That was seven years ago. The price of AMD was more than double that of Intel. My, how things have change. The price of Intel is still 21 while the price of AMD has now sunk to under 2.5.
Management has now had over 60 days to repond to the reports of fraud. They have been silent too long in making a rebuttal. It is time that this company gets delisted and put on the pinksheets so trading can resume. At that point, the people that want to get out of their positions and take their loss can.
So, it looks like the Bombers family received over 100K in govt assistance and yet their kids killed and injured many many americans. Something is wrong here.
And it stops employers from hiring new employees and some will reduce their work week from 40 hours to 30 hours, thus avoiding the Obamacare provisions. And with that, these emp[loyees now can qualify for some kind of welfare benefits like food stamps and such as they are now making 1/4 less than they did before Obamacare.
Your alert to sell might not have been in enough time to sell. It only traded for about an hour or less once the sell orders hit. Not much time to make a decision.
That is what the stock should be trading at. AMR has 330 million shares. The value of LCC at 16 is 2.5 billion. Multiply the 2.5 billion by 4 equals 10 billion. AMR shareholders get 350 million in value(.035% of new company). With 330 million shares outstanding, that leaves you about a buck a share.
The price drop of over 30% in less than a month is something to worry about. It now trades a less than 1 times earnings now too. Something looks wrong here.