XJT has $7 a share in GROSS CASH. The company lost 50 cents, adjusted in the most recent quarter, and wasn't very far off from cash flow break even. THE COMPANY IS STILL TRADING AT "DISTRESSED" LEVELS, DESPITE THAT THE BALANCE SHEET EVIDENCES OTHERWISE! For its balance sheet strength, improved results compared to the year ago Q3, and turnaround potential alone, this stock should be selling for AT LEAST $5-6. The sell off in the stock today is, in my opinion, A SHORT TERM ANOMOLY.

Ream added, "Going forward, our results will get better as the utilization of our fleet returns to pre-recessionary levels, and we remain very positive in our ability to attract new customers in both our contract and corporate aviation divisions."