Stock Prices/PUPS

[The Goose]

Was there to be a distribution of the "bonus" shares sometime soon (or shortly past)?

AMR @ $7.XX last time I looked today - I'm curious how that might be working out for our "partners". 😛

 

[eolesen]

Distributions were back in April, IIRC. Stock was trading between $8 and $10. Assuming a lot of people getting shares cashed out almost immediately, given all the kerfuffle with the MD80's and fuel spiking.

Really glad I sold at $30-ish...

 

[Man of the People]

Was there to be a distribution of the "bonus" shares sometime soon (or shortly past)?

AMR @ $7.XX last time I looked today - I'm curious how that might be working out for our "partners". 😛

I assure you, management will find a way to finagle the books in order to get theirs. It's high-time we take measures to do the same.

 

[BigBangTheory]

I assure you, management will find a way to finagle the books in order to get theirs. It's high-time we take measures to do the same.

We already are!! Have you looked at our rankings or seen how many planes are out of service these days?

 

[upsilon]

I assure you, management will find a way to finagle the books in order to get theirs. It's high-time we take measures to do the same.

We already are!! Have you looked at our rankings or seen how many planes are out of service these days?

And just how will that 'get you yours'?

 

[WingNaPrayer]

Distributions were back in April, IIRC. Stock was trading between $8 and $10. Assuming a lot of people getting shares cashed out almost immediately, given all the kerfuffle with the MD80's and fuel spiking.

Really glad I sold at $30-ish...

These were the last execs to sell stocks, the number sold, date sold, and how much they sold for.

Nobody made a killing on the most recent trades.

Arpey sold 8,748 shares at $8.530 per share on 7/25/08

Garton sold 6,015 shares at $8.530 per share on 7/25/08

Kennedy sold 3,654 shares at $8.530 per share on 7/25/08

Redding sold 3,645 shares at $8.530 per share on 7/25/08


A total of 22,062 shares sold for a total of $188,189.00

No big money there.

 

[FWAAA]

These were the last execs to sell stocks, the number sold, date sold, and how much they sold for.

Nobody made a killing on the most recent trades.

<snip>

A total of 22,062 shares sold for a total of $188,189.00

No big money there.

Most of the top execs sold substantially more shares on April 17 at prices between $8.40 and $8.69, with many of the sales at $8.53.

 

[limit]

These were the last execs to sell stocks, the number sold, date sold, and how much they sold for.

Nobody made a killing on the most recent trades.

Arpey sold 8,748 shares at $8.530 per share on 7/25/08

Garton sold 6,015 shares at $8.530 per share on 7/25/08

Kennedy sold 3,654 shares at $8.530 per share on 7/25/08

Redding sold 3,645 shares at $8.530 per share on 7/25/08


A total of 22,062 shares sold for a total of $188,189.00

No big money there.

That's right.
The low share getter with $30000,00, will probably have just enough to pay the real estate taxes and insurance at a place in Southlake.

 

[Hopeful]

These were the last execs to sell stocks, the number sold, date sold, and how much they sold for.

Nobody made a killing on the most recent trades.

Arpey sold 8,748 shares at $8.530 per share on 7/25/08

Garton sold 6,015 shares at $8.530 per share on 7/25/08

Kennedy sold 3,654 shares at $8.530 per share on 7/25/08

Redding sold 3,645 shares at $8.530 per share on 7/25/08


A total of 22,062 shares sold for a total of $188,189.00

No big money there.

Right! The big money was on May 1 when we got $.42 an hour raise....

 

[WingNaPrayer]

I've mentioned this before. All the employees need to pool some $$ and invest it into AMR stock. 2-300.00 per employee would buy a nice voice. If everyone keeps pumping into the pool every month, before you know it, you have controlling interest.

 

[The Goose]

I've mentioned this before. All the employees need to pool some $$ and invest it into AMR stock. 2-300.00 per employee would buy a nice voice. If everyone keeps pumping into the pool every month, before you know it, you have controlling interest.

I have my doubts the company would welcome that action. Poor babies. I'm willing - got some already and not thru the stock "plan".

Wing, out of curiousity and all being as it is, would the purchase of AMR by the employees also constitute the purchase of the TWU, you know, since they're joined at the hip?? 😛

Or would the TWU have to be bought to get AMR as a freebie? They're most certainly for sale.

 

[Bob Owens]

And just how will that 'get you yours'?

Its called OVERTIME.
If there's an airplane sitting out of service then more than likely there's a few mechanics working OT to get it back in service.

(WingNaPrayer @ Oct 8 2008, 03:35 AM)
I've mentioned this before. All the employees need to pool some $$ and invest it into AMR stock. 2-300.00 per employee would buy a nice voice. If everyone keeps pumping into the pool every month, before you know it, you have controlling interest.

Yes we see how well thats worked out for the employees of UAL, ENRON, and AVIS etc. Nothing like having your savings and employment in the same basket.

 

[jimntx]

We all need to remember that the PUP bonusses are not based on company performance or stock price performance in the classic business sense. The PUP payouts are based on AMR stock performance relative to a "basket" of other airline stocks. AMR stock can be (and is) in the toilet, but as long as it is swirling around the bowl slightly higher than the other airline stocks, the execs get their bonusses on time.

A snapshot this morning...

AMR $6.37 -5.63%
CAL $10.43 -3.97%
DAL $5.64 -1.23%
NWA $6.67 -1.19%
LCC $4.18 -17.81%
UAUA $4.81 -3.78%
LUV $12.08 -1.06%

Now, I'm guessing that LUV is not included in the basket of stocks to which AMR is compared--too much danger that LUV's performance will pull up the basket average too high. But, compared to the others, with the exception of CAL, we're still doing pretty good. Which means, of course, that if the payout measure were today, they would collect.

 

[FrequentFlierCA]

Right, jimntx- I think this is the area most in need of reform in the compensation piece of the airline industry. There is some validity to the idea of comparison to peers. External shocks like wars, disease or high oil affect all carriers fairly equally. On the other hand, is it a good idea, from the point of view of employee relations or just plain fairness, to take payouts when the company you manage is losing money?

I don't think the labor groups should be asking for big raises right now, but I also don't think it's right for the execs to be awarded payouts while the company is not profitable.

 

[The Goose]

Right, jimntx- I think this is the area most in need of reform in the compensation piece of the airline industry. There is some validity to the idea of comparison to peers. External shocks like wars, disease or high oil affect all carriers fairly equally. On the other hand, is it a good idea, from the point of view of employee relations or just plain fairness, to take payouts when the company you manage is losing money?

I don't think the labor groups should be asking for big raises right now, but I also don't think it's right for the execs to be awarded payouts while the company is not profitable.

It's really not an issue of profitable as the bucks come from the shareholders by diluting their share values and not out of any financial stash of the company's.