Assessing the Safety of Spirit Airlines (SAVE) Shares

Investment management firm Jackson Peak Capital discusses its insights on Spirit Airlines in its Q3 2023 investor letter. Despite challenging market conditions, the firm achieved a robust return in Q3 and acquired a position in Spirit Airlines calls after the stock plummeted in value post-earnings and leading up to the trial against the DOJ. Jackson Peak believes the market is mispricing the potential likelihood of success in the trial, resulting in a position with substantial positive expected value. However, Spirit Airlines does not belong on the list of the 30 Most Popular Stocks Among Hedge Funds.