Originally Posted by
5and20
yeah the worst thing you can do is invest money in an economic downturn in your own airline. Lots of guy at United tried that after 9/11 ended up losing life savings and their job.
united traded at $10.38 2 months after 9/11. Today it’s at $48. 2000 share purchase then would have quadrupled your investment 19.5 years later . That’s after the Great Recession, bankruptcy , $5 gas and dragging someone off a plane PR fiasco... people can run for the hills now .warren buffet is right . Solid companies with solid balance sheets , are prudent investments. Especially at these prices.