Originally Posted by
chrisreedrules
October is traditionally a more volatile month than others but some experts are predicting the beginning of a bear market. And Wall Street is certainly spooked about AAG’s debt and earnings.
They are the same experts who have been predicting it for the past 5 years. Eventually they will be right.
Not to say it's not happening, but "Wall Street Expert" is pretty much an oxymoron.
AA is rolling in cash, and they have borrowed at a very cheap rate. Almost all of their fleet renewal is funded. They are in a very good place right now.