Making Big Music Tracks
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Buying just 1 Jan 2014 $3.00 call option give you the right to 100 shares right now.
100 shares is valued right now at $1,134 but the asking price is only $800.00 each, seems very weird to me!
As I posted this someone just bought one at $800.00, funny. Volume today on the Jan 2014 $3.00 is just '2' WTH!
Ask just rose to $885.00 also after posting.
JMAX, this is one of those times where I am still very confused, I could not make proper decisions as everyone I called including TheOCC, American Airlines, SEC and the rest did not have an answer. The memo out today still does not answer my question on ... will I get additional options as the shareholders will at 30/60/90 etc. And there is no liquidity on the AAMRQ options if I sell, seems better I convert but no idea, and I will have to convert now. But then I don't know if to some degree I get punished for converting as I miss out on some of the 30/60/90 stuff. Very confused. Out of time... yay...
JMAX, I have not been able to get any good answers from anyone about this ever. I have no idea what will happen, this memo came out today, really not happy about the timeliness of this information at all.
Jmax %Interest?
Now that the AAMRQ options conversion to 'AAL1 'news is out I still do not know If I will receive anything from "30th, 60th, 90th, and 120th days" if I hold the options already still today and have owned them for 1 1/2 years.
I really wonder if I should convert the options to stock now or if I should wait, running out of time! STILL confused. :(
Anyone have any ideas?
Dec 5, 2013 - AMR CORPORATION - ANTICIPATED ADJUSTMENT
OPTION SYMBOL: AAMRQ
http://www.theocc.com/webapps/infomemos?number=33674&date=201312&lastModifiedDate=12%2f05%2f2013+15%3a46%3a46
NEW SYMBOL: AAL1
DATE: 12/9/13???
On November 27, 2013, the United States Bankruptcy Court for the Southern District of New York approved the settlement related to the AMR Corporation Plan of Reorganization under Chapter 11 of the Bankruptcy Code. The Plan and corresponding merger between AMR Corporation and U.S. Airways Group, Inc. is anticipated to become effective prior to the opening of business on December 9, 2013. The resulting merged company will be called American Airlines Group Inc. (AAL) and new AAL Common Shares are anticipated to begin trading on the Nasdaq Global Market) under the symbol AAL on December 9, 2013.
Pursuant to the Plan, existing AMR Corporation (AAMRQ) common shares will be canceled at the effective time of the Plan. AAMRQ shareholders are expected to receive AAL shares at a distribution ratio to be determined at the effective time of the Plan and may potentially receive additional AAL shares on subsequent dates. Any additional distributions of AAL shares made to existing AAMRQ shareholders would occur on, or as soon as reasonably practicable after, each of the 30th, 60th, 90th, and 120th days following the effective date of the Plan. As stated in the Plan, fractional entitlements of AAL common stock shall be rounded up or down to the next whole number or zero, as applicable. Fractional shares of one-half or lower will round to the next lower whole number for this purpose. No consideration shall be provided in lieu of fractional shares that are rounded down.
Contract Adjustment
DATE: Effective the opening of the business day after the merger is consummated.
Contract adjustment is anticipated to occur before the open on December 9, 2013.
OPTION SYMBOL: AAMRQ changes to AAL1
STRIKE DIVISOR: 1
CONTRACTS MULTIPLIER: 1
NEW MULTIPLIER: 100 (e.g., a premium of 1.50 yields $150; a strike of 5 yields $500.00)
NEW DELIVERABLE PER CONTRACT: Total distribution received per AAMRQ share (x 100). The total distribution per share will include the initial AAL distribution received at the effective time of the merger plus any subsequent distributions, if any, made to AAMRQ shareholders.
Note: AAL1 option exercise/assignment activity will be subject to delayed settlement until such time as the cumulative distribution received per AAMRQ share is confirmed. Consequently, AAL1 exercises/assignments may be delayed for potentially 120 days or longer depending on when confirmation of the total distribution is available.
CUSIP: AAL (New): 02376R102
DELAYED SETTLEMENT
OCC will delay settlement of the AAL1 deliverable until the total distribution to AAMRQ shareholders is determined. Upon determination of the total distribution, OCC will require Put exercisers and Call assignees to deliver the appropriate number of shares.
DISCLAIMER
This Information Memo provides an unofficial summary of the terms of corporate events affecting listed options or futures prepared for the convenience of market participants. OCC accepts no responsibility for the accuracy or completeness of the summary, particularly for information which may be relevant to investment decisions. Option or futures investors should independently ascertain and evaluate all information concerning this corporate event(s).
The determination to adjust options and the nature of any adjustment is made by a panel of The OCC Securities Committee pursuant to OCC By-Laws, Article VI, Sections 11 and 11A. The adjustment panel is comprised of representatives from OCC and each exchange which trades the affected option. The determination to adjust futures and the nature of any adjustment is made by OCC pursuant to OCC By-Laws, Article XII, Sections 3, 4, or 4A, as applicable. For both options and futures, each adjustment decision is made on a case by case basis. Adjustment decisions are based on information available at the time and are subject to change as additional information becomes available or if there are material changes to the terms of the corporate event(s) occasioning the adjustment.
ALL CLEARING MEMBERS ARE REQUESTED TO IMMEDIATELY ADVISE ALL BRANCH OFFIC
Ok PinkBu, great good to know, thank you. If anyone else has any input I can make changes if need be.
Dance Big Everyone!
PinkBu Maybe someone here can check, I just reloaded it with the latest prices on AAMRQ and LCC. Formula inside the sheet (Cell B9): =(530.5*B4-7565)/335.3
AAMRQ Launches! Woooooo.... Above 11.00 GO!
A good video (Now at spot 57 in the top 100 dance charts) To Share My Thoughts:
Rating Action: Moody's assigns B1 CFR to American Airlines Group, outlook stable
https://www.moodys.com/research/Moodys-assigns-B1-CFR-to-American-Airlines-Group-outlook-stable--PR_288234?WT.mc_id=NLTITLE_YYYYMMDD_PR_288234
Global Credit Research - 05 Dec 2013
Resolves review of US Airways Group, Inc. ratings, upgrades CFR to B1, which will be withdrawn
New York, December 05, 2013 -- Moody's Investors Service has assigned corporate ratings to American Airlines Group, Inc. ("AAG"): Corporate Family ("CFR") of B1, Probability of Default of B1-PD, and Speculative Grade Liquidity of SGL-1. Moody's assigned a Ba2 rating to the $1.9 billion senior secured term loan facility of American Airlines, Inc. due in 2019 and to the $1.0 billion revolving credit facility maturing in 2018, both of which AAG, US Airways Group, Inc. and US Airways Inc. will each guarantee. Moody's also upgraded the ratings on the Series 2001-1 and Series 2011-1 Enhanced Equipment Trust Certificates ("EETCs") of American Airlines, Inc. as detailed in the accompanying debt list. The outlook is stable.
The ratings have been assigned in anticipation of completion of the stock-for-stock merger between AMR Corporation (unrated) and US Airways Group, Inc. scheduled to occur on or within days after December 9, 2013. The merger will occur simultaneously with AMR Corporation's (unrated) emergence from Chapter 11 bankruptcy protection. The ratings consider the company's post-merger, consolidated credit profile, including very good liquidity, a leading industry EBITDA margin, improved domestic network efficiencies that we believe will flow from combining the airlines under a single operating certificate and some balance sheet de-levering from cash on hand. Upon completion of the merger, US Airways Group, Inc. will become a holding company subsidiary of AMR Corporation, which will change its name to American Airlines Group, Inc. AAG and American Airlines, Inc. will become guarantors of US Airways, Inc.'s $1.0 billion term loan facility due 2019 and $600 million term loan facility due 2016 ("Airways' Term Loans") and US Airways Group Inc.'s $500 million, 6.125% Senior Unsecured Notes due June 2018 ("Airways' Notes").
Moody's has also resolved its review of its ratings of US Airways Group, Inc. that it had initiated on August 12, 2013. Moody's raised its family ratings of US Airways Group, Inc. by two notches: Corporate Family to B1 from B3 and Probability of Default to B1-PD from B3-PD. Moody's upgraded the rating on Airways' Term Loan to Ba2 from B2 and on Airways' Notes to B3 from Caa2. The assignments or upgrades of ratings on the companies' credit facilities or bonds in this transaction are based on a consolidated Loss Given Default waterfall. Moody's upgraded the ratings on each of US Airways, Inc's or America West Airlines' EETCs as detailed in the accompanying debt list. Moody's has withdrawn the SGL-3 Speculative Grade Liquidity rating assigned to US Airways Group, Inc. and changed the outlook to stable. Upon completion of the merger, Moody's will withdraw the B1 Corporate Family and B1-PD Probability of Default ratings assigned to US Airways Group, Inc.
RATINGS RATIONALE
The B1 CFR reflects AAG's leading position in the global passenger airline industry, the favorable operating performance momentum that US Airways brings to the combined company and the improved cost structure of American Airlines, Inc. following its reorganization under Chapter 11, supportive credit metrics and very good liquidity. At about $40 billion, the consolidated annual revenue of AAG will leap-frog that of United Continental Holdings, Inc, making AAG the largest passenger airline in the world, measured by annual revenues. "AMR utilized the bankruptcy process to achieve a leading airline industry operating cost structure that rivals that of Delta's," said Moody's Senior Credit Officer, Jonathan Root. "Combining with US Airways will provide a stronger domestic network that should increase appeal to corporate accounts as well as improve passenger feed to its international network," continued Root.
Moody's believes that the risk of a disruption to operations arising from the integration of the operating companies will be moderate. Combining the operations and systems in a single airline operating company will be completed after receipt of a single operating certificate from the US Federal Aviation Administration, which will likely occur sometime in 2015. Moody's anticipates that the company will have more than $9 billion of consolidated unrestricted cash and a committed, undrawn $1.0 billion revolving credit facility upon closing of the merger after the distributions required by the Chapter 11 plan of reorganization will provide AAG with the strongest liquidity of any of the 14 airlines Moody's rates and further supports the ratings. While not impairing liquidity, the ratings anticipate that the company will use some of the cash to either repay debt, pay for new deliveries, or both, leading to improved credit metrics by 2015. Reducing debt in the near term will be helpful to limit upward pressure on financial leverage because of the company's large order book, which will stand at about $25 billion for more than 550 aircraft on a consolidated basis for deliveries through 2023. Moody's anticipates that a large portion of the order book will be financed with debt, or via operating leases, which will lead to some levering of the capital structure. However, the gains in fuel and maintenance efficiency by replacing more than half of the combined mainline fleet will be important for offsetting pressure on earnings beyond 2015 given the continuing cyclical nature of the industry.
The upgrades of the EETCs of US Airways and of America West Airlines accompany the upgrade of the CFR of AAG and are based on the B1 CFR rating of AAG, notwithstanding that neither AAG nor American Airlines will guarantee US Airways obligations under the equipment notes of the separate EETC financings. Certain tranches were upgraded by more than the two notch lift of the CFR based on Moody's estimates of loan-to-values and the relative importance of specific aircraft types to AAG's combined operations. We anticipate that the survivor of the legal merger of the airline operating companies that will likely occur following the receipt of a single operating certificate will become the obligor of the equipment notes of all of the combined companies EETCs.
Moody's also upgraded the ratings assigned to the Series 2001-1 and Series 2011-1 EETCs issued by American Airlines. The Series 2001-1 transaction finances 32 McDonnell Douglas MD80's, valued at about scrap value of about $1.0 million per airplane. Notwithstanding estimated significantly deficient LTVs, Moody's has upgraded the A-tranche to Caa1 and the junior tranche ratings to Ca to reflect the lower probability of default since this transaction survived AMR's reorganization and implicitly, the aircraft have a place in the combined company's fleet along with 147 more of this aircraft type. The upgrade of the A-tranche rating of Series 2011-1A by two notches to Baa1 considers an LTV near 55%, in line with six notches for other A-tranches of transactions that are cross-defaulted and cross-collateralized. The average age of the aircraft in this transaction approximates 13 years.
The stable outlook reflects the steady operating performance by the separate airline operating companies as AAG plans their integration in upcoming quarters. The bulk of the $900 million of run-rate net synergies, mostly from revenue gains of the improved network that the company expects to realize, will accrue incrementally during the period leading up to the receipt of a single operating certificate and thereafter. The company will also need to complete negotiations of work rules to finalize labor agreements with its respective unions, after the employees agree on common representation. Moody's also anticipates that improvements in the cost structure during this period will be measured, although benefits of fleet modernization will be realized with each delivery of a new aircraft. The stable outlook also considers Moody's view of about steady industry fundamentals for 2014 including an about steady price for fuel of about $3.05 per gallon.
There is little upwards pressure on the rating as the company prepares to execute the integration. A positive rating action could follow if the company was to sustain stronger credit metrics following the integration. Debt to EBITDA that approaches 4.5 times, Funds from operations + interest to interest that approaches 4.0 times, meaningful amounts of annual positive free cash flow and or an EBITDA margin that is sustained near 20% could support an upgrade. Growing passenger revenues and or revenue passenger miles ("RPMs") at meaningfully higher rates than Delta or United would indicate the realization of the planned revenue synergies, including from increasing share of corporate travel, which could also support a positive rating action. A negative rating action could follow if liquidity fell below $4.5 billion with no significant improvement in Debt to EBITDA. The inability to control non-fuel operating costs or to sustain competitive yields, either of which would challenge the company to maintain its operations over the long-term could also lead to a downgrade. Debt to EBITDA that approaches 6.5 times, FFO + Interest to Interest that approaches 2.3 times or sustained negative free cash flow generation could pressure the ratings.
US Airways, along with US Airways Shuttle and US Airways Express, operates nearly 3,200 flights per day and serves more than 200 communities in the U.S., Canada, Mexico, Europe, the Middle East, the Caribbean, Central and South America.
AMR Corporation, headquartered in Fort Worth, Texas, through its American Airlines, Inc. subsidiary, serves more than 260 airports in more than 50 countries and territories. American's fleet of nearly 900 aircraft flies more than 3,500 daily flights worldwide from hubs in Chicago, Dallas/Fort Worth, Los Angeles, Miami and New York. Upon completion of the merger, AMR will change its name to American Airlines Group, Inc. and will become the direct parent of US Airways Group, Inc., the direct parent of US Airways, Inc.
Jmb0173 thanks for the answers sir, appreciate it, yah I might have to keep calling again and again to solve this, wish there was an easy answer, all of this has been a huge learning experience, but so glad I hold the $3 options, what a ride, OMG! Thanks my friend!
I think AAMRQ will pop hard by close.
junkmanlong1
I hold AAMRQ Jan 2014 $3 Call Options.
When you mentioned the memo I posted, what are you saying? Now I am getting confused again. I thought my AAMRQ options would be converting to the new symbol options of AAL?
I posted this memo I think it was yesterday, they came out with this very late: http://www.theocc.com/webapps/infomemos?number=33669&date=201312&lastModifiedDate=12%2f04%2f2013+15%3a43%3a03
Thanks sir!
JMB, thanks for the attempt and answer here, maybe someone knows how this might work, I have tried to ask but growing tired of the terrible answers at TheOcc and hard to get answers from AAMRQ folks.
Pink, yes the options will convert to AAL as of news report yesterday by TheOCC, I just wonder if they will reward me with the additional shares or not? If anyone knows please advise your opinions, thank you.
Anyone have an answer for this one, still looking to know
So if I own 2014 options, do I get some sort of distribution as well, been holding them still today and for the past year at least? I mean options are the right to own shares, in my case at $3.00 strike price, very lost on this one. Anyone know, I will continue to be a buyer if anyone has any ideas. Thanks folks!
TM
PinkBu
Good post, please people save these posts somewhere and keep building and reposting so others know what's up.
Pink & others, ok so if I own 2014 options, do I get some sort of distribution as well, been holding them still today and for the past year at least? I mean options are the right to own shares, in my case at $3.00 strike price, very lost on this one.
Dietering, good day man! And the rest!
Would be REAL SMART if you guys had a question and answer post that everyone build upon as we go that we can keep posting. I did my part with the excel sheet, and I feel better today after the aspirin and knowing my options convert, so dumb it took them till me screaming at them yesterday to announce that news on option conversion statements.
And todays action, dam, tried to push $ into the account, could not do it fast enough, sucks! Sent cash, still takes 3 days, also dumb!
I think that's it for the selling, watch close now!
Just got this in, I was yelling at the OCC today...
So in this mumbo jumbo does it say what will happen to the 2014 AAMRQ Call Options, etc.
I have a bad cold, can't read this at the moment, lol.
================================
OCC Infomemo #33669 - US AIRWAYS GROUP, INC. - ANTICIPATED ADJUSTMENT OPTION...
LCC) approved the proposed merger with AMR Corporation (AAMRQ). Upon consummation of the merger, ... to the effectiveness of the AAMRQ Plan of Reorganization. DISCLAIMER This ...
================================
Original Link: http://www.theocc.com/webapps/infomemos?number=33669&date=201312&lastModifiedDate=12%2f04%2f2013+15%3a43%3a03
#33669
TO: ALL CLEARING MEMBERS
DATE: DECEMBER 4, 2013
SUBJECT: US AIRWAYS GROUP, INC. - ANTICIPATED ADJUSTMENT
OPTION SYMBOLS: LCC/2LCC
NEW SYMBOLS: AAL2/2AAL2
FUTURES SYMBOLS: LCC1C/LCC1D
NEW SYMBOLS: LCC2C/LCC2D
DATE: 12/9/13???
Contract Adjustment
DATE: Effective the opening of the business day after the merger is consummated. Contract adjustment is anticipated to occur before the open on December 9, 2013
OPTION SYMBOLS: LCC changes to AAL2
2LCC changes to 2AAL2
STRIKE DIVISOR: 1
CONTRACTS MULTIPLIER: 1
NEW MULTIPLIER: 100 (e.g., a premium of 1.50 yields $150; a strike of 22.50 yields $2,250.00)
NEW DELIVERABLE
PER CONTRACT: 100 (New) American Airlines Group Inc. (AAL) Common Shares
CUSIP: AAL (New): TBD
PRICING
The underlying price for AAL2/2AAL2 will be determined as follows:
AAL2 = AAL
Futures Contract Adjustment
DATE: Effective the opening of the business day after the merger is consummated. Contract adjustment is anticipated to occur before the open on December 9, 2013
FUTURES SYMBOLS: LCC1C changes to LCC2C Back to Infomemo Search
To The Board...
I can't get ANY answers from TheOCC, AAMRQ, no one, so let me ask this, jees....
I will convert my options into stock, because for lords sakes I don't want to sell options with NO volume and not be in the stock longterm.
If I convert today or tomorrow into AAMRQ stock will I sort of miss out on the 30/60 thing or would I still be able to be a part of the additional shares if I buy it now and hold long term?
_________________________
Best people, good job on the AAMRQ purchase while in bankruptcy, we all did awesome! Quoted from The Wall Street Journal: "One of the Best Brand-Name Investments of Recent Years Was a Down-on-Its-Luck Airline" - "Forget Internet IPOs: One of the best investments of the past couple of years was a bankrupt airline."
JMSMathews11 thank you!
Yah the problem is that people that should have answers have none. I just spoke with a head guy over at TheOCC, he said that there has not been a decision made yet as how the options will be handled. I told them that this, Per 15USC 1692 IS A breach of fiduciary duty by the powers that be behind this whole scenario, the fact that there is no decision yet is shameful as this whole stock symbol changes Friday.
My next call is to the SEC, I have been in situations like this before and I am not planning to be led on with "We are not sure yet". That is unprofessional for such a LARGE merger.
Still no answers and I have ZERO guidance and no-one who will take responsibility at having proper disclosure and information about this merger and how it applies to options for Jan 2014. Very unprofessional all around.
If anyone wants to call TheOCC
Phone: 1-312-322-6200
Fax: 1-312-977-0611
E-mail: investorservices@theocc.com
Mailing Address:
OCC
One North Wacker Drive, Suite 500
Chicago, IL 60606
Man I am SUPER CONFUSED. Scottrade told me that TheOcc.Com folks STILL do NOT know what and how they will handle my options, all I own is options, Jan 2014 $3.00 Calls.
Bought at $25.00 a while back during BK announcement; last week they were worth about $1,000.00 each and today they are worth about $770.00 each.
No one knows and can tell me what they will do YET. Pissing me off bad!
Should I convert the options (Exercise) them to stock in AAMRQ today, cause if I sell them (a plain sale only, and keep the cash) I think I get screwed on the spread, if I exercise them I get the AAMRQ stock now at ($3.00).
But my confusion is if I do exercise (get the stock today) do I miss out on getting in the stock today as opposed to having the option to buy the stock for over a year, would it have been better I exercised them earlier?
I guess what I am asking is, was their a date where I get the additional shares that I will be missing as I convert today? Anyone know what I mean, so hard to explain. Driving me nuuuuts!
I feel like this whole merger and lack of transparency has lost me a ton of money and I am not happy
Stockboy, ok so I updated the Excel, looks correct? http://goo.gl/UVT3dw
Also spoke with ScottTrade, they told me that AAMRQ Options have not been decided upon yet (as far as how that transaction will be handled due to merger), they (theocc.com) may convert to cash or they might convert to new options, they should have a decision soon I am told but who knows.
Trading on LCC & AAMRQ seems very fishy, I agree.
PS (Only An Opinion) - I am watching/buying National Bank of Greece Very Close (2015 & 2016 Strike Prices).
Bought 'Jan 2015 $7.00 Calls' (HUGE Open Interest)
Stock use to be like $500.00 plus, trading now at about $6.00
They make money
PE of 32.03
EPS: 0.19
TA Indicators = Huge Volume Recently
TA Indicators = Stock seems to have bottomed
http://finance.yahoo.com/q/bc?s=NBG&t=5y&l=on&z=l&q=l&c=
I called the 888 Number, pointless, they just read me the 2000 pages of the mumbo jumbo court documents, total waste of time.
Also the fact that no-one at all has any good information here as far as answering any questions anyone has is not going to help any current holders or future stockholders.
jsc83jsclark8362
I have asked this question ten times, not one person has answered yet. I really wish someone would. Thanks for asking again. :)
Rocco, (Thank you) I read through this but VERY confused still, it's super legal mumbo jumbo, I hate stuff like that really lol. I am still trying to figure out what will happen with my options I own in AAMRQ. Asked so many times here, never had a response really.
But hey gang, things looking good! I will update: http://goo.gl/UVT3dw this now. Lcc $23.98.
Rocco2, please do, if not shoot me the correct formulas to insert into that sheet. THANK YOU!
I've asked the people here on this board like 20 times if this conversion Excel sheet is accurate: http://goo.gl/UVT3dw
Never got a response from ANYONE, so fyi.
Here comes the short squeeeeeeze on LCC, watch, they will try desperately to hold it down and won't win. Then BAM. AAMRQ and LCC will go hard throttle airborne any moment.
Oil Prices Dumping More, Good for AAMRQ/LCC, (DTO) Short Play on Oil up 2.81% http://finance.yahoo.com/q?s=DTO - The Worlds BIGGEST airline will have a much easier time raking in cash.
http://finance.yahoo.com/news/u-airways-seen-holding-altitude-081617503.html
U.S. Airways seen holding altitude
optionMONSTER By Mike Yamamoto (mike.yamamoto@optionmonster.com)
6 hours ago
U.S. Airways has soared to multi-year highs, and one large trader is betting that any pullbacks will be limited through early next year.
optionMONSTER's tracking systems detected the sale of 11,811 January 24 puts in a single print for the bid price of $1.67. The trade was above the previous open interest of 10,695 contracts, showing that it is a new position.
The put seller will keep the $1.67 credit as profit if LCC remains above $24 through expiration in mid-January. The trader will be on the hook to buy shares below this level, though that may be the intent if he or she is hoping to pick up the stock at an effective discount of $22.33. (See our Education section)
LCC was down fractionally yesterday to close at $24.24. The airline carrier has surged 50 percent in the last three months, spiking to a six-year high of $25.49 on Nov. 12, but has stalled at current levels in the last week.
Case is OVER! Shorts Cover, Cause All DONE, Promise You!
LCC chart is Super-Dam-Strong, Barely gona take a pause lower, this is a Super Technical Chart... Low PE, Oil is Dumping, Airlines making a fortune, I mean a fortune on Baggage Fees Alone!
When the transportation sector rises, so does the global economy. It means we are on the way to a very nice recovery once again, airlines will massively benefit from cheaper oil, Delta has it's own dam refinery for G sakes.
I've been around the airline buis some 35 years, it's just massive what the airlines are pulling off and with such good earnings and low PE ratios!
I DO agree, I think BIG Shorting, but Airline Stocks and LLC have a strong dam chart, will take a lot to cause a problem and or fear, I looked at Delta chart (DAL), compared to LCC, LCC has much more room to grow due to it's very low EPS and it has serious earnings, DAL seemed much higher then LCC.
Shorts are doomed, I think big! LCC will move soon up at least $1-2 per share, at any moment, then if shorts freak they will also cover getting LCC to $27.
Jmb, I just checked the link: http://goo.gl/UVT3dw
Opened for me, anyone else having any issues opening?
Ok I added some more info (Price Conversions) to the Price Chart
[Price of American Airlines Per Us Air Last Price Tool]: http://goo.gl/UVT3dw
Can anyone tell me if the right section (Results from Formula) of this Excel sheet seems correct [Price of American Airlines Per Us Air Last Price Tool]
This is the latest Spreadsheet...
Determining what a share of (AAMRQ) is worth dependant on where US Air (LCC) is Trading.
I try to update this with the last price of US Air (LCC) when I can on the link below.
Spreadsheet: http://goo.gl/UVT3dw
PS - Can SOMEONE please tell me what to do with B5, B6 & B7 Fields on this online Excel sheet, I think Carlos had talked about this but I have no idea what formula should be behind those fields (B5, B6 & B7). Can someone help out a little bit? :)
Carlos so this is correct then I think, if anyone has more they want me to add then let me know.
Not sure what to do with the other fields seen below.
B5
B6
B7
http://goo.gl/UVT3dw
Carlos
Yes I want the formulas right on each field, I showed examples, once I have it pretty much correct I can maintain it and others for everyone here.
Would be nice if someone can tell me which field should have what as a formula, we all should know how to use Excel, or at least many of us.
Carlos I Created this so we all can refer to it.
Anyone (Or You Carlos) who knows Excel can you please tell me which fields need what and I can edit to make this Excel file correct. I would just need someone to give me the code for each spot like...
Location B4 (fx) (is now) 1 should be -->
Location B5 (fx) (is now) 736.8 should be -->
Location B6 (fx) (is now) =.72*B5*B4 should be -->
Location B7 (fx) (is now) =B6*B4-7565 should be -->
Location B8 (fx) (is now) =B6*B4-7565/335.3 should be -->
http://goo.gl/UVT3dw
Idea: Someone create a docs.google.com Excel spreadsheet that's available to the public (here) for the correct conversions etc. for this whole scenario. It would be nice to have this Excel file online, that way anyone who asks you can just direct them to that link and they can save the page online for themselves.
From last post (news item): "According to the current value of US Airways, the new airline will have a forward P/E of 3, which is ridiculously low."
I expect LCC to increase in share price all the way through 2013-end and 2014, I expect the chart on LCC to stay at it's channel, thus $30.00 is easy goings now for LCC, and very likely to hit that target by December 31. IMO