You know I think if they avoid BK the stock could be .10
I wish a reasonable bull would argue a counter point on this, its fun talking to you TX but I'd like to understand why anyone is holding.
I started the anaylsis thinking the new sharecount would be +300 or maybe 500 million. and I wanted to see if they could earn their way to a higher stock price eventually. But the fact is if you look at the balance sheet and profit of this company really hard it is hard to imagine any investor putting $300 million in for any reason, except maybe a strategic buyer but aging fleet, union, lots of unresolved issue seem to make that unlikely. I'm sure a couple of the strategics have already taken a look at the books and passed.
It is amazing that a stock price would stay this high. Do you figure this is the last of the big positions unloading in a smart way to avoid a plunge? I just can't see any real money staying in this stock. Why do you think the short interest isn't higher? If I had any guts I'd go short this stock but I just can't bring myself to do it