Could AA be next on Monday!!!
Based on what he told Bloomberg News he sold all of his holdings because, in his opinion, oil prices have not bottomed yet and he is waiting for the right time to get back in.
Yes, Mark Haines made that call but that was almost 18 months after a brutal recession that started in Dec., 2007 and ended in June 2009. His call was made on March 11, 2009. We have not got into a recession yet in this economic cycle. So, AA has a long way to go down or sideways until we are about to get out of the must happen recession. It could be a soft one this time lasting two or three quarters and it could begin later this year if not in 2016. Thus, your comment about Mark Haines is way pre-mature at this point of time.
NOK's CEO should be forced to resign immediately. His planned and deceptive tactics to inflate NOK stock price to induce ALU's shareholders to exchange their shares into NOK proved to be very destructive to NOK shareholders. Had he been honest in his dealings and communications with the investment community this loss in share price would have been avoided or substantially mitigated. Instead he opted to communicate false declarations and he falsely leaked information that Samsung's award is huge for no reason but to artificially and temporarily inflate NOK share price during the exchange period with ALU shareholders. He only announced the bad news about Samsung's award on February 1, the last day of the 2nd and final open period for exchanging ALU shares into NOK shares. Shameful and deceptive people like NOK's
CEO should be eliminated for NOK to gain the trust of the investment and most importantly the analysts' community. Let's work together to force him out through legitimate and rightful class action lawsuit.
They misled the analysts community big time to inflate NOK price in order to suck ALU's shares on a whim. ALU's shareholders should file a class-action lawsuit against NOK for this outright manipulation of share price until most of ALU's shares are sucked. We are caught between stupid French management of ALU and the Ultra Stupid and deceptive foreign -born NOK's management. This whole takeover smelled very fishy from day one. When merger was announced ALU's share price went down by 20% and today (last day to tender ALU's shares to NOK) the stock goes down another 15% What a nightmare. This is far worse than the sub-prime mortgage fraud of 2008/20009 in the US.