Originally Posted by
Saabless
I did well off the AMR bankruptcy. I ended up making 80k off a very little investment. I was extremely lucky. Everyone called me an idiot for rolling the dice. It was all in my Roth IRA so I didn't have any tax consequences either luckily. I would say your odds are 50/50 since this bankruptcy will be more about restructuring debt and employee contracts. $700 for 1,000 shares could make you a bundle. Time will tell. Good luck!
50/50 eh? I'd say historically the common has been wiped out a lot more than 50% of the time. In fact, of all the airline bankruptcies in the last 15 years, AMR is the only one that I know of that turned out to be a lucky investment.