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$6.02 0.67 (12.52%)
10/10/2008 4:00 PM

UAL Corp (UAUA)

CAPS Rating:
*

A holding company whose principal subsidiary, United Air Lines, Inc., facilitates transportation of persons, property, and mail throughout the U.S. and abroad.

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Recs

3

Avatar EnochRoot (99.87) Submitted: 6/12/08 2:24 PM : Outperform Start Price: $6.67 UAUA Score: 24.54

Huge capacity cuts are coming one way or another. In this basket trade I am fully expecting at least 2 90% losses, but believe they will be more than overcome from the upside to the survivors. If, as I suspect, oil and jet fuel spreads give up a moderate portion of their current levels, the upside is quite large for the whole basket of airlines and the 1 or 2 expected bankruptcies may actually be avoided.

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