Originally Posted by
acl65pilot
Our EPS last year put the stock in the 30 dollar range. Wall Street is finally starting to realize that airlines have found a way to make money no matter what fuel is. As soon as they realize they will make money with labor costs rising the stock will take off.
Our current price as well as the entire sectors, is basically indicative of a no confidence vote. When the companies prove that they actually can turn a profit quarter over quarter, the stock will react in kind.
But dont they often adjust the numbers to suit thier need when reporting profit, like taking one time stock adjustments for revaluation, or paying down debt to still show losses, while actually making gains?
With contract impending in 2012, what incentive do they have to actually report profits correctly? And does that not drive the price of the stock at least short term when the quarterlies are reported? I think the upside is good, but not for at least 5 years...post contract to about 20 ish range. Of course its all a guess, my crystal ball is in the shop right now for repairs. ...... Although I am still in with stock from the merger so far.