The US Global Jets (JETS) ETF is currently back up to a price that it last traded at on February 27th.
Saker Aviation (SKAS) operates the Downtown Manhattan Heliport and back on February 27th it was trading for $5.07 per share. Currently, SKAS is only $2.75 per share when it has only 1.029 million shares outstanding! SKAS is sitting on $2.369 million in cash with no debt and has $3.513 million in working capital with a book value of $4.643 per share! In 2019 before the pandemic, SKAS generated annual revenue of $11.57 million with annual free cash flow of $0.949 million!
In the very near future the Manhattan helicopter company Blade will be going public in a reverse merger into Experience Investment Corp. (EXPC). Blade will be valued at approximately $1.457 billion!
SKAS is practically a sure thing to return to $5-$10 per share! We do not own a position in SKAS!
Past performance is not an indicator of future returns. NIA is not an investment advisor and does not provide investment advice. Always do your own research and make your own investment decisions. This message is not a solicitation or recommendation to buy, sell, or hold securities. This message is meant for informational and educational purposes only and does not provide investment advice.