The common stock shareholders in most companies that declare bankruptcy get nothing or pennies on the dollar if their lucky. I find it amazing that this stock's pps has defied the odds, and now it's north of 4 dollars per share.
I am not invested in AAMRQ in any fashion. But have it on my watch list with 3 other airline stocks.
Question: Can anyone please explain the rationale/logic behind this ever-increasing ascent of the stock price? TIA