MDC Financial Research's Michael Cohen "halftime" report on the $JBLU / $SAVE merger trial

Michael D. Cohen, CEO & Director of Research at MDC Financial Research, LLC, joins the podcast for the first time to share his thoughts on the JetBlue $JBLU / Spirit Airlines $SAVE merger trial that is now underway. Known for their “Event-Driven Legal” investment-research, Michael Cohen and his team follow significant legal disputes and are closely watching the $JBLU / $SAVE case. For more information about MDC Financial Research, please visit: https://mdcfinancial.com/ For more on the SAVE / JBLU trial, see podcast #197 with Lionel Hutz: https://www.yetanothervalueblog.com/p/lionel-hutz-breaks-down-the-jetblue Chapters: [0:00] Introduction + Episode sponsor: Alphasense [1:38] Michael's overview of the $SAVE / $JBLU trial as the trial has commenced [14:47] How $SAVE / $JBLU case compared to Spectrum Brands trial [16:20] Judge for the $SAVE / $JBLU trial [19:52] Divestitures [22:50] Anti-competitive arguments [26:27] Spirit "Hot Docs" (Hot Documents) [29:02] "Flailing Firm" defense [35:28] Spirit stock performance since the trial started [39:41] Head of Network [42:31] Government "Hot Docs" [45:32] Market Definition [49:55] Additional takeaways from $SAVE / $JBLU case - government's focus on $SAVE's business model and testimonies on the fluidity of this industry [51:32] Odds of DOJ winning vs. $JBLU winning [54:26] What makes Michael think that this case isn't a coin flip in $JBLU's favor Today's episode is sponsored by: Alphasense This episode is brought to you by AlphaSense, the AI platform behind the world's biggest investment decisions. The right financial intelligence platform can make or break your quarter. AlphaSense is the #1 rated financial research solution by G2. With AI search technology and a library of premium content, you can stay ahead of key macroeconomic trends and accelerate your investment research efforts. AI capabilities, like Smart Synonyms and Sentiment Analysis, provide even deeper industry and company analysis. AlphaSense gives you the tools you need to provide better analysis for you and your clients. As a Yet Another Value Podcast listener, visit alpha-sense.com/fs today to beat FOMO and move faster than the market.