Buying Spirit Airlines (SAVE) stock is risky but shorting it is riskier
Spirit Airlines (NYSE: SAVE) stock price has become toxic and unwanted this year. It has crashed by over 76% this year and by over 92% in the past decade. It is down by over 95% from its all-time high of $77 in 2014, meaning that $10,000 invested at the time would now be worth about $485. Spirit Airlines shares continued their sell-off after its $3.8 billion merger with JetBlue ended. In the aftermath, the company received about $69 million in breakup fees. These funds were not enough to ameliorate its recent pain. Why SAVE stock has plungedInvestors are concerned about three key things. First...