AMR Tumbles After Pilot Contract Proposal

bigbear52

Member
May 9, 2011
33
7
http://www.bloomberg.com/news/2011-11-15/american-offers-pilot-contract-with-vote-call.html?cmpid=yhoo

You would think the pilot's proposal would be positive to the stock market?

Here we go again, opened at 2.13 hit low 1.87
 
When stock traders heard about the pilot's hopes for a 10% signing bonus plus three consecutive 7% raises, they realized just how far apart the two sides still are. The stock has been trading at bankruptcy-levels for the past several weeks - so this drop isn't all that earth-shaking.
 
When stock traders heard about the pilot's hopes for a 10% signing bonus plus three consecutive 7% raises, they realized just how far apart the two sides still are. The stock has been trading at bankruptcy-levels for the past several weeks - so this drop isn't all that earth-shaking.

When it falls under $2.00, it does raise a few more eyebrows. Earth-shaking or not F.