The pps will be over 1 dollar soon after the profit takers are out in couple of days or even monday. The guys at AMR do not want to be trading on pink sheets with 4 billion in cash.
The shorts here misjudged this bankruptcy. When they shorted it they assumed this would go to 0.05 soon like other previous ones but they did not realize the true value.
4 billion in cash. Business as usual like nothing happened. Its still trading on the big board and could be there for a long time if the pps stays above 1. Employee representatives on the committee. Their 401K are loaded with AMR common and they would not want it to be cancelled. remember, at one point, they were allowed to put AMR stock at 100% in their 401K. They would not want to be wiped out. I am not even getting into millions of stock options that the current management hold.
With so much cash on hand, they are not dependent on dip financing and can survive on their own.
The writing is on the wall. IMO,this could be the best bk play for the longs in a long time. Strong buy. Don't listen to all these 'analysts'. They are either hand in glove with shorters or want in at a lower price after they sold off.
GM also had 173 billion in debt with assets of 73 billion. Different scenario here. AMR is in much better shape. When Union contract negotiated, we are golden. Don't care what someone on seekingalpha LOL says. Do your own DD.