Join Early Retirement Today
Reply
 
Thread Tools Search this Thread Display Modes
AMR
Old 10-03-2011, 01:21 PM   #1
Recycles dryer sheets
Sandhog's Avatar
 
Join Date: Mar 2011
Location: Brooklyn, NY
Posts: 197
AMR

I have being keeping track of AMR since 2003 when their stock plunge during union contract negotiation only to to rise and keep rising until 2007 declining. But today reminds me of 2003 wanted to buy but didn't have the funds to invest since my marriage was on the rocks. Today, I have some money to invest but there are other companies to invest other than AMR. Nevertheless, for me American Airline is American Icon. Even they do file for bankruptcy, patriotic side of me wants to be part of the American Icon to go down together while dreamer of ER wants to stay away and go with more reliable blue chip dividend stocks. Anything with American in stock or America as whole, has been in dumps for while. But I still believe America is the greatest country in the world and all its company with American in their name including Bank of America will rise and shine again.

What your thoughts or opinion on investing in AMR?
AMR stock plunges on renewed bankruptcy fears - Yahoo! Finance
Quote:
NEW YORK (AP) -- The stock of American Airlines parent company AMR Corp. tumbled Monday, at one point falling nearly 40 percent, on renewed concerns that the carrier could be headed for bankruptcy protection.
Shares lost 84 cents, or 28 percent, to trade around $2.12 in early afternoon trade after plummeting to their lowest point in 8 years. The stock has not closed below $2 since 2003.
A major airline trade group, The International Air Transport Association, said Monday that the industry may be headed for a downturn. American Airlines is considered to be in the most vulnerable financial position of major U.S. carriers.
Morningstar analyst Basili Alukos said Monday he believes AMR implemented "its last-ditch effort to return to profitability" when it spun-off its regional carrier and said it would place a record order to buy 460 planes to quickly address its aging fleet.
American Airlines is the only major airline that has not filed for bankruptcy protection in the last decade, leaving it saddled with higher costs for everything from labor to financing. American is the only major airline that has lost money this year.
Fort Worth, Texas-based AMR. lost $286 million in the second quarter alone.
__________________

__________________
The time to take counsel of your fears is before you make an important battle decision. That’s the time to listen to every fear you can imagine! When you have collected all the facts and fears and made your decision, turn off all your fears and go ahead! – General George S. Patton
Sandhog is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Old 10-03-2011, 01:30 PM   #2
Thinks s/he gets paid by the post
harley's Avatar
 
Join Date: May 2008
Location: MD's Eastern Shore
Posts: 3,854
I think buying (or bailing out) a company because they have America in their name is an excellent technique. Go for it! I'm sure that's the reason Warren Buffett bought BofA.
__________________

__________________
Always carry a flagon of whiskey in case of snakebite and furthermore always carry a small snake. - W. C. Fields.
DW and I - FIREd at 50 (7/06), living off assets
harley is offline   Reply With Quote
Old 10-03-2011, 01:42 PM   #3
Recycles dryer sheets
Sandhog's Avatar
 
Join Date: Mar 2011
Location: Brooklyn, NY
Posts: 197
Quote:
Originally Posted by harley View Post
I think buying (or bailing out) a company because they have America in their name is an excellent technique.
That reminds me about how my Aunt used to pick horses at the Santa Fe Downs. She look at all the names of the horses and picked the pretty's name so she said. At the end of the day, she did much better than my Uncle at the track. But my Uncle won overall because he lost on the bets but got the horses in the claim races. Once I start seeing western movies in the pictures shows, I'll definitely invest in anything with America name in the company. I know there is American Cab company in Austin Texas that I was part of the start up back in mid-80's and they must be doing good.
__________________
The time to take counsel of your fears is before you make an important battle decision. That’s the time to listen to every fear you can imagine! When you have collected all the facts and fears and made your decision, turn off all your fears and go ahead! – General George S. Patton
Sandhog is offline   Reply With Quote
Old 10-03-2011, 01:50 PM   #4
Recycles dryer sheets
justplainbll's Avatar
 
Join Date: Sep 2011
Location: Easten Long Island
Posts: 414
Sadly I think it's likely that American will go the route of PanAmerican.
__________________
justplainbll is offline   Reply With Quote
Old 10-03-2011, 02:10 PM   #5
Recycles dryer sheets
 
Join Date: Jan 2009
Posts: 215
Delta, Northwest, and United went through Ch 11 and got their expenses in order. It is now AMR's turn. Their senior pilots are bailing early in anticipation of a filing to preserve their pension which has a 60 day look back.

I am not sure I would touch this stock. I think DAL and UAL are a better choice at this point.
__________________
check6 is offline   Reply With Quote
Old 10-03-2011, 02:52 PM   #6
Recycles dryer sheets
Sandhog's Avatar
 
Join Date: Mar 2011
Location: Brooklyn, NY
Posts: 197
Speaking of airlines and PAM, hijackers been hijacking TWA for longest time and when they hijacked on 9/11 our government was dumbfounded? I've many airlines go belly up that I have flown in. I wasn't so sad to see Braniff go but sure would be said if AA would disappear. But investment wise, I agreed with you Check6 that DAL or UAL is much better investment wise. I was just thinking out loud since AMR plunged today.
__________________
The time to take counsel of your fears is before you make an important battle decision. That’s the time to listen to every fear you can imagine! When you have collected all the facts and fears and made your decision, turn off all your fears and go ahead! – General George S. Patton
Sandhog is offline   Reply With Quote
Old 10-03-2011, 02:59 PM   #7
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
haha's Avatar
 
Join Date: Apr 2003
Location: Hooverville
Posts: 19,873
I good rule of thumb is to avoid anything that flies. Even WEB figured that one out, though it took him a little while.
__________________

__________________
Insanity in individuals is something rare-but in groups, parties, nations and epochs, it is the rule-Friederich Nietzsche
haha is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


 

 
All times are GMT -6. The time now is 09:50 PM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2014, vBulletin Solutions, Inc.

Early Retirement News right to your Email!

Stay up-to-date with all the latest news to your inbox!

unsusbcribe at anytime with one click

Close [X]