Down 98%, Is It Time to Buy Spirit Airlines Stock?

Just like airplanes take off and land, shares of Spirit Airlines (NYSE: SAVE) have taken shareholders on a ride. Only in this instance, there has been ridiculous amounts of turbulence on the journey.The business has made for a terrible investment. This airline stock currently trades 98% off its all-time high, a milestone that was achieved nearly 10 years ago. At this beaten-down level, is it time to buy Spirit Airlines?Things briefly reversed course recently. From Oct. 18 to Nov. 11, shares of the troubled airline surged 131% higher. The company initially gave shareholders a sigh of relief when it said it was able to secure an extension with bondholders to refinance its debt.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool