American Air’s $1 Price Target at Evercore Implies 92% Collapse

Re:American Air’s $1 Price Target at Evercore Implies 92% Co... by fennecfoxen on Tuesday May 05, 2020 @08:51AM (#23079457)

Obligatory joke: How do you make a million dollars in the airline business? Well, you see, you start with a billion dollars...

(real talk, who actually buys these stocks? they keep going so very bankrupt...)

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Re:American Air’s $1 Price Target at Evercore Implies 92% Co... by paulie_a on Tuesday May 05, 2020 @09:01AM (#23079541)

The last time I bought AAL I profited heavily after they announced bankruptcy. They were pink sheet eventually and went from 17 cents to 12 dollars in a matter of a few years.

If that happens again with most airlines I personally will put as much in as I can and wait for a merger after a bailout

Edit to be fair I profited heavily based on an original buy that was 70 dollars total

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Re:American Air’s $1 Price Target at Evercore Implies 92% Co... by bitcoinmoney on Tuesday May 05, 2020 @09:07AM (#23079595)

Which airline stocks are you eyeing for?

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Re:American Air’s $1 Price Target at Evercore Implies 92% Co... by paulie_a on Tuesday May 05, 2020 @11:44AM (#23081260)

United, American airlines and delta. Maybe Southwest and JetBlue, I wouldn't be all that surprised if they get bought up when the dust settles.

These are my picks because they may go bankrupt but they will get a bailout or cash infusion like always. They are not going to cease to exist.

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Re:American Air’s $1 Price Target at Evercore Implies 92% Co... by bitcoinmoney on Wednesday May 06, 2020 @12:15PM (#23092728)

At what price target are you going to buy them? And will they still be available in traditional brokers: vanguard/Fido/schwab when they tank all the way to 50cents?

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