Is there any downside to buying Spirit Air today? They are hovering around $22 and Jet Blue has offered $33 per share to acquire. If they decline this, they will likely be merging with Frontier. They have lost money the last two quarters, but their MC is only 2.5B and they do about 1B in revenue. Avg PT is 26 with no sell ratings anyways even if they do not merge or get acquired. Thoughts?
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