LCC Stock
- Thread starter MiAAmi
- Start date
28yrsnojob
Senior
- Jan 2, 2004
- 411
- 4
its a bad investment
jimcfs
Veteran
Closed under $35 today.
D
delta777
Guest
To be fair, the industry as a whole has had their stock prices crushed of late. DAL just lowered '07 guidance down. Initially expected around $800 million+ profit for the full year, now down to $650'ish i believe. Not bad, but a sizable drop from the initial concensus.
Enough to make me sell my newly issued company stock while it was still worth something. Airline stock is just too damn volatile!!!
usair_begins_with_u
Veteran
- May 9, 2004
- 623
- 0
Ahahahah I love it. Want to make a fortune in the airlines? Buy some long puts. Yes I was upset when it climbed to the $60's and I was down big, but I held firm. Sure enough LCC hit the skids like Brittney Spears and soon to be Lindsay Lohan. Good things come to those who short airline stocks.
BoeingBoy
Veteran
- Nov 9, 2003
- 16,512
- 5,865
- Banned
- #7
Not too long ago the concensus had US earning north of $800M in 2007. Now it's less than $500M. As S&P said when they dropped their forecast (and price target) a few days ago, they're only valuing US at 6X estimated 2007 earnings because of weakness relative to it's peers.
Jim
barbeetantrums
Veteran
Note when the price of LCC stock started falling. Was it the date of the hostile DL takeover failure or the date when the world found out about our drunk-driving CEO?
usair_begins_with_u
Veteran
- May 9, 2004
- 623
- 0
Your post made me feel warm and fuzzy inside
barbeetantrums
Veteran
It is what it is. -_-
That, is funny.
A good, and very successful stock diddler, once told me that airlines were entering a very volatile period and that with my schedule, would probably be a bad bet to invest with. He was right.
BTW, I've been POTA'd four times about different trips today. Never answered the phone. Ta-ta, fertilizer cranium dougie. What an ass.
Sorry we could not bring you on board sooner.
The company futzes with the delay codes all the time. Last week pilot shows at 8AM sans ID. With 90 minute reserve, after calling eight reserves, one showed for a pushback four hours late. Late push blamed on one pilot, me, rightfully asking about an IRO for a non-overwater aircraft, PHL-SJU-PHL that would exceed FAR time limits.
The company decided to delay to get an "over-water" aircraft, scheduled to arrive two hours after scheduled departure time, essentially covering for the four hour delay to get another pilot.
They are lying sacks of fertilizer. I was asked to make announcements to lie about the situation. I told the truth and had the F/As pass out complaint forms.
Personally, I feel the pax should be able to sue dougie directly. In fact, for a fee, I will be happy to help them.
Oh, delay code? Still, pilot insists on IRO. I did not insist nor require. I simply asked.
Rather than fixing their problems, like the moron Bush, they insist on blaming things on something other than themselves, a classic definition of insanity.
barbeetantrums
Veteran
A look at the LCC chart for one year can be found here. Click to view the "beta chart" for a better view. Note that on Feb 9, when Dougie P was revealed to have been arrested for drunk driving, LCC stock closed at $58.14. The price drops to a close of $35.11 today with no end of a drop in sight. On Jan 31, LCC closed at $55.98 on the day Dougie P was arrested. Jan 31 was about the same time when the hostile takeover of DL failed. So after the hostile takeover failed, LCC actually rose during the week of the concealment of the DUI charges against Dougie P. One could unfairly assume, therefore, that the news of the arrest caused major concern amongst major stockholders that Dougie P may be a reckless character bent on his own destruction. Then with his constant ramblings of mergers and consolidation (while ignoring labor strife at his own airline), one could unfairly assume, of course, that Dougie P shows signs of an obsessive-compulsive disorder. All unfair conclusions, mind you, but possible conclusions given the symptomology that Dougie P is unstable and incapable of running a major airline. I would never assume any of this. Unfair assumptions, all of it.
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