FlyerTalk Forums - View Single Post - So why would anybody buy 3 million shares of AC today?
Old Aug 20, 2004 | 3:11 pm
  #21  
bigguyinpasadena
 
Join Date: Dec 2003
Location: Pasadena,Ca.,US.
Programs: AA, Delta, United, SPG plat, Hyatt dia
Posts: 7,140
" OK bigguyinpasadena, your latest post brings forward current topical issues, except the hemoraging money part, but your opening salvo was completely out-of-touch with the restructuring facts surrounding AC.

As far as hemoraging money goes, AC actually reported positive income of about $22M the last quarter before one-time restructuring and reorganization charges, which generally are non-cash items. So AC is in a positive cash-flow position at the moment. "
All of this "progress"and yet it is still trading at $0.12?Perhaps investors are not as dull as the number jugglers would like to belive?
AC is headed for a big comeuppence-and good riddence to bad junior and senior execs.
bigguyinpasadena is offline