Good job Bob. Nice profit.
I don't know what about Duy, but I'm still holding my lost position....I will smile when I see $42+
gad, gnk, its one fiasco after another. now the restructuring debt talk has fueled bk fears. wlt went thru the same thing and hit $10. now they are trying to make it sound like the creditors are going to own the comp. same with egle. if it closes over $2 it would be a positive sign.
I hope you didn't go more than 3% that I suggested. Will see how far they will push these stocks. Opportunities are there, but wait until they are done pushing people out.
''Now that American Airlines and US Airways have completed their merger to become the nation's largest air carrier, it's hard to say whether the industry consolidation trend will take a pause, CEO Doug Parker told CNBC on Monday.
He also promised that fares won't rise "as long as demand stays the same."
American as well as United and Delta have global strength with access to the main business centers of the world. So airline competition will be based on how good the in-flight experience is for travelers, Parker said on CNBC's "Squawk Box."
"The three of us have now the ability to take people pretty much anywhere in the world. What used to be a business where it was purely on schedule, if you have the ability to take people everywhere, you have to compete on product. And we're prepared to do that," said Parker, who had been the CEO of US Airways before the merger.
The newly combined carrier began trading Monday morning under the ticker symbol AAL.
With American Airlines coming out of bankruptcy with this merger, Parker said, airlines that aren't profitable won't be able to grow. "We expect to produce a profit that will provide a nice return for our investors. That's what they expect. And that's what we plan to deliver."
The new company's modern fleet will give it a competitive edge, he continued, adding that nothing about this transaction will affect air fares because the carriers are highly complementary. "We're keeping all the airplanes, keeping all the people. So supply should be unchanged. As long as demand stays the same, nothing should happen to prices."
The U.S. Supreme Court refused to grant a stay on Saturday night that would have stopped the merger.
wlt is a hold. anr just demonstrated these coals are undervalued compared to assets. anr, you can prolly sell, and buy back .25 cheaper.
aal is the symbol shares will be converted to. i read the pr, says there will be 5 distributions over the next 120 days, at .0665 per share, as long as the price stays ~$24, (if goes up, more if goes down?) so if this is right(who knows) i will get about 3/4 of my cash back.
tsl, i am holding what i bot, but lightson dumped friday (for a loss) when it didn't bounce. she thinks there is more to fall, says today bottom is $11, $10 if they come out with a secondary offering.