AMR stock...Good Buy? or Good By?

[TIME FOR CHANGE]

Very true, but you are referring to BUYING the stock.

I bought 10 contracts @ $.40 per - that limits my downside but lets the upside fall where it may. Even a $.02 cent rise in the option price pays for Scottrade's $7.00 commission and buys me a six-pack.

Not really too sure what good "preserving the stock" does when the entire workforce is madder than 75,000 wet hens, so to speak. Alienating the very people management says it depends on to make the organization shine is not very good business practice and never has been up until relatively recently (that seems to be what's taught in business schools anymore).

People may not have a string of degrees like one would hear rattled off during a PTA meeting, but they really aren't that dumb as a whole - many simply don't have a printed sheet of paper from a third party attesting to their so-called "intelligence".

As for the turnaround odds being "A Million to One" - you're making the assumption the BOD wants to turn this ship around. A turnaround would be rather easy to accomplish but considering the lies of the past by the company and union a good-faith gesture must be made by the company - telling the twu to go to hell with respect to running the business and providing them income via maximum dues collections would be a good start.

Some movement toward the workers' wage and benefit position might garner much more support than its book cost, but again, that is something only a real businessperson would realize - not the trash we have presently in Centrepork that understand nothing but a balance sheet and bonuses.

The way they have been dragging things out probably till after the holiday season your contracts will proably expire worthless. Good Luck

The .50 cent put might be your best bet 😉

 

[enough already]

Im sure you know you have the power to withhold your portion of the funds they spend on politics ala agency fee, but do you have the will?

Been there; done that, but that only controls my $200 or so per year. It's unfortunate that it has to come to that. Do you not agree?

 

[Frank Szabo]

Been there; done that, but that only controls my $200 or so per year. It's unfortunate that it has to come to that. Do you not agree?

I can't recall who but one gent said there would be instructions posted sometime explaining the agency fee procedure.

I, for one, intend to do so.

 

[BoeingBoy]

I suspect that the union would have a form to fill out. I can certainly understand the desire to become a dues objector, but you'll probably only save 10% of so of your current dues while giving up the right to vote in union matters. It's an individual decision whether that tradeoff is worth it or not.

Jim

 

[Buck]

I suspect that the union would have a form to fill out. I can certainly understand the desire to become a dues objector, but you'll probably only save 10% of so of your current dues while giving up the right to vote in union matters. It's an individual decision whether that tradeoff is worth it or not.

Jim

Whats funny is that when I was actively participating in the Agency Fee program, I never saw the union expenses go up during a major political campaign.