The last time oil was at this level was approx. Jan 19,2015 and AAl was trading at $52.50.That's 24% lower than the current price.For months AAL traded off the daily flucuations in the crude price and now trades off the daily or even inter-daily changes in the S&P. Can anyone explain to me why?
The fact that the DOJ suggests threr is colusion to restrain capacity does not equate with the fact that Delta, UAL,American and Southwest will combined have capital expenditures of nearly $10.0 billion in 2015. The vast tbulk of the expenditures are for neww aircraft.It is not colusion when you annouce your intentions in your quartly reports.Just another caet of government stupidity.
Back out the cash ,which is earning very little, and MU is selling at 3.8 times operating cash flow. With $63.4 million shares short. it will take lonly a very small amount of good news to cause the stock to pop. We will know soon.