LUV stock drop
02-03-2008 | 09:14 AM
#1
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Gets Weekends Off
Joined: Apr 2007
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LUV stock drop
looking for some informative advice on why the stock has dropped over 30% in the past year, LUV is still making money and looks to be weathering the oil debacle, just curious, did the street lump in LUV with all the other transports because of the model becoming the norm and lose faith in the company or was the price inflated and this is where it will stay..please no contemptful post I own stock in the company and are really looking for some info.
02-03-2008 | 09:16 AM
#2
Che Guevara
Joined: Aug 2005
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fuel hedge concerns coupled with general fear of the market. I sold all my shares and bought boeing. No reason to sit on sinking money when BA is on the rise. At 83 predicted to be 103 in a year. I'll sell at 95 just to be safe.
02-03-2008 | 10:44 AM
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Gets Weekends Off
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From: Left Seat, Toyota Tacoma
02-04-2008 | 11:28 AM
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Line Holder
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From: B-737 F/O
02-04-2008 | 01:33 PM
#9
Gets Weekends Off
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From: Sabre 60
I thought that in the beginning of 2003 (5 years ago) when the stock market was at the very bottom from the last recession. I was wrong! Currently Southwest's stock is slightly lower than it was at the beginning of 2003. Boeing, however, was at $32 a share and is now at about $90. Southwest has just kind of stood there.
I personally would not tie my money up in Southwest stock. I think they are a good company that will continue to be successful, but for some reason, that does not always translate into rising stock prices. (Southwest has made well over 1 BILLION dollars since 2003, has been the most successful airline, and future prospects look good, yet their stock is still flat)
02-04-2008 | 01:45 PM
#10
Gets Weekends Off
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From: B-737
I thought that in the beginning of 2003 (5 years ago) when the stock market was at the very bottom from the last recession. I was wrong! Currently Southwest's stock is slightly lower than it was at the beginning of 2003. Boeing, however, was at $32 a share and is now at about $90. Southwest has just kind of stood there.
I personally would not tie my money up in Southwest stock. I think they are a good company that will continue to be successful, but for some reason, that does not always translate into rising stock prices. (Southwest has made well over 1 BILLION dollars since 2003, has been the most successful airline, and future prospects look good, yet their stock is still flat)
I personally would not tie my money up in Southwest stock. I think they are a good company that will continue to be successful, but for some reason, that does not always translate into rising stock prices. (Southwest has made well over 1 BILLION dollars since 2003, has been the most successful airline, and future prospects look good, yet their stock is still flat)
On the other hand, SWA has announced a stock buy back plan which should help the situation.
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