Double Down Position on Spirit Airlines (SAVE)

On October 14^th, we doubled down on our position with Spirit Airlines (SAVE). Spirit has recently taken a hit in their stock price due to concerns arising from the Ebola virus and capacity concerns. Spirit has airlines that fly to Africa and the worry over loss of business in that region has the street worried about whether this could cause significant impact. In regards to their capacity returns, Spirit recently extended its fleet by about 15 aircraft’s, causing an increase in the supply of seats. Since there has been an increase in supply so suddenly, the demand for the aircraft’s have not been met yet, but we believe this is only due to the fact they were recently added. Spirit’s position is still strong and their business model is intact, which leaves us to believe that this is a great time to double down on our investment.