I agree with you 100%. I've said this all of 2015 & 2016. AAL is a good company, but being lead down the wrong path.
As always bears, you're a complete #$%$. You said many times on this board, you had not sold any AAL even when it went above $50's. Bear's, you head is so far up Parkers back end, you can not see the like of day. You can sell your 100 shares & nothing will happen. As for my post about CEO's, when leaders are doing a bad job and that's reflected in the stock prices, they need to step up or be replaced. Replace the CEO of BAC or AAL with more respected people, the stock will move up. Analysis & investors are tired of the lack of support from Parker's plans & the stock price shows it. As for BAC's CEO, he's a ghost & only speaks when he firers employee's, closes branches or gets a undeserved $3 Million Dollar raise.
AAL's conference calls are a joke. The management t's off the analysis & really say nothing. You should listen to DAL's LUV's, & UAL's calls. The analysis walk away with confidence about the management. As for spending the profits from oil on borrowing debt at lower cost, why would they not pay down their $19 Billion debt & have more funds every month to buy stock & raise the dividends to the stock holders. As I've always been taught in my 40 years of being in markets & owning stock firms, you're there to make money & not get caught up in one company. Management never puts its' stock holders first, second, third or even forth. Stock holders represent problems for management & CEO's. Put your investments first & never management.
I do not dislike AAL & I might invest in it again. The problem that I and many other see, Parker went on a way to big of a spending spree & forgot about the debt. His company has approved many buybacks but that makes the company meet earnings expectations & helps the management with their stock options. With oil hitting these current lows & AAL's stock price going the wrong way, I just do not see where Parker & his staff are understanding why DAL is kicking their butt. Pay down debt & raise the dividend & you'll see upward movement in the stock.
AAL's stock price shows that the street does not like Parker's plan to have huge debt, no matter how low the interest rate is. Parker did a good job until January of 2015 & since then, investors have disagreed with his way of thinking. Now he has to get AAL back in the game. The problem is, the street just loves DAL & the way their CEO runs the company.
I guess since Parker is doing everything right, the stock price is moving the way he wants it to. As any intelligent investor knows, you only buy stocks to make money & not to sit in any companies the street does not respect. If the street thought that Parker was doing a great job, please explain why DAL is kicking AAL's butt. Today's action shows DAL is getting investors money & AAL is not. As for my investment in BAC bears, I made a nice return & moved the funds to other companies, AAPL & TSLA. I will buy BAC again when it dips. People you're investors & the CEO's at any company does not really care about you. Investors only objective is to make money.
Just to start off, I made huge amounts of money with AAL in 2013, 2014 & the beginning of 2015. The problem with Parker, he spends money like a drunken sailor. I post all last year, AAL's debt load is huge compared to Delta & United. Parker has refused to pay down debt. When the investment crowds see the others paying down their debt & returning more money to share holders, well that's the reasons Parker gets little respect. Parker's biggest gains came from the price drop of oil. Where would AAL be if oil did not drop to these current levels? He does not hedge & that has work for him but also for the others. AAL's stock price in January 2015 was above $55 per share and in the last 15 months, AAL's stock price is struggling to get above $40's a share. DAL has hit over $50 a share & LUV has moved back to over $44's. Both DAL & LUV are tops picks by the major funds & investors. If he starts to reduce AAL's debt load in a major way, you'll see investors start to buy.
The U.S. government has to give them the permission for more buy backs & dividend raises. That can not happen until June of this year. The government did not hurt the CEO's of the major banks in the last banking crisis. All the government did was to fine the banks & the CEO's paid those Billions & Billions of Dollars with shareholder equity & profits. No CEO got jail time but they did get a Big Pay raise. The government went after the wrong people. I guess the government thought the people could pay them & not the CEO's.
Not until he fires another 10,000 or more employees, closes another 50 or so branches, and of course pays the government & attorneys more BILLIONs of DOLLARS. That should accomplish it for the Board to give him another $3 Million Dollar raise.
What PR is coming from BAC. Oh yes, the employees have been banned today from saying the word Brexit. Brian M. is a ghost & that has been echoed by even Jim Cramer. Cramer has tried to get Brian M on his show for a long time but the ghost never responds. At least the other major banks CEO's have either come on in person or called in. Never a word from the ghost of BAC.
Tells me BAC needs a new CEO. The current CEO Brain M. does nothing to improve the banks financial future. He's a lawyer running a major bank and that the reason BAC's stock will never perform like the other major financial banks. He knows only how to firer employees, close branches, pay out BILLIONS of DOLLARS to the government & lets not forget, he knows how to pay lawyers HUNDREDS of MILLIONS of DOLLARS. BAC needs a CEO that knows how to run a major bank.
The only time you hear from BAC's CEO Brian M is when he's getting a raise, letting go of 1000's of employee's, closing branches, or paying out large sums of money on lawsuits or to the government. BAC's CEO is a ghost. This is not leadership, it's chicken #$%$. When are the large financial funds that own BAC's stock going to demand a new CEO. BAC's stock has performed the worst of any of the major financial stocks over the last 8 years. It can not even get above book value. The CEO's at the other major banking institutions brought their companies back in the same trouble waters. Why the $3 MILLION DOLLAR raise when 99% of BAC's employee's took a pay cut or got Fired. Unbelievable.
Yeah you're a great. You should understand what a good knowledgeable banker could do for you & the other investors. CEO's are not suppose to be a ghost. Even Cramer has asked him to be on his show & BAC's CEO never responds. At least the other CEO's at the major banks know they have to be visible. As for the other major banks, you need to read & understand why investors buy them over BAC. They all have better management & know how to treat their stock holders. Jamie Diamond from JPM put up $25 Million a few weeks ago to buy JPM shares. Monyihan the CEO of BAC sold over 17,000 shares. Why did he not buy his banks shares when BAC went back to the $10's. BAC's CEO is only in it for himself. A LAWYER.
That come back shows how intelligent you are. Why is BAC's stock price still down 3 cents today while C up 27 cents, WHC up .14 cents, GS up $1.61 cents. Please explained why investors are putting their funds their & not BAC. Bad leadership at the top of BAC.
Know nothing about the industry. I've been in the banking & owned brokerage business's for over 40 years. I know when someone does not know the banking & investment business. The major banks had the same problems as the CEO of BAC has had but their company's CEO have returned them back to respected banks & better returns for the stock holders & employees. BAC's stock price is far under book value & you never hear anything from BAC's CEO. This guy is a ghost in the industry. BAC needs a banker & not a lawyer.
Moyniham is not going to mess up his piggy bank. BAC needs a CEO that knows how to build a business & a Bank. All he has done is, firer employees, close down branches, and pay over $70 BILLION to the government. Any one could do that. By the way, the current Board just gave him a $3 Million dollar raise & 3 days after his raise, he fired another 10,000 Employees. WOW.
Moynihan is No genius. Under his watch, he has fired huge amounts of employee's, closed branches, and paid over $75 Billion dollars to the government. That $75 Billion dollars was stock holders money. Anyone can do that. BAC's stock price has performed the worst of any major bank in the last 8 years. He just got a $3 Million dollar raise & BAC's stock has dropped over 30% this year alone. Give me a break. By the way, he just announced another 10,000 employee's will be fired. I guess they had to pay for his raise. BAC needs a new Board & a respected CEO that knows the banking industry.
Please post where BAC is buying back 1 Billion shares. Would like to read it. Thanks
Unbelievable, BAC's CEO gets a $3 Million raise & firers more employees. BAC's CEO has been the worst performer out of the large banks & the Board give him more money. Nothing has changed from past history. One would think this current government would jump all over the raise. Government reps & bankers are in bed together. If & when BAC's major investors wake up and Firer the CEO & Board, BAC's stock price will never move up in a major way.
Instead of lawsuit on the whole bank, you should start a movement to replace the CEO & some Board members. How can BAC's Board vote to give the current CEO a $3 MILLION Dollar raise. BAC's stock price has dropped over 30% this year alone & has not performed close to any other big bank. I think you would get more investors & stock holders to follow you on this. All this CEO Bryan did was to Firer Employee's, Close Branches, & pay the government over $70 BILLION Dollars of stock holders money. Any person could have that. Of course, you could go after the government for not going after the banks CEO's with personal fines & jail time. The bank CEO's saw no jail time & kept their big paying jobs, while they used the profits of the banks to pay fines to the government. The government went only after the investors & stock holders of the banks.