Stocks

[aj26]

can some one explain how aamrq shares and lcc shares will be converted to aal?
What prices are used when this happens?

[fc]

market value dilution, for example if you have 3000 dollars in $5 stock (600stocks) you will keep the same value if it becomes a $10 stock, just half the amount of stocks, in this case 300

[eli1571]

can some one explain how aamrq shares and lcc shares will be converted to aal?
What prices are used when this happens?

every aamrq share will become .06 of an aal so about 70 shares of aamrq will be 5 aal. which is giving you about .40 mfor the aamrq share when the last close was at 11.39.
i'm sure we'll be seeing a lawsuit against that.

[yos9694]

every aamrq share will become .06 of an aal so about 70 shares of aamrq will be 5 aal. which is giving you about .40 mfor the aamrq share when the last close was at 11.39.
i'm sure we'll be seeing a lawsuit against that.

No you won't. People who bought AAMRQ mostly didn't know what they were buying, and will probably get burned. No one will pay them for their investing mistake. The way that stock price moved it seemed like people thought its value was based on American Airlines coming out of bankruptcy as an airline. They were dead wrong, and I said so all along. I think the pre-bankruptcy shareholders are lucky to be getting anything at all, and certainly no one owes them anything equivalent to the over-hyped speculative values that we saw in the past few months. A value of $1-$2 per share is better than most bankrupt owners usually get.

Those who were in and got out had a good run. I feel sorry for everyone who didn't get out in time. And for those who didn't jump in to at all because they didn't understand what AAMRQ was, good for you.

[eli1571]

No you won't. People who bought AAMRQ mostly didn't know what they were buying, and will probably get burned. No one will pay them for their investing mistake. The way that stock price moved it seemed like people thought its value was based on American Airlines coming out of bankruptcy as an airline. They were dead wrong, and I said so all along. I think the pre-bankruptcy shareholders are lucky to be getting anything at all, and certainly no one owes them anything equivalent to the over-hyped speculative values that we saw in the past few months. A value of $1-$2 per share is better than most bankrupt owners usually get.

Those who were in and got out had a good run. I feel sorry for everyone who didn't get out in time. And for those who didn't jump in to at all because they didn't understand what AAMRQ was, good for you.

i beg to disagree, had they actually gone bankrupt u would be right but since they merged their shares should also join at full rate. on AA's site they say they will re'evaluate the price of AAL shares at day 30 60 90 and 120 and might give some more to all previous AAMRQ share holders

[yos9694]

i beg to disagree, had they actually gone bankrupt u would be right but since they merged their shares should also join at full rate. on AA's site they say they will re'evaluate the price of AAL shares at day 30 60 90 and 120 and might give some more to all previous AAMRQ share holders

Maybe I need to get reading glasses, but did you just imply that AMR did not go bankrupt? Upon emerging from bankruptcy anything goes. If they had liquidated instead of emerging chances are shareholders would have gotten even less. I'm not understanding what basis shareholders have for a lawsuit, this is actually a wonderful outcome for them (keeping aside how individual traders may have done based on their entry/exit points).

[Davidp]

Guys, check out Cameco (ticker CCJ) it's one of the biggest uranium mining companies in the world and is in a clear path up. The uranium business is picking up tremendously after the Japanese disaster and I believe it's a great stock. Let me know your thoughts.

[aryeh1]

shouldn't apple be going up as they have now a contract in china?

[Mark F]

Is Hilton a buy?

[Centro]

Is Hilton a buy?

Its a stay

[MAJ]

shouldn't apple be going up as they have now a contract in china?

most people expected this to happen, so it was pretty much already included in the price

[Ergel]

most people expected this to happen, so it was pretty much already included in the price

+1 aapl reacts to rumors more than to actual news

[puddles]

shouldn't apple be going up as they have now a contract in china?

already priced into the stock.

[MAJ]

anyone following whats happening to afsi today?

[Davidp]

Tesla is very strong today!

[Am]

anyone following whats happening to afsi today?

geoinvesting, the website that correctly predicted the fall of YUII due to questionable accounting practices released a statement questioning AFSI's accounting practices

[bubble347]

anyone following whats happening to afsi today?

One major  share holder purchased 6 million+ in shares today to show their confidence.
http://tickerreport.com/banking-finance/89670/amtrust-financial-services-major-shareholder-leah-karfunkel-buys-209772-shares-afsi/ 

[eli1571]

any recommendations for good penny stocks ?

[fc]

check out ETAK

[yos9694]

One major  share holder purchased 6 million+ in shares today to show their confidence.
http://tickerreport.com/banking-finance/89670/amtrust-financial-services-major-shareholder-leah-karfunkel-buys-209772-shares-afsi/

Yikes. "Unzerer" is a major shareholder? AFSI is a holding company for a personal piggy bank casualty insurance company with its accounting integrity in question. Deja, deja vu. Unfortunately, only one way this plays out comes to mind. Hashem yirachem.