Agreed. In at $ 7.92 IMHO we will see much higher prices as the world gets out of this drug induced stupor that the devaluation of the Yuan is going to cause every entrepreneur/ business/person to sit in the corner and suck their thumb and worry is ludicrous. The world goes towards growth...period. Stop worrying and invest est. if you are young (under 50). Peace. Take advantage of the sale.
Your crystal ball is cloudy, low $7 ish, you can wait for hell to freeze over to see that price again. IMHO of course.
check the 9 month growth year over year and tell me if it is over valued. New opportunities in South Africa, France, continued strong growth in Asia. More new alliances all designed to bring customers into stores. Go ahead short...if you like being financial road kill.
I hope you are correct, my long term view has been and is positive for AA as it reinvents itself. but 9.50 is getting to close to my $7.92 purchase price. IMHO I still think the old highs will be passed in 3 years.
good luck to all longs, those short you may consider covering your positions.
Debt is a function of growth, if investments (debt) cost less (P&I) than return on investment , it is a good deal. I am more concerned about growth that properly managed debt. Debt is a financial tool, just like a wrench that a mechanic buys on credit so he can do his job, no credit, no wrench, hence no work...get the picture
Agreed, but IMHO $40 a share is less than 5 years away, once the market gets over the oil correction, realizes that AA will be making a value added product for EVERY industry that produces, its real worth will be recognized. Peace. Still long and strong since $7.92.