Originally Posted by
Movieman123
Exactly if he was a numbers guy and he is then he wouldn't of hedged all the fuel bets. To me he didn't do his job. He gambled and lost big time. I think Co should be looking to another leader soon. The stock is not doing good and also the FA's are upgrading non-revs first before the qualified elites. The whole company is in a turmoil. I can truly predict the price of CO stock will hit below the 52 week low before the end of this year due to Larry's gamble and the way he runs CO. Watch and you shall see.
This is laughable. One of the more absurd posts I've seen on FT.
CO's "gamble" in fuel hedges came in mid-08 when fuel prices were at their highest, and even then, they limited their hedging going into 2009. They gambled and lost, yes, but they are reasonably well positioned through the rest of the year in that they will be paying market rates for fuel, still substantially lower than 2008. Comparatively, they hedged better than other carriers, specifically DL.
While it is conceivable that CO's stock could dip below it's 52-week low in the near future, it's because of the industry-wide demand collapse and CO's exposure to the swine flu-stricken Mexico market. Even if that happens, Continental will not be looking for a new leader any time soon.
I suppose you were one of the guys predicting $200+/bbl oil last July?