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John Paulson Is Not An American Airlines Investor... But Here Are The Top 25 Holders Who Have Gotten Crushed Today
As most know by know, a flurry of rumors that American Airlines may be on the verge of bankruptcy not only took down the stock by about 40% at one point today, but was halted around 6 times following repeated consecutive circuit breaker triggers. Yet none of that is material at all to the biggest holders in the stock, and especially those analysts at their companies who recommended AMR, and are all about to be summarily sacked. While John Paulson is not an investor in AMR, other "balls to the wall" funds like Appaloosa, with 5.6 million shares, are. Below is the full list of top 25 entities losing about a third of their notional on AMR today.
Source: CapIQ
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I'm sure everything over at AA is fine.
Short anything with the word "American" in it!
Short "ANYTHING" unless it has the word "3X Bear" in it!
What's the big deal? Sure The Big O will bail out American Airlines?
Oh, I forgot, it's not a bank.
As long as the workers are unionized, it's too big to fail.
The whole airline industry has needed a lobotomy for 30 years. These guys are the most consumer unfriendly industry going. I'd rather deal with the DMV.
Mission accomplished!
T-S-A!
T-S-A!
T-S-A!
no way, im long american idol. that show rocks.....
BRING BACK THE BREASTS PLADIZOW!!!!!!!!!
I concur with the latter,
I miss those remarkable knockers.
Check these out:
http://photos.freeones.com/k_babes/Karina_Hart_007/html/photo_004.shtml
what wonderful wit. I'm after spilling my drink, because of uncontrolled laughter
AA is lining up for their bailout--cheers!
Since 1980, the airline industry has not earned back the cost of capital during the best of times. Conversely, in bad times losses can be dramatically worse. Warren Buffett once said that despite all the money that has been invested in all airlines, the net profit is less than zero.
Another industry where executive bonuses are private but business depends on socialism from government aid.
Failed privatization.
Btter yet .If you add up all of the profit and losses in approximately 90 years ,the airline industry as a whole has lost money
ITD the airline industry is a loser. It has been subsidized from day one. Why is that?
Military Industrial Complex. The Airline industry has been subsidized as a way of subsidizing the Aeroplane/Aerospace industy, which are also involved in making missiles, bombers and fighters.
Bingo.
As long as the Clintonian definition of 'fine' is, well, clintonian.
Almost ten years to the day that the bin laden family shorted scads of AA (and UAL) through DB and andy card wisperered the high score to a quizzical bush 43.
Good to see Vanguard running 4th. I notice they're top holders of SPG.. but at least SPG is a good shelter from the coming storm.
It's very sad to see the Bogle interview last week when the interviewer asked him about the stock market, he responded,"you must be in the market...."
Sad to see him detoriate this way. I really like him and his book but he is past his prime....still hung up on "fundamentals" instead of HFT, derivatives, etc where the action is.
It's ok, they all got stopped out at 2.80.
Blackrock seems to be picking some real losers lately. Interestingly, my (ex) broker called me last week recommending airlines opining that the will "rake in the profits" because of low oil prices.
Glad I fired him two years ago when he recommended Lehmans, WaMu and BAC.
Are you kidding me!? You've got a gold mine dude! Just short the ever-living fuck out of everything he recommends you buy.
Problem solved.
Agreed. SOunds like he has his own personal Cramer. I'd buy that for a DUHlar.
These are the people we bailed out, so that they can continue to practice their incompetance.
Anybody else notice Morgan Stanley Investment Banking high on that list.....wow
I am sure that 140+/- Pilots that shook out w/early retirements, locked in profits are some REAL happy campers today.
Glad they won,their profits and savings are GUARANTEED fixed for (I think 40 days),so they can cash out both plans fully vested.
Not losing a dime.
Not even Sullenberger can land this flight safely.
High five to the geniuses at Ohio Teachers. That won't hurt at all, when Ohio still has to pay those god damned pensions at par.
Only if Ohio actually ends up paying those pensions!
"IF" they pay them, indeed. It wouldn't be the first time in the US that bankruptcy proceedings permitted a politically well connected company to shirk its obligation to secured debt holders, and therefore screwed pensioners:
http://www.cato-at-liberty.org/the-real-story-behind-the-chrysler-bankruptcy/
My dads a retired school teacher, from ohio no less ;-(
There goes my inheritance .. lol
According to the graph they liquidated most of their position recently as did Fidelity. I guess a blind squirrel can find a nut once in a while.
So when do we start firing off circuit breakers when individual stocks cross thresholds? that is the new warfare Ben is going to be playing with pellet guns henceforth now that he has lost all other munition, a hand, a leg, common sense and sleep
Riskalyze.com said to go to cash. Gracious. Fidelity looks like they know what they are doing, notice that they drastically decreased positions.
don't be too sure. they still have mm funds in euro skanks. just lucky this time.
State Teachers Retirement System Ohio. :-(
It's difficult to experience Schadenfreude with that on the list.
too bad for them....looks like they need to go back to school and learn that 2+2 doesnt = 5
When the plane is going down remember to put your oxygen mask on first.
Why? Because oxygen gets you high.
With adequate O2 your brain will be functioning with crystal clarity as you watch the ground approaching.
Cue TOTUS speech in 3, 2, 1 on why an Airline(s) stimulus package is needed like...yesterday.
No need for a speech. Just increase the subsidies already in place.
looks like the walls are closing in everywhere, there is no safe havens left
Gold
Safe havens are the items you can acquire that have inherent value. Sure value may drop when priced in terms of fiat but they will have value and utility to others at all times.
I've stuffed a crawlspace above my garage full of new diapers. I have no kids. These things will trade like nothing else, I'm thinking...
genius!
people used to think that TP was going to be traded like nothing else, but I guess that people can always wash their asses with water from the well.
It's very difficult to go back to the traditional diapers that you re-use after getting used to the luxury of single-use diapers!
r u planning for old age out of control leak control via diaper aid?
My first child is due in January, please send me your paypal information.
Very similar to FRNs except you can't eat them. At least I don't recommend it.
Buckle up folks, get ready for an emergency landing...
There goes another few thousand jobs. Brilliant.
lots of pros on here, capital IQ, bloomberg... i just have TD Ameritrade & yahoo finance.
american airlines...is delta and southwestern next on the line...?
oh look, airline lipstick!
Last I heard Southwest was actually profitable. They do a good job!
And when you call up to get help you connect to a friendly housewife in Utah working at home not someone from Bangladesh in a call center. I once had the comparison of calling Southwest and DirecTV for help on the same day. What a contrast!
Gonna have a hard time paying for that $90B in planes http://www.msnbc.msn.com/id/43822888/ns/business-us_business/t/american-places-massive-billion-jet-order/
Good point, in teetering on the edge of the pit, American is pulling Boeing and Airbus down with it. The biggest jet order in aviation history is going down the crapper. There's going to be big layoffs and underperformance in these companies.
Too many old timers past their prime still controlling huge amounts of capital. It is time to clear all that underbrush.
Bingo!
"Stocks for the Long Run."
HA!!!!
"Buy and Hold"
HA!
Double post but then ill expand on the fact that they are conditioned to maintain the status quo TM even though investment logic and fundamental analysis points that it is not a winning bet anymore. Gross misallocation of capital
Shit bitches, these holders are going to need the real AA after today.
Hey, Bank of New York, how are your Mellons smellin'...
One of my Peace silver dollars just winked at me. I swear.
It wants to be fondled.
Be careful. Generally, if coins are "spotted" they are devalued.
Only if you are collecting for Numismatic or "collector value" as it relates to condition. If you are holding them for the underlying PM content 90% silver, the condition doesn't matter.
Oh my...one of my Morgans just smiled at me.
I think this chart I just made says it all:
http://tinypic.com/r/241mv6c/7
From Forex TV "American Airlines has been the only major carrier to not enter bankruptcy protection in the past decade. As a result, the airline has the highest operational costs out of all of the major carriers."
So going into bankruptcy makes you more competitive? Something Greece needs to think about...
Delta, United, USAir, America West, and Northwest all declared ch. 11 wiping out creditors and shareholders alike. The unions of AA all came together voluntarily with massively concessionary contracts in 2003 to avoid bankruptcy which in turn protected the share holders and creditors. It wasn't enough though because the rest of the carriers got even more savings during their bankruptcies. Now they are stronger.
Funny how corporate America rewards failure and even encourages it. Maybe if AMR followed their lead and wiped out the creditors, shareholders and took more from the employees this time, they would get the same respect reserved only for those airlines who were so eager to do so over the last decade.
has southwest ever declared chapter 11...nope
it might be the poormans airline but they got it right and don't screw their customers
plus you can get on a 1 way for $50 when flights aren't full...they know to put butts in seats and don't elete status and heirarchy bs
"Crushed?" That doesn't seem like nearly a strong enough word. Right about now, a lot of people are reaching for that waxy little bag in the seatback in front of them.
Support from 2003 @ $1.25. No doubt that will hold. Cramer will guide us as to when to go long on this.
jk.
Gee I thought the crappy service they were providing and the airline's blatant incompetence when it comes to baggage handeling would have been easy to turn a blind eye to but I guess following fundamentals is of greater importance. But oh no. Wallstreet investing according to fundamentals???? Who would have thought.
TD - are all of these investors for PUBLIC EMPLOYEE UNIONS? Are taxpayers going to be on the hook for these stupid investments?
wait till CALPERS starts to wobble. you aint seen nothing yet. their intelligent number crunchers are banking on over 7 pct gains a year just to stay alive....woooopssss
just confirm to me..Calpers is the pension fund of california's retiree state employees? One of the biggest pension funds.
yep...one of the biggest but not the brightest
more lipstick.
Morgan Stanley and Citibank have 5 million between them.
What do you want to bet that Republicrats and Demicans agree to bail out "a great American company" along with their crony banks, insurers, and hedgies while yet again selling the American family farther down shit river.
I'd bet the Occupy protest gets bigger
corporate america maximises profit even if it means outsourcing. The NEW paradigm will have to maximise social harmony and increasing the part of labour in the new profitability paradigm...Just a clue...Jefferson called it 'the pursuit of happiness'...the Kingdom of Bhutan has included it in a new measure of national production : Gross domestic happiness index. As opposed to GDP. Think about that. Making labour and return on labour a measure of "profit" and "profitability"...not in YOUR pocket, but in that of your fellow countrymen....ask not what your country does for you but...that way you make a new type of millionaire, a new type of WB, who doesn't own billions in USD, sterile fiat, but in billions of dollars of happiness index...a new measure of social recognition scale. Unknown to current WS shills.
Contrary to the current economic paradigm it doesn't have to be based on debt slavery!
BAC off the lows
Bob back on the glue.
Oh stfu, I was being sarcastic.
Off the lows by 4 cents
Sorry, Bob.
You're grumpy when you huff.
You're amusing...
that Elmers really has me spun
long BLUESTAR Airlines baby causes I am a winner,
Just think what's gonna happen when one of their flights flies into the Sears Tower. Has the CIA been accumulating AA puts again?!
It's amazing how SWA can hedge crude positions, and ( AA), can't get a grip on some WTI? Hell they have a huge hub in DFW. They can't put together crude and refining @ WTI prices and undercut the the Brent spread?
I thought they may be the (F) of airlines, and unfortunately was wrong. Only the extremely wealthy buy airlines. (I guess)? How in the heck do you keep 655 aircraft in the air with (2$) stock? Not to mention the 566 orders on the books? Ref; http://en.wikipedia.org/wiki/American_Airlines
ya keep them up in the air with credit, Y/C!
they just sold 3/4 $ Bil in collateralized bonds. last week. but AMR's borrowing is not of the "healthy" variety, as they talked of "bankruptcy restructuring" during the bond sales!
I have never owned a share of American Airlines, or any other Airline. I was simply presenting a comparison. Airlines are like diapers. You shit in the seats and recycle them!
because AA does not have cash on hand to hedge because cash flows are so tight with low profit margins
the aircrafts are also leased.
Are you serious? AA has billions on hand to spend, and they can collateralize it @ next to nothing if they want!
Is this what is called moron portfolio theory?
she goes home, the evidence is non existent just like CA
called it :)
Then there is this
http://www.zerohedge.com/article/airline-stocks-could-be-ready-take
OMG! That was funnier than the "Ben Bernanke Was Wrong" videos on youtube! I loved this part especially:
<<I would vote for the airline that has been least adept at hedging its forward fuel needs through the futures market. That would be American Airlines (AMR). That means they will hurt the most now, but rake it in the most on any oil price pull back. And even if the decline in fuel prices turn out to be modest, a recovering US economy should boost profitability, given its recent maniacal pursuit of controlling costs. Just the missing pretzels alone should be worth a few cents a share in earnings.>>
He wrote that last March. Wrong. Wrong. and WRONG!
I hedged this by buying a push pull aluminum weld feeder a couple of weeks ago--figure that Alum will go lower and I can build that house boat I've been wanting --double diget returns on that play i'm hoping-- luck has everything to do with it.
Such a shame, if it weren't for the damned TSA (radiate while molesting) I'd book a bunch of AMR flights right now. fuck TSA
No wonder you're upset. She's lovely. And a darling figure... supple, pouting breasts... firm thighs. It's a shame you two don't get along.
Looks like the hits just keep coming for MS.
Vegas odds of a turrurist attack involving an AA airliner crashing into MS hq mysteriously higher.
No stick save today. Again, I quote from Miller's Crossing:
"It's gettin' so a businessman can't expect no return from a fixed fight. Now, if you can't trust a fix, what can you trust? For a good return, you gotta go bettin' on chance - and then you're back with anarchy, right back in the jungle."
I just traded my AA Frequent Flier Miles to PanAm yesterday. Mamma Kintner didn't raise no fool.
I have a open ended ticket to { Heaven > slightly wrinkled, For You?....
Didn't the managers of these funds realize that the quickest way to becoming a millionaire is to be a billionaire who buys an airline...
Are those market values in the chart from before or after the dump? Cynical minds want to know.
if that comment about airlines never making money is true and the management have been getting huge bonuses and have received tax payer money to do so, how is that not fraud over a multi-decade period? how come enron and world com executives got busted and airlines and car comapnies don't get busted for fraud?
Time to buy the dip?
If AA had Christina Ricci and friends as stewardesses, they might still be in business.
Hey Tyler ...
I'll be a demanding a-hole and say it would be awesome if you could cross-reference this list with PM ownership so we can get an idea of the eventual gold unwind impact from redemptions.
Seeing as, you know, I pay so much to be on this site :)
You guys aren't giving them credit for employee morale.
If I understand the history column, and depending on when they bought, Fidelity might be in reasonably - at least comparatively - good shape.
Looks like mostly index funds, pensions, and a smattering of hedge funds. Nothing to see here, move along, and don't step in the pool of blood.
Someone may want to let Airbus and Boeing know that guaranting seller financing for that 460 plane deal may not have been the smartest business move of the year.
i guess miami heat will be playing on the street soon.
The airlines deliver nothing but grief to the consumer. They are not even a shadow of what they used to be. Anyone who was around in the 60s or 70s know this. They should all disappear.
That was before deregulation. Had those days continued, you would be paying 60's and 70's prices adjusted for inflation. How does $1500 to go from LA to Denver in coach sound but have 62% load factors, room to spread out, and a TV dinner? Have you even ventured to look at a route maps from that era? You might be surprised at what little choice there was.
My guess is you prefer paying $150 for a cramped seat, no meal, and complaining about it. At least you get to travel when you want and where you want. Enjoy the new golden age of air travel. We all asked for it with our pocketbooks - and we got it.
Since I fly on business and the boss pays, I say re-regulate. Then the boss can cut back on a lot of pointless travel.
one of the first investing rules I learned [back in the 70's, when I was a 'young buck'] was NEVER buy an airline stock. They operate on 'paper thin' margins, and too many things can go wrong.
Hmm. Yesterday was not a good day to go Vanguarding....
American Airlines is about to go under.
American Airlines isn't that private club for liquid perverts and scanner jacker offers.
UBS will need another "rogue trader" to blame the losses on.
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