Another 52 week high for AMR stock
- Thread starter MiAAmi
- Start date
TIME FOR CHANGE
Veteran
Dumped 298 options at the close yesterday
for a grand total of
3870.48
A bit shy of upper mgmt rewards but it will cover 2 mortgage payments
for a grand total of
3870.48
A bit shy of upper mgmt rewards but it will cover 2 mortgage payments
Dumped 298 options at the close yesterday
for a grand total of
3870.48
A bit shy of upper mgmt rewards but it will cover 2 mortgage payments
Feb 10 2006 another 52 week high $24.96 up 1.5% or $0.37
TWU informer
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Dumped 298 options at the close yesterday
for a grand total of
3870.48
A bit shy of upper mgmt rewards but it will cover 2 mortgage payments
A wee bit shy of the $15,000.00 plus per year you gave up!
Dumped 298 options at the close yesterday
for a grand total of
3870.48
A bit shy of upper mgmt rewards but it will cover 2 mortgage payments
You've dumped more options than some management employees have. You should lose the doom and gloom routine for a week or two, maybe take the family out to dinner, relax a little.
TIME FOR CHANGE
Veteran
I think not 😛
RAMPANT INSIDER SELLING AT AMR
Four top AMR executives each sold tens of thousands of their AMR stock options in a short eleven day span in January. The AMR insiders involved were vice-president Dan Garton, CFO James Beer, general counsel Gary Kennedy and corporate secretary Charles Marlett.
The selling took place from January 19 to January 30 of this year. Many of the options had just recently become exercisable.
Insider selling among several executives in such a short time span is usually not considered a bullish sign for a company by investors who monitor insider activity.
Number of shares exercised and sold, dates and estimated pre-tax profits for each executive:
Dan Garton: 69,930 shares, January 19-20 Pre-tax profit: $550,158
Gary Kennedy: 47,466 shares, January 19 and 30 Pre-tax profit: $493,364
Charles Marlett: 26,576 shares, January 27 Pre-tax profit: $197,291
James Beer: 18,192 shares, January 19 Pre-tax Profit: $117,601
Sources: AMR SEC Form 4 Filings
Steven Baumert, Baumert Capital Advisors
The writer is the principal of Baumert Capital Advisors, an Allen, Texas-based investment consulting firm and a Registerd Investment Adviser. The preceding should not be construed as investment advice to buy or sell any security and is intended for informational purposes only
MOUNT KISCO
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Stock up again today
AMR $ 24.59 up $1.27 or 5.45%
Stock is up.........the British are coming. :down:
It only has to go up to $300/share to make up for the concessions.
Since 2003 it has gone up an average of $7.50 a year. So if you can hold on to the stock for just another 40 years you may actually see it hit $300/share.
However with the executives cashing out it must mean that they feel that the prospect of continued growth is slim.
eolesen
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Steven Baumert is (or was) an AA flight attendant married to another AA flight attendant. His opinions are not exactly the most unbiased, nor are they even remotely objective in nature. Unlike other airline employees who also do financial advising as a side profession, he never seems to disclose that connection when giving "advice" regarding AMR.
And the likes of corporate bootlicker anaylst Ray Neidel(sp) or the corporate sposored ECLAT firm are????
eolesen
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As much as Ray is over-quoted (and they're not very useful quotes most of the time), I do have to say he's truly independent and doesn't do work for the airlines like Boyd and ECLAT do, and Caylon (his firm) doesn't appear to have any sort of relationships with the airlines he covers, unlike Lehman, JP Morgan or Merrill.
lpbrian
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I would say say Vaughn Cordle is most over-quoted; and he is not even a real airline analyst.
eolesen
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Vaughn's problem is that he seeks out opportunities to be quoted, as opposed to being sought out...
That said, Cordle does have his CFA (chartered financial analyst) certificate, which on paper does make him more of a real analyst than some of the analysts employed by the investment banks or 99% of the people who write for The Street.Com or Motley Fool, and have far more influence over stock purchases.
The problem is that most airline employees can't look past the fact that he crossed the UAL picket line in 1985. I think that was a poor career decision on his part, but it doesn't change the fact that he went thru the certification process to receive his CFA, which is no small feat, and requires the ability to show more than a fair degree of impartiality in one's analytical abilities.
My only issue with Vaughn is that he doesn't bother to fully disclose his connection with UAL, which also is the same problem I have with Baumert and John McCorkle. If you're going to issue newsletters or regular research notes, you need to disclose any possible conflicts of interest or bias.
Connected1
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These guys spend 95% of their year sitting on insider information that bars them from trading. The best times for them to cash out of options are immediately after quarterly conference calls. That's exactly what they did in this case.
