+ Watch AAMRQ
on My Watchlist
good up potential with many changes to reduce expenses
ITS MERGER WITH US AIR WILL PROPEL SHARES MUCH HIGHER
I have a feeling the near future for AAMRQ will contain a lot of turbulence. If you believe in the future of the Airline industry you could do very well by continuing to buy after the price drops... Or you could just end up losing more money. If the price drops to $2 I'll likely put real money into it. Though, I don't think it will fall that low again (famous last words?)
“Investors should remember that their scorecard is not computed using Olympic-diving methods: Degree-of-difficulty doesn’t count." -- Warren Buffett"Why Warren Buffett May Be Wrong About Airlines" : fool.com/investing/general/2013/04/21/why-warren-buffett-may-be-wrong-about-airlines.aspx
Can't wait for this volatile thing to snap back to reality. Neither can my player rating.It's been said numerous times already on here, but this stock is DEAD. The possible agreement allows AMR shareholders a 3.5% ownership stake in the new company if things play out well.As it has been previously calculated, these share may end up being worth $1 to $1.50 a share at the most. If you're long the stock and positive on points and/or money, get out while you can. Meanwhile, I'll keep my red thumb going and wait for the inevitable pullback.
Once its merger is complete with US Airways, American Airlines will dominate 70% of the airline industry. They have just been granted $3.25 billion in financing to emerge out of Chapter 11. Look for AAMRQ to rise to around $25 per share within two a year or so, paying a future dividend around $.25 within the next three years.
I like to play blackjack. I'm not addicted to gambling. I'm addicted to sitting in a semi-circle.Mitch Hedberg
This is a very closer runner up for the most interesting stock I've ever seen. The company is undergoing merger proceedings with US Air. The "Q" that's appended to the end of the ticker here is a bit misleading. Over the last three months the stock has literally shot up 750% seemingly from the advice of Mad Money host Jim Cramer. This may as well have been a pump-and-dump scheme. Oops!http://www.fool.com/investing/general/2013/03/07/why-cramer-is-wrong-about-the-americanus-airways-m.aspx?source=itxsitmot0000001&lidx=3What the dumb money doesn't realize here is that, like many other Fools have said, the shares of AAMRQ won't trade directly over to LCC at a 1:1 ratio; it will be more a 200:7. Ouch! That's a lot of lost equity. So it goes.The trends are showing potential for a pullback. I wonder if I'll have timed this right!
The largest Airlines is in the world will grow
I was wrong, wrong, oh-so-wrong. Typically the five-letter-Q-ending stocks have been the safest caps red thumbs - if it's heading for bankruptcy it's going to underperform, usually to nothing. But not this time.So now that there is a little clarity, I can get some idea of how wrong I was; here's my math:3.5% is the value (of the new company) going to AMR shareholders .035 * 11B = 385M - the justifiable AMR current market cap, right? Divided by 335.27M shares = $1.15 -> what a share is worth. That's why for now I will hold on to my hemorrhaging red thumb.
Over 1/3rd of AAMR's shares traded today after the merger announcement with US Air was confirmed. I would have liked to have been in on the downthumb on the $2.50 pop to get some instant margin.Overall, my timing may be off, or my math may be off. 90% (antedotally) of bankruptcy's end up with ZERO to shareholders. AAMR traded at a low of $0.43. Some in closedown have erratic share prices as penny stock speculators vie with shorts. Some in reorg merger, do come out with something for shareholders, but again this is rare.Some news reports cite a 3.5% conversion for AAMR shareholders. Math varies depending on how you adjust US Airways share price, debt of the two, and shares outstanding. My math is between $0.83 and $1.28 per share, so the $2.00 we are running at all afternoon just doesn't compute. But then again, 114 Million shares traded so far means people on both sides of the fence.I'm for a slow volume drop, and a settling. There is no doubt this will go to zero as the merger is finalized, but will shareholders get a paycheck? At what price?? Wish I had some $0.40 shares, but I wouldn't be holding them if I did.
Will be wiped out in bankruptcy settlement.
See the little 'Q' at the end of the ticker?That means the company is involved in bankruptcy proceedings.All equity is getting wiped out here. This stock is going to expire completely worthless.It is inevitable, no matter what irrational gyrations or spikes we might see in the stock price along the way.
Bankrupt Airline, which will be worth almost nothing when it exits bankruptcy.
With the bankruptcy, their debt load, and severely underfunded pension liabilities, I have a hard time believing this stock is worth any amount more than $0.00.
Babababankruptcy, shareholders get wiped out. Even if some sort of magical deal comes together with US Airways you can kiss any sort of equity for current shareholders bye bye.
This isn't rocket science... AMR went bankrupt and the stock is likely to be cancelled when the company emerges from bankruptcy. Want more proof? How about this filing from the horses mouth:"The Company cannot predict what the ultimate value of any of its securities may be or whether holders of any such securities will receive any distribution in the Company's reorganization. However, it is likely that the Company's common stock will have little or no value at the time of the Company's emergence from bankruptcy, and the common stock could be canceled entirely upon the approval of the Bankruptcy Court. In the event of such cancellation, amounts invested in the Company's common stock will not be recoverable. Accordingly, the Company urges that caution be exercised with respect to existing and future investments in any of these securities (including the Company's common stock) or other Company claims."That's legalese for "our stock is worthless, why are you buying it?"TMFUltraLong
Large cash amount in bank. New planes with upgraded amenities.
BATS data provided in real-time. NYSE, NASDAQ and NYSEMKT data delayed 15 minutes.
Real-Time prices provided by BATS. Market data provided by Interactive Data.
Company fundamental data provided by Morningstar. Earnings Estimates, Analyst Ratings and Key Statistics provided by Zacks.
SEC Filings and Insider Transactions provided by Edgar Online.
Powered and implemented by Interactive Data Managed Solutions. Terms & Conditions