[QUOTE=REAL Pilot;548902]
Originally Posted by
Boogie Nights
Market capitalization/capitalisation (aka market cap, mkt cap or capitalized/capitalised value) is a measurement of corporate economic Wealth size equal to the share price times the number of shares outstanding of a public company. As owning stock represents owning the company, including all its assets, capitalization could represent the public opinion of a company's net worth and is a determining factor in stock valuation.(quote)
Probably only in Econ 101. If it was an accurate measurement, then these stock prices need to at least go up 100%. Most legacys have more cash in the bank than their market cap states. But this is the danger of the infamous "leveraged buyout" that Lorenzo and others perfected.
Carpe Diem
You beat me to it. DAL's cash on hand is slightly more than $6 billion. Thank God the hedge funds have no capital to do anything. From a stock standpoint, this indicates supremely undervalued prices. However, given the market and uncertainty it would be risky to do any investing in airlines. However, if you have some cash and are willing to gamble, there could potentially be some very good buys right now.