Us Airways Investors Live In A Fantasy World

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Nov 11, 2003
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US Airways Investors Live in A Fantasy World
By Jerry Knight
Monday, May 30, 2005; Page E01

Attention investors: The captain has turned on the seat-belt light. Please prepare for landing.

Please be sure that your seat belts are fastened, your wallets are closed and your investment portfolios are in the full uptight position. And please refrain from buying any airline stocks until we are parked at the gate and the analysts have turned off the warning lights.

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These "investors" are just symptomatic of how many "civilians" have enterd both the equity and real estate markets, not knowing what they are doing, in the mistaken belief that, like some casino, they can hit the number and score. In some rare instances, shareholders in such positions have had the opportunity, under special "rights offerings", to buy stock in the new company at some low price, but in the main, this bunch are headed straight for the commode. In the animal kingdom, it's often called the "law of natural selection".
 
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