People, this stock is going to quadruple zeroes, $00.00. Yet for some oddball reason, the lowest form of human being is buying this stock in size. I wish nothing but the worst for you, AND MORE.
http://www.youtube.com/watch?v=FZjxuT3eEDA
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maybe its some honorable congressman
I heard Carl Icahn wants 3 seats.
(laughter) I’m sure the government will intervene to save the airlines, but it’s not like government interventions have even had a track record for being kind to common stockholders.
Or preferred shareholders, bondholders, liable counterparties…
Unions will do just fine.
Treu.
You know it’s funny because somewhere, some jackass is thinking to himself, “If I had timed a purchase on exactly Dec. 5…”
lol – maybe its hainan air?!
Excuse my ignorance, but couldn’t some of this be short covering?
Could be, but why cover at all if the stock is about to be delisted?
short covering on LUV takeover rumors is all
I thought I heard that it was less complicated a transaction to short cover the shares than it was to wait until they go to zero, is that true?
Maybe the common stock holders are hoping for a final dividend of a bag of peanuts and cup of soda before they crash.
Another great song choice too.
Reminds me of yet another stupid co-worker story. This time said co-worker had a friend who was a stock trader. He traded his retirement account. The “friend” said he had all of his money in $SIRI from around 20 cents. He was going to sell when it reached 24 and retire a millionaire.
24 cents or $24?
Did he have $840k looking for 20% which would turn him into a millionaire?
Or was he broke and bought a lotto ticket with dreams of 100x his money on one crappy highly indebted company?
Sorry, Dollars… $24.00
Investors going “Alec Baldwin” on them.
lol
the equity might recover something, figure it out if it should trade 6-8x EBIDIA whats the equity work if they receive 1 share for every 4 they owned prior to chapter 11. the airline is not insolvent
Your math is fuzzy. Let me help you:
[one airline heavily unionized] + [one bankruptcy proceeding]/[investor interests]^2 = [government and union split 90% of any repackaged company and tell shareholders and bondholders to fuck off]
Does that help?
Well, on a balance sheet basis they’re worth nothing (actually, less than that), and they lose money. Not sure how you infer equity value from those two points. Sure the brand may have value (not), as do some of their operations and assets, but I think their balance sheet reflects a pretty comprehensive liquidation valuation for equity holders: $0 (make that $00.00)
It’s a joke to think their equity actually recovers. It’s highly suspect to even believe that their bondholders walk away with their spinal chords.
But Fly, my broker told me that I would get a small piece of one of the new Boeing Dreamliners if I a Stockholder by the end of Today.