Originally Posted by
johnso29
I'm not a stock/market junky, so this isn't a sarcastic question. Would you really want to buy AMR right now? I could see your point WRT SWA, but AMR I'm not sure about. Unless you buy them cheap betting that they'll come out solo and make you some money?
Only an idiot would buy AMR. When they exit BK, the stock that is now out there will be worthless, and new stock will be issued.. just like DAL.. just like CAL was back in the day... etc etc... Buying a BK stock is a trade, but the waters are deep and dangerous. Since AMR is only worth a few pennies, you would have to invest a TON of money to make it worthwhile.. and what happens if the stock is zeroed out while you are in.. or drops a few cents... there is little upside for the retail investor