ESPP when will it be back?

[capeman]

Stock is up today at 2.29 a share. When will AMR allow the Employee Stock Purchase Plan (ESPP) to resume? Any guesses or is this program finished for good?

 

[Boomer]

While not directly on point,

Some Industry Observers have stated that the recent dramatic drop in the price of AMR stock was due to the removal of AMR from the S&P 500.

Those index funds that are S&P 500 funds were forced to dump AMR at the same time that fuel prices were spiking in anticipation of war.

 

[Hopeful]

I believe it!

 

[RV4]

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On 3/22/2003 6:57:21 AM Bob Owens wrote:

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On 3/21/2003 350 PM capeman wrote:

Stock is up today at 2.29 a share. When will AMR allow the Employee Stock Purchase Plan (ESPP) to resume? Any guesses or is this program finished for good?

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Participants were told that the plan was terminated due to not enough participation and the 401K option where you can buy stocks there. I think they were worried that employees might start to gain too many shares. At $2/share employees could suck up a lot of shares.

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Bob,

Maybe we should get some of those shares in exchange for being the fighting mechanics of the industry who will volunteer concessions? We could threaten them before we capitulate and then claim we "FOUGHT" for the stock.

 

[Bob Owens]

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On 3/21/2003 350 PM capeman wrote:

Stock is up today at 2.29 a share. When will AMR allow the Employee Stock Purchase Plan (ESPP) to resume? Any guesses or is this program finished for good?

----------------
​

Participants were told that the plan was terminated due to not enough participation and the 401K option where you can buy stocks there. I think they were worried that employees might start to gain too many shares. At $2/share employees could suck up a lot of shares.

 

[Rational Thought]

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On 3/22/2003 6:57:21 AM Bob Owens wrote:

I think they were worried that employees might start to gain too many shares. At $2/share employees could suck up a lot of shares.

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Do you really believe this?

 

[JFK777]

IF AA employees really want to buy stock they can buy from their broker. I think the suspension is AA not wanting too many employees chasing too many cheap shares; then BK. The employees would cry WOLF (not WOLFMAN of USAIR). Airline employees are professionals in their profession, the airline industry. Buying 2 dollar stocks is for professional investors, not airline employees. If you have an MBA that''s a different matter.

 

[Oliver Stone''s Apprentice]

I don''t expect either the company stock fund in SuperSaver or the ESPP to return. My guess is both plans were terminated to avoid the appearance of the company having encouraged employees to invest in stock which may become worthless in bankruptcy.

 

[RV4]

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On 3/22/2003 10:39:49 PM eolesen wrote:

I don''t expect either the company stock fund in SuperSaver or the ESPP to return. My guess is both plans were terminated to avoid the appearance of the company having encouraged employees to invest in stock which may become worthless in bankruptcy.

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FEAR, FEAR, FEAR...

...The company is trying to protect you...

...you are getting very sleepy.

 

[FA Mikey]

When was it scheduled to stop? I havent recieved any info on the shares I had up to this point.

 

[BDLDFW]

But if the company brought back the ESPP, wouldn''t that cost the company money? Didn''t the company subsidize the broker costs? I thought the company was trying to save money right now?

 

[Oliver Stone''s Apprentice]

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On 3/23/2003 5:35:05 AM RV4 wrote:

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On 3/22/2003 10:39:49 PM eolesen wrote:

I don''t expect either the company stock fund in SuperSaver or the ESPP to return. My guess is both plans were terminated to avoid the appearance of the company having encouraged employees to invest in stock which may become worthless in bankruptcy.

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FEAR, FEAR, FEAR...

...The company is trying to protect you...

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Not fear, Dave.

LIABILITY, LIABILITY, LIABILITY....

The company is protecting itself. Haven''t you noticed all the suits filed regarding the UAL ESOP for not having sold shares when they should of, and later for having sold them at too low a price?...

 

[capeman]

Can you spell ENRON...

 

[Bob Owens]

They are ripping us off. I had to spend over $30 to get my certificates. I guess in 50 years or so my kids can get a write off by donating them to a museum or something.
Protecting itself my ass,its not like they are fluffing up the value or anything, and they have certainly never pushed the program on the workers, they should have left it in place, we were free to sell them as we pleased.

 

[Connected1]

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On 3/26/2003 5:37:04 PM Bob Owens wrote:

They are ripping us off.

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The company is afraid that there might be employees out there (employees that will soon be unemployed or, at the very least, earning less) that are willing to throw their futures away in increments of $2.19. The company realizes that these people need to be protected from themselves.

I can''t understand why anyone would think that AMR is a good long term investment at this point. It might be OK for a day trade, but on whose advice are you day trading your retirement portfolio?

There are plenty of other risky ventures from which to choose. Might I suggest Iraqi government bonds?