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@Kokorache 1 month ago

RYAAY up on Musk buyout poll, though EU laws likely prevent it

RYAAY up on Musk buyout poll, though EU laws likely prevent it

Ryanair (RYAAY) closed higher on Jan 20 after Elon Musk ran a poll on X asking if he should buy the airline. This comes after a dispute with management regarding Starlink costs. A buyout is basically impossible due to regulations. EU laws require airlines to have 50% EU ownership, so Musk couldn't take a controlling interest. The company reports Q3 earnings on Jan 26. Analysts expect EPS of $0.16, down 45% from last year. The stock is trading at 14x forward earnings, which is expensive compared to Lufthansa. It's also trading below its 20-day moving average.
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@BrianHoward 1 month ago

just sounds like more social media noise to me honestly. i doubt any real move happens with ryanair until the ownership regulations change.