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Nov 10, 2009 | 11:41 am

#42

bernardd

Join Date: Jan 2007

Location: Mostly AUS or rural England

Programs: BAEC redundant Bronze, AAdvantage Lifetime PLT, CO, WN, B6

Posts: 6,527

Quote:

Originally Posted by FWAAA

I could understand the Icelandic geniuses poring over Flyertalk in search of investment assistance:

http://uk.reuters.com/article/idUKL2781704820070927

But I never would have expected that competent US mutual fund managers would do the same.

It is of course possible that FL were right - they did after all make a very healthy profit on their stake in Easyjet. Maybe AA should have been asset stripped a couple of years ago? Perhaps that would have maximized stockholder value, because it looks like there's an even chance it may be worth zero at some point in the next couple of years.