 months 6 days ago) and read 1703 times:



Quoting IAHFLYR (Reply 5):
Hey, dream big as it doesn't cost a thing.

They sure got the cheaper end of the spectrum down well.

Haha, well said. How are things in IAH these days?  Smile


User currently offlineXJETFlyer From United States of America, joined Apr 2007, 327 posts, RR: 0
Reply 7, posted (6 years 10 months 5 days 23 hours ago) and read 1684 times:

I just bought 10,000 more shares. This company will be just fine.

User currently offlineIAHFLYR From United States of America, joined Jun 2005, 4790 posts, RR: 22
Reply 8, posted (6 years 10 months 5 days 23 hours ago) and read 1663 times:



Quoting Modesto2 (Reply 6):
How are things in IAH these days?

Call me, we'll chat!  Smile



Any views shared are strictly my own and do not a represent those of any former employer.
User currently offlineDoug_Or From United States of America, joined Mar 2000, 3442 posts, RR: 3
Reply 9, posted (6 years 10 months 5 days 22 hours ago) and read 1599 times:



Quoting SpencerII (Reply 4):
That will never happen, because "mother Continental" is more interested in finding someone who will
work a little cheaper, make the product a little worse and wonder why the consumer complains.

this pizza tastes like cardboard....



When in doubt, one B pump off
User currently offlineShannoninAMA From , joined Dec 1969, posts, RR:
Reply 10, posted (6 years 10 months 5 days 22 hours ago) and read 1576 times:



Quoting Doug_Or (Reply 9):

this pizza tastes like cardboard....

And this glass of water looks abnormally blue... Wink

Quoting XJETFlyer (Reply 7):
I just bought 10,000 more shares. This company will be just fine.

 wideeyed  Ive never even messed with Airline stocks. I just dont see any stability in the industry as of now...One thing could seem great one day, and then all hell could break loose the next. Alas, thats for another thread  wave 



Shan Big grin


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