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Whats Going On With Delta Today- Stock Down 25%  
User currently offlineNycfuturepilot From United States of America, joined Dec 2003, 791 posts, RR: 0
Posted (7 years 9 months 2 weeks 17 hours ago) and read 6844 times:

I've been tracking Delta's stock (symbol: DALRQ) for a while and noticed today that it took a 25% drop but no news posted on it. Any informtaion? Thanks


Father, Son, HOYA spirit
54 replies: All unread, showing first 25:
 
User currently offlineIsitsafenow From United States of America, joined Feb 2004, 4984 posts, RR: 23
Reply 1, posted (7 years 9 months 2 weeks 17 hours ago) and read 6809 times:

It's quite simple.....
Wall street thinks Delta is going to pull a Braniff if they dont either merge or implement a plan by mid summer.
safe



If two people agree on EVERYTHING, then one isn't necessary.
User currently offlineClickhappy From United States of America, joined Sep 2001, 9654 posts, RR: 68
Reply 2, posted (7 years 9 months 2 weeks 17 hours ago) and read 6803 times:
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PHOTO SCREENER

because they will emerge from C11 in April, and said shares will be worth $0.00 per share.

User currently offlineThegooddoctor From United States of America, joined Nov 2005, 523 posts, RR: 0
Reply 3, posted (7 years 9 months 2 weeks 17 hours ago) and read 6764 times:

Quoting Isitsafenow (Reply 1):
Wall street thinks Delta is going to pull a Braniff if they dont either merge or implement a plan by mid summer.
safe

Wasnt someone asking where US could get wide-bodies in a hurry?  Wink



The GoodDoctor
User currently offlineCubastar From United States of America, joined Nov 2006, 410 posts, RR: 5
Reply 4, posted (7 years 9 months 2 weeks 17 hours ago) and read 6751 times:

Quoting Isitsafenow (Reply 1):
It's quite simple.....
Wall street thinks Delta is going to pull a Braniff if they dont either merge or implement a plan by mid summer.
safe

Are you serious or just tounge in cheek?


User currently offlineIsitsafenow From United States of America, joined Feb 2004, 4984 posts, RR: 23
Reply 5, posted (7 years 9 months 2 weeks 13 hours ago) and read 6470 times:

Quoting Cubastar (Reply 4):
Are you serious or just tongue in cheek?

I read a lot of financials in a day and the money boys are not keen of DL, or any airline for that matter.
The only carrier that has shown stock improvement the past 120 days is Allegiant..ALGT.

I have been watching it closely...
safe



If two people agree on EVERYTHING, then one isn't necessary.
User currently offlineBAGoldEx From United States of America, joined Jan 2007, 317 posts, RR: 0
Reply 6, posted (7 years 9 months 2 weeks 13 hours ago) and read 6435 times:

DL's going to crash and burn if they don't merge or come up with an exit strategy. At the current pace money is falling out of their coffers there is no way they can, nor deserve to stay in business. Basically they are over extending themselves with new routes and such when they should be contracting in order to keep themselves in the black. I wonder if those FA's will be singing keep delta my delta as they're spending the long hot summer in the unemployment line. This airline is clearly more concerned with image than profitability, take a look at where that got Pan Am, TWA and Eastern. It makes sense, we haven't had a great American company crash in a while and this will be the perfect reality check.

User currently offlineHaggis79 From Germany, joined Jun 2006, 1096 posts, RR: 1
Reply 7, posted (7 years 9 months 2 weeks 13 hours ago) and read 6391 times:

Quoting BAGoldEx (Reply 6):
DL's going to crash and burn if they don't merge or come up with an exit strategy. At the current pace money is falling out of their coffers there is no way they can, nor deserve to stay in business. Basically they are over extending themselves with new routes and such when they should be contracting in order to keep themselves in the black. I wonder if those FA's will be singing keep delta my delta as they're spending the long hot summer in the unemployment line. This airline is clearly more concerned with image than profitability, take a look at where that got Pan Am, TWA and Eastern. It makes sense, we haven't had a great American company crash in a while and this will be the perfect reality check.

blah blah blah... is that hatred or envy talking or what? IF DLs state was so bad as you say, why haven't their creditors taken US' offer then? Besides, if I'm not mistaken, they actually have come up with an exit strategy quite some time ago...



300 310 319/20/21 332/3 343 AT4/7 143 B19 732/3/4/5/G/8/9 742/4 752/3 763/4 77E/W CR2/7/9 D95 E45/70 F50 F70 100 M11 M90
User currently offlineJettaKnight From United States of America, joined Feb 2007, 195 posts, RR: 0
Reply 8, posted (7 years 9 months 2 weeks 13 hours ago) and read 6346 times:

Quoting Isitsafenow (Reply 5):
The only carrier that has shown stock improvement the past 120 days is Allegiant..ALGT.

Are you forgetting YX? They've gone from $8.50 to $13.50, or does the FL buyout offer disqualify them?


User currently offlineAeroWesty From United States of America, joined Oct 2004, 20784 posts, RR: 62
Reply 9, posted (7 years 9 months 2 weeks 13 hours ago) and read 6347 times:

Delta is a bankrupt company with their shares traded on the pink sheets. Volume in the stock is nearly 38 million shares so far today vs. a daily average of 5.5 million. It appears someone is moving out of a position, for one reason or another, and blowing through the market maker's bids.

Anything in life is only worth what someone else is willing to pay for it. If you put an extra 30 million shares of a bankrupt company on the market to sell, prices are going to go down if there isn't positive news to generate the interest of buyers.



International Homo of Mystery
User currently offlineHaggis79 From Germany, joined Jun 2006, 1096 posts, RR: 1
Reply 10, posted (7 years 9 months 2 weeks 12 hours ago) and read 6261 times:

Quoting AeroWesty (Reply 10):
Volume in the stock is nearly 38 million shares so far today vs. a daily average of 5.5 million. It appears someone is moving out of a position, for one reason or another, and blowing through the market maker's bids.

ok this certainly explains the drop in stock value.... thanks for the insight. Any speculation about where (or better who) these shares came from?



300 310 319/20/21 332/3 343 AT4/7 143 B19 732/3/4/5/G/8/9 742/4 752/3 763/4 77E/W CR2/7/9 D95 E45/70 F50 F70 100 M11 M90
User currently offlineBoston92 From United States of America, joined Aug 2006, 3390 posts, RR: 7
Reply 11, posted (7 years 9 months 2 weeks 12 hours ago) and read 6239 times:

Plus, didn't they just post a 2B loss?


"Why does a slight tax increase cost you $200 and a substantial tax cut save you 30 cents?"
User currently offlineHaggis79 From Germany, joined Jun 2006, 1096 posts, RR: 1
Reply 12, posted (7 years 9 months 2 weeks 12 hours ago) and read 6231 times:

Quoting Boston92 (Reply 12):
Plus, didn't they just post a 2B loss?

they did... but that's been a few days ago already, so the stock would have dropped earlier if it was due to that loss...



300 310 319/20/21 332/3 343 AT4/7 143 B19 732/3/4/5/G/8/9 742/4 752/3 763/4 77E/W CR2/7/9 D95 E45/70 F50 F70 100 M11 M90
User currently offlineMham001 From United States of America, joined Feb 2005, 3693 posts, RR: 3
Reply 13, posted (7 years 9 months 2 weeks 12 hours ago) and read 6190 times:

Quoting Isitsafenow (Reply 5):
I read a lot of financials in a day and the money boys are not keen of DL, or any airline for that matter.
The only carrier that has shown stock improvement the past 120 days is Allegiant..ALGT.

Are you telling me that 49.7% gain I show for LAN (LFL) since December is just an illusion?


User currently offlineScottB From United States of America, joined Jul 2000, 6808 posts, RR: 32
Reply 14, posted (7 years 9 months 2 weeks 12 hours ago) and read 6172 times:

Quoting BAGoldEx (Reply 6):
DL's going to crash and burn if they don't merge or come up with an exit strategy.

Is this guy USAirPlatinum under a different name?

Quoting Nycfuturepilot (Thread starter):
I've been tracking Delta's stock (symbol: DALRQ) for a while

I wouldn't put any stock, so to speak, in the performance of a bankrupt company's stock. Delta's management has repeatedly stated that the shareholders would receive nothing for their shares when the company emerges. The creditors and other stakeholders (employees, management) will receive all of the reorganized company's shares. This is why you'll see them post a paper profit in the neighborhood of $20 billion when they emerge from bankruptcy; all of those "liabilities subject to compromise" on the balance sheet will be wiped out in exchange for Delta shares.


User currently offlineMham001 From United States of America, joined Feb 2005, 3693 posts, RR: 3
Reply 15, posted (7 years 9 months 2 weeks 12 hours ago) and read 6134 times:

Quoting Isitsafenow (Reply 5):
I read a lot of financials in a day and the money boys are not keen of DL, or any airline for that matter.
The only carrier that has shown stock improvement the past 120 days is Allegiant..ALGT.

On second thought, you need to find some new analysts to read, unlees they are saying airlines are already reached their peak.
You might want to add the 25%+ gain for Ryan Air(RYAAY) over the last 3 months to the list. Sure wished I had pulled the trigger on that one in 04...


User currently offlineTwoLz2Rn From United States of America, joined Oct 2005, 452 posts, RR: 0
Reply 16, posted (7 years 9 months 2 weeks 12 hours ago) and read 6109 times:

someone must have heard that DL wants to change their livery...


Delta's New Livery?


User currently offlineAeroWesty From United States of America, joined Oct 2004, 20784 posts, RR: 62
Reply 17, posted (7 years 9 months 2 weeks 11 hours ago) and read 5975 times:

Quoting Haggis79 (Reply 11):
Any speculation about where (or better who) these shares came from?

No clue. A sell that went through a certain price level may have simply triggered Stop Sell orders from other investors, upping the volume and pushing down the price. It didn't need to be from anyone in particular.



International Homo of Mystery
User currently offlineBAGoldEx From United States of America, joined Jan 2007, 317 posts, RR: 0
Reply 18, posted (7 years 9 months 2 weeks 9 hours ago) and read 5846 times:

Quoting ScottB (Reply 15):
Is this guy USAirPlatinum under a different name?

Nope, but I always love the mindless conspiracy theories, as if I really (over)paid to join a message board just to screw with people as you suggest. Get a grip.


User currently offlineTurpentyine From United States of America, joined Mar 2006, 154 posts, RR: 0
Reply 19, posted (7 years 9 months 2 weeks 6 hours ago) and read 5705 times:

So if I buy DL stock right now once it comes out of bankruptcy my stock will be worth zero, and I am going to have to buy new shares that they issue once they are out?

User currently offlineDelta787 From United States of America, joined May 2006, 321 posts, RR: 0
Reply 20, posted (7 years 9 months 2 weeks 6 hours ago) and read 5686 times:

Quoting Boston92 (Reply 11):
Plus, didn't they just post a 2B loss?

Most of it was a paper loss.



Fly Delta!
User currently offlineMariner From New Zealand, joined Nov 2001, 25561 posts, RR: 86
Reply 21, posted (7 years 9 months 2 weeks 6 hours ago) and read 5675 times:
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Quoting Turpentyine (Reply 19):
So if I buy DL stock right now once it comes out of bankruptcy my stock will be worth zero

That is exactly what happened with United shares.

mariner



aeternum nauta
User currently offlineDeltaL1011man From United States of America, joined Sep 2005, 9672 posts, RR: 14
Reply 22, posted (7 years 9 months 2 weeks 6 hours ago) and read 5654 times:

Quoting BAGoldEx (Reply 6):
DL's going to crash and burn if they don't merge or come up with an exit strategy. At the current pace money is falling out of their coffers there is no way they can, nor deserve to stay in business. Basically they are over extending themselves with new routes and such when they should be contracting in order to keep themselves in the black. I wonder if those FA's will be singing keep delta my delta as they're spending the long hot summer in the unemployment line. This airline is clearly more concerned with image than profitability, take a look at where that got Pan Am, TWA and Eastern. It makes sense, we haven't had a great American company crash in a while and this will be the perfect reality check.

I really wounder i really do wounder why people on this site dont understand that Delta will be out of BK at the latest by July. They have pretended there plan in front of the judge and guess what it got approved and hey have started to go get votes. So i dont get it did EA or PA and TW get to that point? DL will stay a standalone carrier and if they merger with anyone it will be NW. The DL/US deal is DONE!!!!!!!!!!! I just don't get why you people don't get it that Delta will stay my Delta and will be out of BK in 3 to 4 months!



yep.
User currently offlineDeltaL1011man From United States of America, joined Sep 2005, 9672 posts, RR: 14
Reply 23, posted (7 years 9 months 2 weeks 6 hours ago) and read 5651 times:

DL's stock will be worthless in a few months so i bet thats why it dropped.


yep.
User currently offlineAeroWesty From United States of America, joined Oct 2004, 20784 posts, RR: 62
Reply 24, posted (7 years 9 months 2 weeks 5 hours ago) and read 5609 times:

Quoting DeltaL1011man (Reply 23):
DL's stock will be worthless in a few months so i bet thats why it dropped.

Stock prices move for reasons, not on whims. It's a pink sheet stock, so it has market makers behind it. They adjust the price according to supply and demand via bids and offers. A market maker will rarely discount their supply of a stock by 25% "just because it's going to be worthless soon" if there are active bidders in the market.

People buy shares of bankrupt stocks all the time for various reasons. If I was still in the business, I could just pick up the phone and call one of my pink sheet houses and ask the reason why it moved today like it did.



International Homo of Mystery
25 Post contains images Acey559 : There's my good laugh for the night!
26 Silver764 : The stock will be worth nothing once they exit bnk. Sell now. New stock will be re-issued.
27 Milesrich : The better question is the stock trading above a few cents. The answer is simple, STUPID speculators. As others have written, correctly, I might add,
28 Steeler83 : Then this guy should have come to Pittsburgh about a decade or two ago. Not just one great American company, but SEVERAL... Enough to cripple a city.
29 Jetdeltamsy : It's not rocket science. When Delta emerges from bankruptcy, the stock will be void/have no value. Expect it to continued trading downward until the
30 Dazed767 : NW was around .40-.50 for awhile, and shot up over $6. I just don't think DL will do the same for me....
31 ElmoTheHobo : I don't know what you're talking about, check the performance of all airline stocks and you'll see your statement doesn't make any sense. American an
32 DLPMMM : You don't know what you are talking about. With over $3 B in cash there is no chance that DL will close down during the summer, when cash flow is alw
33 Art : You're gonna wish you pulled the trigger on Easyjet (LSE ticker EZJ) in 2006 even more: 75% gain over the last 12 months. [Edit] Or British Airways f
34 Post contains images UALMMFlyer : Here is the correct answer
35 Art : I've got to ask: if DL stock will be worthless in April and stockholders will receive all of the reorganised company's shares, why is DL stock not wo
36 Kiwiandrew : firstly , that should be stakeholders as per the original quote , not 'stockholders' . secondly , the reason the stock is not worthless now is becaus
37 CrazyHorse : Many day trader and same nuts who throw their money to the marktmaker. As day trader you can earn much money whit such a stock, but it´s very risky.
38 Art : Sorry, my bad. Ineed I meant to say stakeholders wil receive shares (whereas existing stockholders will not).
39 Evan767 : If some people are dumb enough to invest in airline stock, then it's their fault they are losing money.
40 Post contains links CrazyHorse : Not really true, look at the Chart of BA or Qantas. With this airlines had a great performance the last time. But airline stocks are very risky, this
41 Evan767 : My point exactly....
42 NorCal : How about short selling the stock? Could that make a little money?
43 CrazyHorse : I think with short selling Delta you can earn a good money in the next time, but you had to stop, at the right time. Many market maker will do that i
44 Socalfive : Well there may be some STUPID speculators still in the Delta Market but there's plenty of smart people probably up until today having made PLENTY on
45 Post contains images Jacobin777 : what happens with 99.99% of companies which come out of bk....their stocks are worthless...this happens because the people who own the "IOU's" don't
46 Floridaflyboy : Why would you say they don't deserve to stay in business? Any business deserves to stay in business. Maybe you should think of all the jobs lost and
47 EXAAUADL : Merril donwgraded AMR, which probably had a ripple effect for all airlines, Given just about everyone isworse off financially then AMR, other carreirs
48 Cloudy : Are you really smart or did you just have a lucky streak? Speculation on something with no intrinsic value (that is, having no value to ANYONE except
49 AeroWesty : Can't do it, IIRC. Pink sheet stocks are non-marginable, so they can't be used as collateral by a public customer. When you sell a stock short, you'r
50 Socalfive : I fully agree with most of what you've said. However, the whole stock market is pretty much a gamble in and of itself. How many people were invested
51 AeroWesty : I really do hope people sit down to read and digest what you wrote. Yes it's a gamble, that you're honest about, but it's also a strategy, that's ser
52 Turpentyine : Where can one learn to trade like that?
53 Post contains links Dazed767 : http://finance.yahoo.com/charts#symbol=NWACQ.PK;range=6m
54 Cloudy : An investor wouldn't put so much into one stock that would drag down your whole portfolio if it were to tank. Even when smart investors do take signi
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