At 1.50 a share, the stock is already trading at bankruptcy levels and will probably continue to trade in that area in the event of, and after, a Chapter 11 filing,
More Quotes from Ray Neidl:
I've never seen the industry so optimistic in the past four years as they are now. Unfortunately, some storm always comes up to rain on the parade.Ray Neidl
It's going to reduce their cost structure and make it a more efficient airline.
Ray Neidl
I don't know what the likelihood of the deal being done is, ... I think it's serious, I think something is going on -- and many people were surprised, including myself, that American would even want to buy TWA, which is basically a real problem asset. And then you have the problems of integrating the work force.
Ray Neidl
From what the union leader said, they don't want a strike either. I still have high hopes.
Ray Neidl
This summer is going to be crucial. If this summer is worse than expected, we could have new talk of bankruptcy in the fall. Even if it's good, I don't see them returning to profitability until the third quarter of next year at the earliest.
Ray Neidl
Management has to answer to the pilots, but they also have a due diligence to public stockholders. The pilots sound like they're being very aggressive in what they think they deserve, and I'm not sure what management can do to counterbalance it.
Ray Neidl
Readers Who Like This Quotation Also Like:
Fight the power that be. Fight the power.Spike Lee
One of the problems you have when you read with kids is that once they like something they want you to read it a hundred times.
Norton Juster
I am really blessed and very grateful for it.
Pam Grier