DL Chap 11 NOT AS LIKELY--near term

[General Lee]

J.P. Morgan Securities overnight raised its rating for troubled Delta Air Lines (DAL: news, chart, profile) to neutral from underweight, telling clients it expects the "near-term Chapter 11 probability (is) declining quickly," or down from 85 percent to 30 percent for the airline.





Well, now I would like to know if there is an agreement(a TA)......



Bye Bye--General Lee

 

[jobear]

Hey Lee,

Put that in enlish for those of use averse to politicalease

Jobear

 

[ShadowFlight]

Hey Lee,

Put that in enlish for those of use averse to politicalease

Jobear

More like financialese...

Basically means the stock is, more or less, underperforming now that the likelihood of bankruptcy has dropped from 85% to 30%.

Which, for you, means you may get to keep those 328 CA shoulder-boards!!!

Peace

SF

 

[ATR-DRIVR]

Seems to me he put it pretty clearly....you no habla english?

 

[Zipperhead]

Good, I bought 1000 shares of Delta stock at around $3.00, as I am always saying I wish I would have bought XYZ stock when it was way down..........Maybe I'll finally make some money on the deal....



Good luck boys!!!

 

[SpeedBird]

It looks like the catalyst for this turn-around is due to an agreement with AMEX to essentially borrow more money to carry the airline through the next few months. Nothing like adding more debt and tying up more "assets" (I didn't know there were any still left) to keep the "house" warm, but really not much else to do.

Here's a news link with more details:

http://biz.yahoo.com/prnews/041025/clm077_1.html

 

[sleepy]

They basically got a cash advance from American Express. I wonder what interest rate they are paying? My guess is around 26%.

I hope they used their Sky Miles Amex Card to borrow the money, that way they can earn some more of those useless Sky Miles that can almost never be used.

 

[General Lee]

Sleepy,


What does your "source" say about all of this? You know, the front door guard at the G.O.........



Bye Bye--General Lee