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LOL Last and FINAL! Who knows. Soon though.
Whatever the case it represents 1.8% of AAL’s ASM. That should not have brought down the PPS by 3.5%. Thy haven’t even been grounded. AAL has lost nothing in profits or revenue. But you would think they were the cause of the crash by the market reaction.
Yep. Can’t let emotions take over. Numbers don’t lie. This is inexpensive at this level.
5 PE, $8B in cash, $45B enterprise value, forecasted 40% EPS growth, does not equal $14B market cap.
It is not even equal with the other airlines which have similar numbers with the exception of their market cap.
There is no way AAL is worth over $20B less than DAL or LUV! That is irrational!
Agreed, P/E of 5 is just ludicrous cheap. At $45 it’s still undervalued!
It’s killing us all!
Not really! Sorry.
Good! Let’s get this over with already. It’s been over 5 years now!
I just want this finalized. I really get the feeling that AAL is being held back cause this BK is still not finished. It is so undervalued at this point and they have made a lot of money in the meantime. We need this finalized already.
So you had about 75k shares of AAMRQ? Nice!
I’d be cool with that. It would be about 550 shares for me. I was elated at the last distribution of .0432. IF we got another it would be THE final distribution. If not that one we got earlier this month would be the final one.
So far we got back .7872 back from our original shares. Not bad for an investment in a company in bankruptcy!
I hear you. But it can be done! LOL and I remember jumping all in on Eric’s announcement. Best decision of my investment life! Made me a millionaire!
Sold and bought this a couple more times and back in now at $34 avg. with 30,750 shares. Will patiently wait til $45 to sell again.
Long time no hear from you D! What you been up to?
Hey bro! Like I told you. Those shares are yours. They owe you those shares! Maybe you should drop a “my attorney says” comment. Maybe that will light a fire.
American Airlines looks to add Japan routes from DFW Airport https://www.bizjournals.com/dallas/news/2019/02/21/american-airlines-japan.html?ana=yahoo&yptr=yahoo
Olymics!
AAL had a reserved # of shares for law suits & to settle creditors claims after emerging from BK.
Leftover shares would be given to the AAMRQ shareholders. 17.5M of those were issued in this last distribution.
There are 7.2M left to cover a couple of outstanding cases. IF those cases are settled in favor of AAL then those 7.2M will be distributed to AAMRQ shareholders and that would be the last and final distribution!
If AAL loses we (AAMRQ shareholders that held thru merger) get nothing OR we get any leftover shares not awarded to the creditors.
That’s what I understand, but I could be wrong. Maybe some of the other guys here can correct me if I am off.
Back to test $37.
Yes. If oil settles down and/or they raise fare rates and pay down some of that debt. They have a $45B enterprise value yet current market cap is $16B. That is a ludicrous $30B gap and disproportionate when compared to all the other airlines.
If you go by market cap, the value of JBLU, SAVE, ALK, HA and AAL COMBINED are worth what DAL is worth.
No way AAL is worth $16B while DAL is worth $35B! So AAL is way way way undervalued at this price.
I sold all my shares about a year ago in the $50 range. Started buying back when it was at $36 before year end, now avg down to $34 and reloaded to my orginal number of shares. I will wait til $45-$50 range, then do it again.
Welcome! Looks like a lot of people are selling the shares they got today, which is a shame cause it brings the price down, when really this is currently undervalued.
Awesome! Thanks!
I have quick question for you soundguy. Are the shares in reserve that are used to cover these issues part of the 460M already outstanding shares? Or does the outstanding share count rise as they issue these to us and whoever else is awarded them?
There might be. It all depends on the last couple unresolved cases. So yes there is still a possibility of an additional distribution. And therefore we will continue to see AAMRQ dormant shares in our accounts until it is actually resolved.
Not yet. Probably by tomorrow.
Did you get those numbers from yahoo finance? I saw the same thing, but you also need to consider that the enterprise value also went up from $34B to $46B, and a lot of other sites still show the debt around $24B and they actually paid some off. Also, cash on hand is actually closer to $7.5B not $4.76B. Looks like those numbers are off somewhere. Like stock said they modified their approach to their numbers. BTW they have more cash on hand than UAL & DAL too. Their cash to debt ratio is actually better if I am not mistaken.
Thank you sir! Finally we get some more shares!
Looks like it’s on pause at $37! Waiting for next leg up.
Close at $32.04 is a good sign. They were buying it up all day at a steady pace, a little bit of a sell off from 12:52 to 1:40 then it picked right back up all the way to close. Sucks we are 4% down today but when you factor in that it closed $32.42 on Tuesday I'll take $32.04!
It did much worse on DAL's "guidance" than today.
I sure hope they have bought this back at the $30 level over the last couple months. If they went all in with the buyback money it would bring the share count down to 393K range.
Great job bro! Congrats and good for you!!! Wish I had done the same!!!
Down $1.5B in market cap cause they missed 4Q "guidance"? I don't know sometimes I think they are playing with the weak hands. Management knows that an "estimate" to the downside will bring a panic sell and I think they do this on purpose to buyback cheaper. Knowing full well that in 2 weeks they will issue the real numbers. But what do I know...
Can’t catch a break! Damn!
Speaking of moving on, we are up 4.2% and by far the best performing airline today, as was the case on Friday, up 3% more than 2nd place UAL!! Looks like the market is finally asking why we were at a 52 week low when jet fuel is at $1.60 and they are actually making Billions in profit!
That's what blows my mind sometimes about this "legal" system. This guys makes a company spend millions in legal fees to defend itself and then when the company "wins" it still had to waste millions to do it. How equitable is that?
It does sound like "Larry" has a ton of anger. But remember; "anger lead to hate, hate leads to suffering! (YODA voice). Larry sounds like a Sith Lord bent on destruction, but we all know how that ended. LOL
After ER, Maybe around mid February. That's my GUESS.
I actually lost ALL my hair since 2014 and I blame that ridiculous article that Seeking Alpha issued the day after AAL came out of bankruptcy. That and waiting for the 4 distributions in Jan, Feb, Mar and April then the last hairs fell out when people kept asking "Hey does anyone know when the final distribution will be?"...oh the good ole days. LOL
Now it's "Hey does anyone know when the DCR will be?" I forgot how much I love this board.
I agree 2 cute! Rock's been here forever and actually works for AAL flying around the World, lucky dog! He always has good info and has given us inside scoops of what is going on in the company with management and employees.
Yo! What up Rock? To answer your question about the after hours action. From what I understand, sometimes trades that were done earlier in the day get posted after hours for whatever the reason and usually when there is a lot of volume or big blocks of shares traded in a short period of time. So when you have a day when the PPS moves a lot you might see a price after hours for a trade that was done much earlier in the day.
And it works both ways.
Ever notice we have a day when, say we open at $36 and drop $2 closing at $34, but then AH you see a trade for $35.80? That's usually a trade that was done earlier in the day but was not posted until after hours.
Today we saw the oposite.
But if you notice, 8249 shares at $30.06 were traded after hours and 20 minutes later it shows up as "cancelled" then 20 minutes after that 8251 shares traded for $32.04.
"Brexit 2" The China syndrome! Coming to all the markets near you.
I actually threw the kitchen sink at this and I am all in, AGAIN! This is a cash cow if you play it right. Buy as much as you can. Don't wait for $29. This is cheap now and in 3-6 month or you will be rewarded.