AAL Stock Price
10-22-2018, 07:14 AM
#1
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AAL Stock Price
Made the mistake of buying airline stock a while back when AAL was at $52+ I am curious as to what the seasoned investors on this board think about the future of AAL stock and if there is a serious effort in place to get the stock price back up or if this is some sort of manipulation. Never again! Parker gotta go!
10-22-2018, 08:54 AM
#3
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Originally Posted by wolfmanpack
Made the mistake of buying airline stock a while back when AAL was at $52+ I am curious as to what the seasoned investors on this board think about the future of AAL stock and if there is a serious effort in place to get the stock price back up or if this is some sort of manipulation. Never again! Parker gotta go!
10-22-2018, 09:29 AM
#5
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Originally Posted by 123494
Sell it. Take the tax hit if it's in a taxable account. Buy an ETF or index covering the total stock market.
Best Case:
Last time AAL was $52 was March 2018, now $32.40....38% loss
SPY (sp500 ETF) was basically flat since then....
Unknown is AAL earnings, if inline/ahead of industry may get a nice bump. If lagging industry returns, stdby for some more pain.
Remember the timeless quote from JP Morgan back in the very late 1800's: When asked what the stock market was going to do he said the only thing he knew was that "stocks tend to fluctuate"!
10-22-2018, 09:48 AM
#6
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I posted this in another thread but I think it's applicable here as well.
https://seekingalpha.com/article/420...es-beaten-pulp
https://seekingalpha.com/article/420...es-beaten-pulp
10-22-2018, 10:27 AM
#8
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Originally Posted by wolfmanpack
Made the mistake of buying airline stock a while back when AAL was at $52+ I am curious as to what the seasoned investors on this board think about the future of AAL stock and if there is a serious effort in place to get the stock price back up or if this is some sort of manipulation. Never again! Parker gotta go!
Like earlier poster said:
1. Not wise to trade in airline stocks.
2. Not wise to take investment advice from pilots!
10-22-2018, 11:15 AM
#10
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Earnings have been averaging $5-$6, a multiple of 10 (generous for an airline with little growth IMO) yields $50-$60.
What was your thought process with buying it at $52?
You can make money on airlines, you just have to be a bit lucky and buy at well under current fair value. I made $150k off Spirit (SAVE) this year for example.
I don't see $50/share for some time and only if oil settles down, which with Iran capacity coming down later this year I personally see it only going up. It's possible it will fall into the 20's. Are you prepared for that?
What was your thought process with buying it at $52?
You can make money on airlines, you just have to be a bit lucky and buy at well under current fair value. I made $150k off Spirit (SAVE) this year for example.
I don't see $50/share for some time and only if oil settles down, which with Iran capacity coming down later this year I personally see it only going up. It's possible it will fall into the 20's. Are you prepared for that?
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