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Someone posted info on this topic in the +.10 forum but got no response so I was wondering if anyone had any thoughts on United Airlines UALAQ. It's trading around 1.11 and claims it will emerge from bankrupcy this year. Seeing where this stock has been i was thinking about throwing some money into it and holding but i don't know if i want to tie up my funds.
some people were talking about difficultie registering with allstocks and i wrote the webmaster but i got an email back saying my letter was undeliverable.
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last i heard they will emerge from bankruptcy, but will cancel all common stock. gotta love companies like this.
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I have been following Delta and USairways. They seem way overprice for companies bleeding red with no end in sight. Got to say the same for United. None should be over a buck.
If you ran a corp. with billions to loan would you give these airlines a loan? I wouldn't. Maybe they will get back on that communist thing and ask Bush for another 10 billion and then not pay it back while saying they are run best without government regulation. Yeah except for the corporate welfare part.
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