Replies to post #301554 on Zeev's Turnips Patch-No Politics (ZEEV)

[marketmaven]

Steve; still holding DAL $7.50 and $5 puts- Oct strike?
(Sell side anal-ysts STILL worthless !!) Any read on this?

LEH-(DAL) 9Sept Reit 1-Overweight We still expect a pilot deal that buys Delta time to implement material non-pilot operating savings. However, in the absence of such an agreement shortly, bankruptcy is a foregone conclusion, in our view. This call is only for those with extreme risk tolerance. The shares could go to $0 in a matter of weeks at this stage, but we feel upside balances those risks.


Delta Air says Jeanne causes delays at Atlanta hub (DAL)
By August Cole
SAN FRANCISCO (CBS.MW) -- Delta Air Line (DAL) said Monday that it expects flight delays of 30 minutes to an hour because of weather from Tropical Storm Jeanne. The impact of the storm is expected to continue through the day, the company said.