View Single Post
Old 03-11-2020 | 09:26 AM
  #76  
FlyGuy2002
Line Holder
 
Joined: May 2015
Posts: 490
Likes: 41
Default

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.
Reply