Texas Investor Holds 5.37-pct Stake In Amr--filing

[Hatu]

Hall Phoenix/Inwood said in a U.S. Securities and Exchange Commission filing that it acquired the 8.65 million shares of the world's largest carrier for investment purposes.

It said it has no current plans for an "extraordinary corporate transaction" such as a sale, a change in management or any other material change in AMR's business or corporate structure.

But it said it may decide in the future to acquire the company or "seek to control or otherwise influence the management and policies" of AMR.

http://yahoo.reuters.com/financeQuoteCompa...11662346_newsml

 

[s80dude]

Maybe it is a front company for Icahn. They say history repeats itself....

 

[MCI transplant]

Maybe it is a front company for Icahn.  They say history repeats itself....

[post="254923"][/post]​

<_< You'de better hope not!!! Been there! Done that! And I wouldn't wish that on any Company! Even amr!---- But then again?

 

[Decision 2004]

Somebody needs to "influence" management and policies.

Letting the "Unions" manage the company will lead to destruction.

 

[WingNaPrayer]

Hmmm. Hall Phoenix/Inwood Ltd. is a company that makes it's piece of the pig by buying into financially troubled companies before they file bankruptcy, then filing their own reorganization plans allowing them to take over a company the cheap and easy way, from the inside and with a judge to protect them. The main partner, Craig Hall, seems to specialize in greenmailing businesses he is invested in. (Greenmailing is where you antagonize the company's management so much that they pay you a premium price for your stock to get you off their backs).

This is not a good investor for any airline to have in these troubled financial times. This could be a signal for a rough road ahead for the execs at AMR.

 

[AMFAMAN]

(Greenmailing is where you antagonize the company's management so much that they pay you a premium price for your stock to get you off their backs).

[post="255042"][/post]​

Hell, I'm trying to do the same thing but the company still just offers me $8 a share for my stock options.

 

[Wretched Wrench]

Hell, I'm trying to do the same thing but the company still just offers me $8 a share for my stock options.  

[post="255142"][/post]​

Thanks, AMFAMAN. I just snorted my coke up my nose.

Ummmmmmmmmmm, Coca Cola, that is.

.

 

[MCI transplant]

Thanks, AMFAMAN. I just snorted my coke up my nose.

Ummmmmmmmmmm, Coca Cola, that is.

.

[post="255153"][/post]​

<_< You may think it funny! But take my word for it! It ain't!!!!! If this guy is a distant cousin of good ol "Uncle Carl", amr is in deep due, due!!!!!!! :down:

 

[planemech669]

So, what we have are two possible senarios:

1) This Hall fella antagaonizes AMR to the point where they buy him out and looses money.

2) AMR management ignores him and he takes his marbles and goes away.

It all depends on wether AMR is going to protect it's pocket book or it's business.

 

[jimntx]

Perspective, people. 5.37% of the stock may give the buyer the right to speak at the annual meeting--but then, technically, owning 1 share of stock bestows the same right. 5.37% does not really give someone the ability to influence company business against the wishes of the BOD.

This purchaser future intentions are more important than the SEC-required disclosure of this amount of stock ownership. Those intentions are unknown at this time.

 

[AMFAMAN]

I wonder if this investor has any ties to the person who declared $40-50 a share in 2 years?

 

[jimntx]

Well, if I owned that much of the stock, I would certainly be promoting it from the rooftops. Wouldn't you?

 

[mwa]

sounds like the same Hall that purchased a huge portfolio of apartments back in the '80's and ended up in bankruptcy. part of the Savings and Loan debacle.

 

[WingNaPrayer]

Perspective, people. 5.37% of the stock may give the buyer the right to speak at the annual meeting--but then, technically, owning 1 share of stock bestows the same right. 5.37% does not really give someone the ability to influence company business against the wishes of the BOD.

Well . . . . yeah, it does. 5% is all that is required to instigate your own proxy fight for a hostile take-over of a company. It entitles the guy to request things from the company such as stockholder lists, etc., where he can then start lobbying stockholders prior to a stockholders meeting, that he and/or his resources and/or management teams can do a better job of running the airline than current management. Although I doubt that is his intention, he now has enough stock to nit-pick every last thing the airline does and therein lies the explanation behind Greenmailing. Sounds to me like the guy needs some pocket cash.

Hard to believe anyone would invest this heavily in airline stocks right now, especially since a scant two years ago, a crafty investor could have taken ownership of the airline for a measley 2B$

Never underestimate people who make their living by getting something for nothing through manipulation. A lot of those types are currently in the executive level at AMR!