FlyerTalk Forums - View Single Post - AMR files for Chapter 11 / Horton named Chairman and CEO (29 Nov 2011)
Old Nov 29, 2011 | 7:35 am
  #140  
TWA Fan 1
FlyerTalk Evangelist
 
Join Date: Jan 2003
Location: Brooklyn, NY, USA
Programs: DL SM Plat, B6 TrueBlue, UA MP, AAdvantage
Posts: 10,008
Originally Posted by metsfan1962
But it's NOT THE SAME STOCK! A current AMR stockholder shouldn't look forward to his investment rising in value. Current stockholders will get bupkes. as their stock will no longer exist. As far as the new stock, it might rise in value initially but, just as with Useless Airways stock, (symbol LCC), which got as high as mid-50s, now it's 4 and change. It all depends on conditions for the airline industry. Not to be political, but if if the current goofballs continue mismanaging our economy through 2016, it will be bad news for most corporations and our economy in general. So any holders of new AA stock shouldn't plan their retirement around it's making them a fortune.
Not true. Current shareholders are creditors like any others, and will see their value determined by the court...it will not be bupkes.
TWA Fan 1 is offline