jimntx
Veteran
The title says it all for right now. Other than, any guesses how much lower? None of the other majors below $5. UAL actually up a penny or two (at times).
How LOW can you go?
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Frank Szabo
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Evidently, the stock issue planned for Eaglet's spin-off is doing the company some good - byhaps that's part of why the big boys decided to do the "spin-off" wiith the "issue stock" thing - ie, to keep the AMR stock from getting flushed before they can get out of it.
will fix for food
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The stock didn't go up after the announcement, it continued to drop. Are you saying it would have dropped even more than it has? How did you make that determination?
Frank Szabo
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Just an opinion/guess with no basis in hard facts.
With the earlier announcement that Eaglet will be spun off by issuing shares to present AMR shareholders, I'm thinking that proclaimation may have halted some selling of AMR, keeping the price of the parent shares higher than they would have been otherwise. I do believe once Eaglet stock is issued to current AMR shareholders (effectively pulling Eaglet's value out of the parent shares), you'll see the AMR share price drop like a rock, byhaps to the point of delisting from the NYSE.
I'm making guesses/sharing opinions based on what I've seen the so-called "market" do in similar situations over the past 20 years that I've been piddling with the market. If you're wanting cold hard facts verifiable by reams of data, don't pay any attention to my ramblings. My opinions are based on MY observations.
To answer another part of your question, no - AMR stock wouldn't have done anything after the announcment as Eaglet IS NOW a part of AMR. When the value of Eaglet is effectively removed from the parent company (AMR) by the issuance of its own stock, then you'll see some movement in AMR's share price.
Something tells me from your tone, however, you're a bit upset because I panned your company's stock.
No - I do not own nor would I consider owning any shares of ANY airline. My pittance of AMR was gone long ago.
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I am a major AMR stockholder and I do not appreciate you, Frank being so inconsiderate about the issue. It does not make me FEEL good and I am a little UNCOMFORTABLE with your tone. You probably are in violation of a rule of some kind. Being a major stockholder and seeing the value drop, I feel as if I have been Rule 32'd. I know you are going to ask how many shares I have, so here goes, 446!
Frank Szabo
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will fix for food
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Not upset, just shocked anybody thinks Eagle is bouying up the share price.
Given that it's widely believed that Eagle (as a separate company) has no value, I find it hard to believe that any AMR stockholders are anxiously awaiting their Eagle stock.
If Eagle had any significant value, AMR would sell it instead of merely spinning it off to AMR stockholders, a move which will bring AMR zero cash.
When CO divested XJT, it realized hundreds of millions of dollars from the partial IPO and from contributions of its XJT stock to its pension plans in lieu of cash contributions (the pension plans then turned around and sold it to unsuspecting investors).
In September, 2005, Delta sold ASA to SkyWest for $425 million to raise cash on the eve of its Ch 11 filing. At the time, Eagle might have brought that much (or perhaps even more).
Arpey and Co. may have screwed up to the tune of a billion dollars or more by not selling Eagle in 2003-05, when someone might have paid real money for Eagle.
If Eagle had any significant value, AMR would sell it instead of merely spinning it off to AMR stockholders, a move which will bring AMR zero cash.
When CO divested XJT, it realized hundreds of millions of dollars from the partial IPO and from contributions of its XJT stock to its pension plans in lieu of cash contributions (the pension plans then turned around and sold it to unsuspecting investors).
In September, 2005, Delta sold ASA to SkyWest for $425 million to raise cash on the eve of its Ch 11 filing. At the time, Eagle might have brought that much (or perhaps even more).
Arpey and Co. may have screwed up to the tune of a billion dollars or more by not selling Eagle in 2003-05, when someone might have paid real money for Eagle.
Frank Szabo
Veteran
As I said, I offered an opinion. A couple of you gents don't care for it - so?
There is some value there - not a helluva lot, but a little. Whenever the big day comes about, we'll see what the "market" thinks.
Just GUESSING, I'd say about $1.00 per share on the parent stock but at the rate the general market is heading, that may be a moot point shortly.
There is some value there - not a helluva lot, but a little. Whenever the big day comes about, we'll see what the "market" thinks.
Just GUESSING, I'd say about $1.00 per share on the parent stock but at the rate the general market is heading, that may be a moot point shortly.
jimntx
Veteran
It's up a penny from the day's low of $3.35/shr. Obviously, the executives' superior management of the company and its resources has kept the stock from being delisted (so far). I think we should declare a bonus for the executives. Say, something like $50/shr, but given the current market, paid in cash. What say you? 
Frank Szabo
Veteran
What say me?It's up a penny from the day's low of $3.35/shr. Obviously, the executives' superior management of the company and its resources has kept the stock from being delisted (so far). I think we should declare a bonus for the executives. Say, something like $50/shr, but given the current market, paid in cash. What say you?
I think what you're smoking is better than what I've got ... 😛
