ExpressJet Holdings (XJT)
Hayman Advisors wants ExpressJet to increase the size of its board to 10 directors from nine, and appoint William Loftus to the new Class III directorship. Hayman has been in talks with ExpressJet about the company's business, relationship with Continental Airlines (CAL) and developments in the airline industry. Hayman holds 3,948,578 shares (1.8% of the total outstanding).

My Company

Market Perform - Price 2.90 on May 6
by Avondale Partners

XJT reported a loss of 44 cents for the March quarter, versus an 18-cent profit last year...We expect continuing losses as long as the 42-plane independent operation continues. Our 2.50 target assumes that the shares trade near or below the 3.50 recent bid [from SkyWest, which ExpressJet has now rejected] for the foreseeable future. Market cap: $153 million.

Hayman Advisors plans to nominate Andrew Jent and William Loftus as directors for election to ExpressJet's board at the 2008 annual meeting, which is scheduled for May 22. Hayman also said it has been in talks with ExpressJet about the company's business, its relationship with Continental Airlines (CAL), and developments in the airline industry. Hayman currently holds 3,732,085 shares (6.8%).

transportation

7.3 13.71% 219

movement

financialy strong

52 week low

Many positives I think oil will continue to drop.
The company has implemented it's own booking system.

P/E is 14.4, the PEG is 0.68, and the P/S is 0.19.

Undervalued airline that will be negatively correlated to energy.