US Airways Investors Live in A Fantasy World
May 30, 2005 | 1:00 am
#1
Original Poster
Join Date: Feb 2004
Location: Washington, DC USA
Programs: UA; Amtrak
Posts: 2,002
US Airways Investors Live in A Fantasy World
The Washington Post
US Airways Investors Live in A Fantasy World
By Jerry Knight
Monday, May 30, 2005; Page E01
http://www.washingtonpost.com/wp-dyn...052900781.html
Later on, some pessimism about Independence:
US Airways Investors Live in A Fantasy World
By Jerry Knight
Monday, May 30, 2005; Page E01
http://www.washingtonpost.com/wp-dyn...052900781.html
The company has said it again and again. "The transaction anticipates that the existing shares of U.S. Airways will be canceled," the airline said in announcing the merger plan.... It is what happened the first time US Airways was reorganized under Chapter 11. The old stock became worth no more than the paper it was printed on, valuable only to collectors of stock certificates. But still, somebody keeps buying it.
Flyi may be the best thing that's ever happened to air travelers in the Washington region, long plagued by lack of competition and high prices. But Flyi's failure would be one of the best things that could happen for other airlines.
May 30, 2005 | 10:12 am
#2
FlyerTalk Evangelist
Join Date: Dec 2002
Location: Seattle, WA, USA
Programs: Bar Alliance Gold
Posts: 16,280
"Dead cat bounce", baby. 
UA stock has continued to be traded since they filed 30+ months ago and, if you watch it like a hawk, you can make a tidy little profit (percentagewise).
No doubt the same is happening with US stock.
UA stock has continued to be traded since they filed 30+ months ago and, if you watch it like a hawk, you can make a tidy little profit (percentagewise).
No doubt the same is happening with US stock.
