UAL trading at $43
#1
UAL trading at $43
In "pink sheet" trading UAL (NASDAQ UAUAV) is trading at $43. I think A LOT of shares will trade hands next week.
http://quotes.nasdaq.com/asp/summary...selected=UAUAV
http://quotes.nasdaq.com/asp/summary...selected=UAUAV
#2
Gets Weekends Off
Joined APC: Aug 2005
Position: tri current
Posts: 1,485
Originally Posted by WatchThis!
In "pink sheet" trading UAL (NASDAQ UAUAV) is trading at $43. I think A LOT of shares will trade hands next week.
http://quotes.nasdaq.com/asp/summary...selected=UAUAV
http://quotes.nasdaq.com/asp/summary...selected=UAUAV
Yes, but look at UALAQ.OB to see what will happen to the new stock in time. I can't see UAUAV as a good investment until they show some profit. Maybe that is what you mean, if so, nevermind.
Typhoonpilot
#3
Originally Posted by Typhoonpilot
Yes, but look at UALAQ.OB to see what will happen to the new stock in time. I can't see UAUAV as a good investment until they show some profit. Maybe that is what you mean, if so, nevermind.
Typhoonpilot
Typhoonpilot
I agree that almost ALL airlines are bad investment, but there is some short term money to made in the trades as the stock open on Wed.
#5
I believe I read where they need $50 bbl oil to be profitable. Maybe Hastert can pull a few strings again in that area. If the price of oil does fall to around 50, I think AA and CAL will be profitable also. Bodes well for everybody.
#6
Gets Weekends Off
Joined APC: Aug 2005
Position: tri current
Posts: 1,485
Originally Posted by HSLD
Yep, the UALAQ.OB shares will be canceled, if you have 'em...it's time to sell everyone! The $17B loss is shedding the debt from the old company (on paper). The creditors of the current company will be paid in the range of $.04 - .09 cents on the dollar in stock of the new company. UAL will show a profit in 2006, IMO. In fact, I think they'll show some strong profits.
TP
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