Stock Down Today

[Fatherknowsbest]

I notice the 10-K (annual report)is out today for 2004. Twohundred and fiftyfour pages and I am not bored enough to read it now.

I wondered if anything new in the report leading shares down under $1 a share, then I remembered, did the pilot group get more shares to sell today?

Noticed that it was $1.20 4 days ago, even the Air Wisconsin news has had no effect.........I am a little surprised about that. Even shares in BK usually move on good news.

 

[a320av8r]

Can't sell until Thursday, 03/03.
Maybe selling due to the AWAC filing says that new stock will be issued rendering the current stock worthless?

 

[BoeingBoy]

My assumption is that it's 1) additional stock about to hit the market (about 3 million shares), and 2) January performance (not good), with possibly a little of 3) AWAC agreement, and 4) annual report.

Jim

 

[delldude]

Can't sell until Thursday, 03/03.
Maybe selling due to the AWAC filing says that new stock will be issued rendering the current stock worthless?

[post="251742"][/post]​

AWAC filing? you infer new direction as far as aircraft???

 

[justaumechanic]

Wow.. I just noticed your little comment at the bottom of the picture of the AWACS plane.. Is that for me? Your so kind.

Sad thing is I know you.. I worked with you in PIT.. HA HA HA..

 

[BoeingBoy]

Since the pilots are able to trade the latest installment of stock today, thought I'd update this....

Volume over 1.5 million shares at 12:25pm
Daily low has been 83 cents (so far)
Last trade @85 cents

I'm guessing that about 1/2 the stock made available today has traded.

Jim

 

[speedbird86]

Since the pilots are able to trade the latest installment of stock today, thought I'd update this....

Volume over 1.5 million shares at 12:25pm
Daily low has been 83 cents (so far)
Last trade @85 cents

I'm guessing that about 1/2 the stock made available today has traded.

Jim

[post="252409"][/post]​

Sounds like chicken feed. What's the real dollars are we talking about?

 

[usairways_vote_NO]

Since the pilots are able to trade the latest installment of stock today, thought I'd update this....

Jim

[post="252409"][/post]​

So were the pilots the only group to get a return for their buck? What happened to all the other employees groups were they suckered out of any shares?

The price of oil don't help either for share price

 

[BoeingBoy]

Depending on the actual sales price (it opened at 95 cents), $600 - $700 dollars more or less. Not enough to rush out and get that new Mercedes, but better than nothing.....

Jim

 

[speedbird86]

You're right. $600 or $700 bucks is okay but don't you have the option to hang on to it. Hey, ya never know.

 

[usairways_vote_NO]

You're right. $600 or $700 bucks is okay but don't you have the option to hang on to it. Hey, ya never know.

[post="252422"][/post]​

It is more then ok for the lower paid work groups but did they get a share?

 

[BoeingBoy]

It is more then ok for the lower paid work groups but did they get a share?

[post="252424"][/post]​

I believe that ALPA was about the only group that fought the company's desire to not distribute this latest round of shares. That's not to say I believe the other groups were wrong. By the time the other groups had taxes withheld and paid the brokerage commission, it would have probably been breakeven at best and probably a loss.

Jim

 

[A320 Driver]

You're right. $600 or $700 bucks is okay but don't you have the option to hang on to it. Hey, ya never know.

[post="252422"][/post]​

Last time I did that I got burned...BAD!
I sold today at .95.

A320 Driver B)

 

[700UW]

And you recieved it at $7.34 per share.

 

[BoeingBoy]

Looks like it's going to close at about 85 cents. Not too bad considering almost 2 million shares traded.

Jim