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Yesterday, Frontier Airlines (FRNT) filed a $250 million shelf registration. This means that the company is looking to sell $250 million of bonds or stock within the next two years. The company isn’t doing it now, but the plans are “on the shelf,” and they’ll file updates periodically.

Denver-based Frontier said the shelf registration would allow it to offer and sell debt securities, preferred stock, common stock and securities warrants from time to time.

Proceeds from the sale of the securities will be used for general corporate purposes, which may include repaying debt, purchase of aircraft, or other capital equipment and other capital expenditures, aircraft lease payments and additions to working capital.

A second prospectus in the same filing states Frontier may offer and sell pass through certificates up to $250 million. Each certificate will represent an interest in a pass through trust and can used to finance or refinance all or a portion of the purchase price of aircraft.

Yesterday was another up day for us and the market, although the Buy List trailed the S&P 500. The S&P 500 gained 0.35% and the Buy List added 0.25%. Quality Systems (QSII) and Brown & Brown (BRO) both reached new highs. If you own shares of Brown & Brown, the stock will split 2-for-1 next week. This means that you’ll have twice as many shares and the share price will fall in half.

Here are a few items to pass along. There might be a dreaded cranberry shortage. Also, the Xbox 360 has already made it to eBay (EBAY). You might be able to win an auction for about $5,000. Or you can wait a few days; the console retails for $399. Microsoft (MSFT) actually takes an estimated $126 loss on each one sold.

Finally, the stock market is closed today, and tomorrow is a shortened session.

Posted by edelfenbein at November 24, 2005 11:29 AM