It is not rocket science for sure. But thank you for taking the time out to put your thoughts into a clear, and understandable format that even the most slow of ihub posters will be able to digest.

Folks can squabble over your post by a few penny(s) or points either way, but IMHO you nailed it. As you stated it is simple mathematics and valuation/OS nothing more.

I pray for a successful company, the PPS will take care of itself. This is a dog eat dog business to be in. But many factors are looking positive for the airline industry as a whole.

-Hoot