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I expect AMR stock to hit double digit prices by late fall, unless the price of fuel comes down drastically.
Their stock is definitely something to seriously consider holding on to. There are some pension funds shaking in their boots right now and it doesn't look to get any better for them.
I expect AMR stock to hit double digit prices by late fall, unless the price of fuel comes down drastically.
Their stock is definitely something to seriously consider holding on to. There are some pension funds shaking in their boots right now and it doesn't look to get any better for them.
Stock Alert
AMR hit a new 52 week low.
Current Price: 4.77 (Tue Jul 1 11:48:14 2008 EDT)
Volume Day High Day Low Year High Year Low
10354833 5.12 4.76 29.32 4.79
RE: The Goose: Symbol AAR 13.50/share 01jul08 @ 1234 [Exchange Traded EETC, pays .491 dividend per quarter/share]
AAR isn't their commonly traded stock, in fact, most brokers won't sell it. On top of that, less than half a cent in dividends isn't exactly something to click your heels over.
Any pension fund manager who invested heavily in airline stock should be tarred and feathered.
What about those who bought AMR at less than $1.50/sh in March, 2003 and sold for 20 to 30 times as much less than four years later? I would want them managing my funds, not tarred & feathered.
I am referring to airline stock in general...and the high risk of bankruptcy...
And what about those who bought AMR at $1.50/sh and held on to it thinking it would go higher?
There up about $3.35 as of today...