AMR Stock Trading

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TOKYO (Dow Jones)--The president of Japan Airlines Corp. said Thursday that the bankruptcy protection filed by American Airlines Inc.'s parent company won't alter the Japanese carrier's alliance with its U.S. partner.
JAL also could help support its struggling U.S. peer in some operations such as customer services, the president said. It is hard to believe that American Airlines will trim or scrap routes to connect major cities between the U.S. and Japan as "their trans-Pacific business is generating favorable results," said JAL President Masaru Onishi at a press conference. JAL operates a total of nine trans-Pacific routes under a joint agreement with American Airlines, whose parent company AMR Corp. (AMR) filed for bankruptcy protection last week amid stiff cost competition and surging fuel expenses.

-By Yoshio Takahashi, Dow Jones Newswires; 813-6269-2791; [email protected]

(END) Dow Jones Newswires
12-08-11 0101ET
Copyright (c) 2011 Dow Jones & Company, Inc.
 
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My link


AMR Ranks the Highest in Terms of EBITDA Growth in the Airlines Industry (AMR, HA, DAL)Published on Wed, 12/14/2011 - 11:05
By Robert Cotter in Fast Lane, AMR, dal, HA, amex:ha, amr, delta air lines, hawaiian holdings, highest ebitda growth, nyse:amr, nyse:dal

Below are the three companies in the Airlines industry with the highest EBITDA Growth (next year estimate vs. LTM). EBITDA Growth can be valuable in predicting future cash flow generation and earnings power.

AMR (NYSE:AMR) is highest with EBITDA growth of 61.0%. AMR Corporation operates an airline that provides scheduled passenger, freight, and mail service throughout North America, the Caribbean, Latin America, Europe, and the Pacific. The Company also provides connecting service throughout the United States, Canada, and the Caribbean. In addition, AMR provides aviation services, call center management services, and investment advisory services.

AMR has overhead space with shares priced $0.67, or 86.2% below the average consensus analyst price target of $4.87. AMR shares should first meet resistance at the 50-day moving average (MA) of $1.97 and find additional resistance at the 200-day MA of $4.37.

Following is Hawaiian Holdings (AMEX:HA) with EBITDA growth of 52.5%.

Finishing up the top three is Delta Air Lines (NYSE:DAL), with EBITDA growth of 42.2%.
 
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On Thursday 01/05/2012 AMR stock ceased to exist and has become AAMRQ. As some of you know, I put a buy in for AMR at $1.60 on the eve of the bankruptcy filing. The bid did not go through, however by the next morning 11/29/2011 I had 600 shares of AMR stock at $0.20 a share. This morning after assuming that my shares were gone, I am now the owner of 600 shares of AAMRQ and it is trading.
 
Yes, I am one of the few dumbasses that held on to my stock options. My question is are they worth anything at all? or kaput?
 
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Yes, I am one of the few dumbasses that held on to my stock options. My question is are they worth anything at all? or kaput?
I am not speaking of the Negotiated Stock Options, I have shares that were purchased the eve of the bankruptcy. My shares and yours of the Negotiated Stock Options, are likely gone.
 
They're not worthless yet but being options you probably don't want to exercise them since the strike price (how much you pay per share to convert the options to actual shares) is undoubtedly well over the trading price (how much you could get for each actual share). In other words, why exercise the options just to lose money? However, if you're interested I've got 101 options for LCC (US Airways stock) with a strike price of $50-something that haven't been worth that since issued (currently worth $5+/share). If you pay the cost to exercise them ($5,000+), I'll give the shares to you ($500 value)...

Jim
 
On Thursday 01/05/2012 AMR stock ceased to exist and has become AAMRQ. As some of you know, I put a buy in for AMR at $1.60 on the eve of the bankruptcy filing. The bid did not go through, however by the next morning 11/29/2011 I had 600 shares of AMR stock at $0.20 a share. This morning after assuming that my shares were gone, I am now the owner of 600 shares of AAMRQ and it is trading.
<_< ------ So now I have half my bathroom papered with TWA stock, and the other half with AMR stock! ----- Makes for a colorful bathroom!!!! ;)
 
Oh, and technically AA stock didn't disappear. The stock symbol just changed since the stock was delisted from the NYSE. Your AMR stock can be traded as before, just not on the NYSE. It closed today at 34 cents/share.

Jim
 
Yes, I am one of the few dumbasses that held on to my stock options. My question is are they worth anything at all? or kaput?

Worthless.

You'd have to pay around $4.70 per share to exercise them, plus brokerage fees. Only time they were worth anything was when the stock was trading above ~$5.25/share (don't recall how much the brokerage fees were per share).
 
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Worthless.

You'd have to pay around $4.70 per share to exercise them, plus brokerage fees. Only time they were worth anything was when the stock was trading above ~$5.25/share (don't recall how much the brokerage fees were per share).
Is it a possiblity that the company with permission from the court, could reissued those shares?
 
From AA's "Fast Fact" communique:

How will the delisting impact stock and unexercised stock options that employees are holding? – After the delisting from NYSE, stock and unexercised stock options held by employees will continue to be held by employees just as before. However, AMR anticipates that its securities that are traded on the OTC market will have very little liquidity. Thus, it will likely be difficult to sell AMR securities through the OTC market quickly or at the desired price, if at all. Further, AMR cannot predict what the ultimate value of its securities may be, and it remains too early to determine whether holders of any such securities will receive any distribution in the Chapter 11 reorganization. It is important to note that in most Chapter 11 cases owners of equity securities receive little or no recovery of value from their investment. As a result, AMR urges investors to exercise appropriate caution with respect to any existing or future investments in AMR's securities. [Editor‘s Note: Information is changing rapidly please check the Restructuring Resource Center for the latest information.] (Jetnet-Restructuring Resource Center)
 
Yes and if we get a new 401k match instead of a pension,you can bet AA will match with stock... How much will that be worth if AA goes in BK again say if Iran starts a conflict and fuel goes to 200 a barrel...You will get nothing.... just like the options.
 
Is it a possiblity that the company with permission from the court, could reissued those shares?
Possible? Sure. Anything is possible.

Probable? Nope. Ain't gonna happen. Like trillion to one odds.

Wonder how many others sat on their options for 422 shares and never exercised them. Quite a few posters here proudly announced that they sold on the first day the options vested in the years following the concessions. Ouch. Those options were worth slightly more than $15,000 of profit in January, 2007. Now, worth nothing.
 
Is it a possiblity that the company with permission from the court, could reissued those shares?

Uh, no.

The court can't legally treat one set of shareholders differently from another. Had the options never traded above the strike price, maybe, but you had over five years to do something with the shares, and they did trade for quite some time in positive territory. I sold mine in 2006 for a profit, along with some other options I had at $20 a share that were issued in 2001 and didn't vest until 2003...

Even if it were possible, if the court treated the employee who didn't exercise their shares with preference, there'd be just as much justification to have the shares and options held by Arpey, Horton, etc. reissued as well...
 

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