Derek Capo

And like within a couple of weeks, you know, oil back then was, I think 40, 34, 30 or $40 a barrel.

And, you know, they had hedging on their contracts.

And so they were able to protect their profits and,

And so that's kind of like the story.

And they were still growing like 30, 40% a year.

So it was a really good growth story.

So, and then I think they went down to like two or three bucks after.

Yeah.

Yeah, that's correct.

That's interesting.

Usually whenever we make investments, we always try to look for a catalyst that's going to happen within the next three to six months.

It's going to get the stock to move higher, whether it's a corporate event, whether it's earning surprises, whether it's a strike basically not happening or something like that.

I mean, specifically with airlines.

Um, so there's always something like hedge fund.

People are always looking for catalysts.

There's gotta be something that has to happen with an X amount of time period.

And if nothing happens, two things, uh, either they unwind their position because they don't want to wait any longer or they put them along and they just want to cut their losses or they get active.

In other words, they get involved, they start buying even more shares and they figure out ways to get what they want through.

They turn into Bill Ackman.

They turn into Bill Ackman.