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Posted: 12/10/2002 7:32:12 PM EDT
bought a barrel full of this yet besides me? Talking about a hedged bet...... $.94 a pop? Where is Lord Trader when you need him.
Link Posted: 12/10/2002 7:56:18 PM EDT
Unless they get their costs down to about 8 or 9 cents per passenger mile, your money was wasted - you shoulda bought Walmart (WMT).
Link Posted: 12/10/2002 8:04:00 PM EDT
Hey, it's up 15% today. But at $1.07 it's a far cry from 1998 when it was close to $100. I hope the employees had diversified 401ks.
Link Posted: 12/11/2002 3:01:42 AM EDT
Aviation is always a feast or famine, I still believe that UAL will be around for a long time. UAL has alot of money pits and the unions are causing much of the red ink. Thats why uncle sugar wouldn't promise the 1.8 billion. Look, back in 1994, when the works gave up 25% pay cuts, that gave the co. 4.9 billion in operating expenses. If #2 goes, so goes the economy.....and that won't happen. Unions, don't you love them......not. Still think it's a safe bet for gambling man. Just look at the buying power versus' the risk.
Link Posted: 12/12/2002 2:15:39 AM EDT
Link Posted: 12/12/2002 2:44:51 AM EDT
sherrick13, You wont ever get your money back, take the doller a share now! Do you really expect a 1100% increase! HELL NO. cut your losses like you should have a LONG time ago, take your cash you get and buy your buddies a round of beer and call it experience.
Link Posted: 12/12/2002 2:51:38 AM EDT
oh yea BTW when they finish going to chapter 11, your shares go into thin air. If you own greater than $3000 worth sell now!, and claim the losses up to $3000 on your taxes. However if you do hold on to them, you can write them off in your next tax season as "worthless shares", up to $3000, call your tax man to get this break. [<]:)]
Link Posted: 12/12/2002 2:54:03 AM EDT
Originally Posted By hbarski: Aviation is always a feast or famine, I still believe that UAL will be around for a long time. UAL has alot of money pits and the unions are causing much of the red ink. Thats why uncle sugar wouldn't promise the 1.8 billion. Look, back in 1994, when the works gave up 25% pay cuts, that gave the co. 4.9 billion in operating expenses.
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If you are really that ignorant, I truly hope no one is foolish enough to take ANY advice from you. UAL is bleeding money and was denied a federally gauranteed loan because of their financially unsustainable business plan. Do you actually follow the news or just make it up as you go along? [:rolleyes:]
Link Posted: 12/12/2002 3:00:24 AM EDT
UAL was loosing money on unprofitable routes and, of course, the union's refusal to take a pay cut has a lot to do with it. If they get rid of the unprofitable routes (which may be problematic for certain business travelers) and the union will tolerate a 10% cut, or at least a freeze, they have a good chance of becoming profitable again.
Link Posted: 12/12/2002 3:58:02 AM EDT
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