resistance
Well-known member
- Joined
- Feb 17, 2003
- Posts
- 56
Sometimes I think pilots are the worst investors when they do it themselves.... Gentlemen (and ladies) may I make a short statement from Business 101...
Do not buy ANY shares of ANY company that is currently under Chapter 11 or Chapter 7 rules of the U.S. bankruptcy courts. These shares will continue to trade either on the open market or small fund trades but the shares will be cancelled if the company amerge from the courts. So if you by United or Kmart at 1 dollar it will be worth $0.00 when the new shares are issued.
Finally I think if you invest in any airline you are an extremely aggressive investor and have to look at the entire history of airline stock value and/or balance sheets. In general (history proves) that all airlines are not profitable due to far too many uncontrollable factors ie. fuel costs, labor cost, crashes/maintenance A.D.'s etc. It takes an investor with a strong will and a strong stomach to put their money into airline stocks. Anyway talk to an investment advisor before buying anything...
Do not buy ANY shares of ANY company that is currently under Chapter 11 or Chapter 7 rules of the U.S. bankruptcy courts. These shares will continue to trade either on the open market or small fund trades but the shares will be cancelled if the company amerge from the courts. So if you by United or Kmart at 1 dollar it will be worth $0.00 when the new shares are issued.
Finally I think if you invest in any airline you are an extremely aggressive investor and have to look at the entire history of airline stock value and/or balance sheets. In general (history proves) that all airlines are not profitable due to far too many uncontrollable factors ie. fuel costs, labor cost, crashes/maintenance A.D.'s etc. It takes an investor with a strong will and a strong stomach to put their money into airline stocks. Anyway talk to an investment advisor before buying anything...
