I keep my eye on virgin because it owns 50% of a protected,...

I keep my eye on virgin because it owns 50% of a protected, profitable market. Or at least the other half is profitable. Virgin can't make any money off their half. But they should be able to.

Instead they have a CEO who has lead the company through a stagnation in value and a dramatic 50%+ drop in the last year. And he's aiming for cash flow positive. Not even profitable, but keeping money in the bank. Heck even cash flow positive could be achieved by depreciation on all the capital investments they have made or by simply borrowing more cash. Cash flow has absolutely no bearing on the profitability of an enterprise.

DOYR but I wouldn't buy any VAH until something changes in mgmt and strategy.