American Airlines

Forum: Investments
Author: [Investments] Topic: American Airlines
Pecador PM Pecador
Joined: Jan 2010
Posts: 2568
Texas
 
Pecador
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Posted: 10/5/2012 11:22:56 AM
I live close to Dallas. The Dallas Morning News has articles on AAM every day and it's all bad. BAD,BAD,BAD! The stock is hanging in there. By the way, it's less than .50 a share. If you don't know the sad story about this airline then study it up yourself.

A month or two ago US AIR (LCC) was making noise about a take over and AAM was  acting insulted and this would never happen and they were adamant they would pull themselves up by their bootstraps and be better than ever. Finally they came out and said they were open to some changes? A lot of union garbage has happened since then and craziness prevails.  The curious thing is that no one is talking merger or take over anymore. I haven't heard a word.

Does anyone else think there is serious talk about a merger/take over going on behind the scenes? The silence is deafening to me. American has got a lot of union issues settled and needs to get the pilots on board. They are still a huge airline with gate space and plenty of planes. BIG company.

I have a little AAM stock and will buy some LCC today. It's only $11.67 this morning. LCC is a strong company whether this works out or not.

Looking for opinions??

GL,   Doc
Rush51 PM Rush51
Joined: Jan 2005
Posts: 4388
California
 
Rush51
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Posted: 10/6/2012 3:16:06 AM
Do yourself a favor , sell your airline stocks, and never look back again.

Airline stocks are the biggest pieces of trash when talking about investments.  Many have filed for bankruptcy at least once... some even twice. 

FoolishTool PM FoolishTool
Joined: Dec 2009
Posts: 593
North Carolina
 
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Posted: 10/11/2012 1:26:12 AM
Warren Buffet wont touch the airlines, he learned his lesson years ago, that should tell you all you need to know, i'm assuming he's a tad better investor than you! 
Pecador PM Pecador
Joined: Jan 2010
Posts: 2568
Texas
 
Pecador
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Posted: 10/11/2012 2:02:20 AM

I got some advice from another a guy I trust and he said just dump the AAM crap and do other things. That's what I'm gonna do. Thanks for the help.

I have two other penny stocks. I may throw the money from AAM into NBIS.  Opinions? 

Rush,   Your avatar is great. I may not agree but it is super funny.

GL,   Doc
Professor524 PM Professor524
Joined: Sep 2012
Posts: 268
Ontario
 
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Posted: 10/23/2012 6:18:15 AM
Airline stock is like that 2AM girl you see with beer goggles, that is a 6.3 / 10. Looks ok, but you will regret it in the morning when it's a really a 0.8 / 10.

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