I have been trading SD for years, was thinking about going long just this week until I went through their numbers on their Miss Lime wells. Terrible.
Lol in my scottrade account my LCC has made the conversion to AAL. All is fine here, but I am not selling and don't plan to for 18 months
because it will not be the same company monday? It is merging with AA. AAMRQ has been in bankruptcy and OTC. Due to policies hedge funds will not invest. Now its out and listed on the Nasdaq. Market cap 16 billion. Deltas market cap 24 billion. AAL now largest airline and have a lot of cash on hand. No question is stupid
"Under the Nov. 12 accord, the Justice Department agreed to drop its challenge if the carriers gave up some airport slots. The federal district judge presiding over the antitrust case in Washington must also approve the proposed settlement after accepting public comments through Feb. 7."
I thought it was Dec?
To be honest though, I have no idea what is going on with the conversion. I bought LCC at 16 and 500 more shares friday around 23. Owned AAMRQ at 5 and sold at 10, took it and bought the shares of LCC. For me I just feel like thats where I would want my money now looking out. We could see a double in 18 months. Investors will be excited in the New American (AAL) on the Nasdaq. That alone should be a catalyst. The low PE is just the icing on the cake.
I dont know, it may not even matter what you do, it may all equal out. No Idea, just see LCC (AAL) much higher this time next year
I am not a basher, but your playing for a couple dollars...LCC right now just seems like a better play, especially if you bought in cheap on AAMRQ. Keep your gains running with LCC
wondering what the conversion will be, asking do i hold? do i sell? before or after merger? Why don't you just sell, take your profits and invest in LCC or the new AAL? Nobody on here knows exactly whats going to happen to your AAMRQ shares, buy you know whats happening to LCC...1:1...low PE, little downside risk. Stop gambling...you have a much better view with LCC or AAL
So I created a tumblr account a week ago to give it a try. I was interested in buying some yahoo stock, but I hated the platform of Tumblr and to be honest it sucked. I will pass, good luck to the longs though.