Agree that other issues of concern but imo barring more negative news, market drops etc aal too compelling value at these levels to not add at least some shares...I added at 38$ so 34$ hard to pass up...especially with lower fuel costs possibly going forward
Is that how you interpret the PR where says "in part"..not clear to me that this refers to converts or new bond proceeds in general. Really a mistake imo that management does not comment on these type of important PR's...
Would be nice/smart imo if management commented on this type of news, leaves the impression that not necessarily good news..does not build confidence etc
Why do you feel this is such a negative, unless interest rate greater than 5% we knew they would have to get financing somehow/somewhere and would need to be collateralized...
September numbers next bit of important news...I plan on adding some shares today if pps nears 34$ or less. Had order in at 34.25 after hours but did not fill. IMO aal is still a compelling value, just have had a lot of turbulence since 2q report that needs to calm down and of course some improving operating numbers.. If was trading at forward PE of 15 I would be very concerned, not the case..as long as eps stays solid we will be fine imo.
Common sense would suggest that lower fuel costs would benefit dry shippers significantly but read an article recently that claims the opposite, that lower fuel costs will reduce slow steaming which will hurt rates. Thoughts, opinions, snide remarks?
With 36m shares hard to say actually worth 36m$ cap which would be 1$ share but imo based on past low priced shippers price spikes, pps could easily see 1$ or more on proper fast money news/speculation...but there has to be a catalyst like spike in bdi/handysize rates, anything to improve earnings potential/cash flow going forward.