Podcasts Business Yet Another Value Podcast MDC Financial Research's Michael Cohen "halftime" report on the $JBLU / $SAVE merger trial

MDC Financial Research's Michael Cohen "halftime" report on the $JBLU / $SAVE merger trial

Published: Nov. 13, 2023, 1:10 p.m.

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Michael D. Cohen, CEO & Director of Research at MDC Financial Research, LLC, joins the podcast for the first time to share his thoughts on the JetBlue $JBLU / Spirit Airlines $SAVE merger trial that is now underway. Known for their \\u201cEvent-Driven Legal\\u201d investment-research, Michael Cohen and his team follow significant legal disputes and are closely watching the $JBLU / $SAVE case.

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For more information about MDC Financial Research, please visit: https://mdcfinancial.com/

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For more on the SAVE / JBLU trial, see podcast #197 with Lionel Hutz: https://www.yetanothervalueblog.com/p/lionel-hutz-breaks-down-the-jetblue\\n\\nChapters:

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[0:00] Introduction + Episode sponsor: Alphasense

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[1:38] Michael\'s overview of the $SAVE / $JBLU trial as the trial has commenced

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[14:47] How $SAVE / $JBLU case compared to Spectrum Brands trial

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[16:20] Judge for the $SAVE / $JBLU trial

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[19:52] Divestitures

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[22:50] Anti-competitive arguments

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[26:27] Spirit "Hot Docs" (Hot Documents)

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[29:02] "Flailing Firm" defense

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[35:28] Spirit stock performance since the trial started

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[39:41] Head of Network

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[42:31] Government "Hot Docs"

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[45:32] Market Definition

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[49:55] Additional takeaways from $SAVE / $JBLU case - government\'s focus on $SAVE\'s business model and testimonies on the fluidity of this industry

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[51:32] Odds of DOJ winning vs. $JBLU winning

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[54:26] What makes Michael think that this case isn\'t a coin flip in $JBLU\'s favor

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Today\'s episode is sponsored by: Alphasense

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