FlyCMH From United States of America, joined Jul 1999, 2260 posts, RR: 11 Posted (6 years 1 month 2 weeks 3 days 15 hours ago) and read 2220 times:
Kind of a feel-good story regarding Delta's emergence from Chapt. 11 bankruptcy:
60 years of ups and downs with delta Loyal investor goes back for more
Despite losing millions, Worthington man is eager to reinvest as Delta comes on market
Thursday, May 3, 2007 7:14 AM
By Marla Matzer Rose
THE COLUMBUS DISPATCH
Not many individual investors would be eager to put more money into a company they'd already lost millions on.
But for Worthington resident Carl Nourse, Delta Air Lines has been much more than a stock holding for the past 60 years.
"It was almost a love affair," Nourse said of his relationship to the airline in the early years. "The Delta people knew me, and I knew them. I felt like I owned the airline."
Before Delta's bankruptcy filing in 2005, Nourse was the largest individual stockholder in Delta, with well over 1 million shares. He made his original investment in 1946 and held his share through good times and bad for the airline.
WorldTraveler From , joined Dec 1969, posts, RR: Reply 1, posted (6 years 1 month 2 weeks 3 days 15 hours ago) and read 2161 times:
DL's stock has held up close to its opening price despite at least one analyst setting a price target about 50% less than what it is currently trading for.
while the guy lost alot, he is the kind of investor every company wants - they invest on emotion... because no one in the modern era would hold airline stock w/ the expectation of making money - or at least not when compared w/ better alternatives. He invested in DL because he had a close relationship w/ DL's founder and he's back for the same reason.
Clickhappy From United States of America, joined Sep 2001, 9459 posts, RR: 72 Reply 3, posted (6 years 1 month 2 weeks 3 days 12 hours ago) and read 1873 times:
Flybyguy From United States of America, joined Jun 2004, 1791 posts, RR: 1 Reply 4, posted (6 years 1 month 2 weeks 3 days 11 hours ago) and read 1791 times:
Quoting DeltaGuy (Reply 2): I lost $1000 in stock unfortunately, but I'd invest it again...you have alegiance and it doesn't leave you.
Holy crap man... that sucks. But to re-invest after that?... that's loyalty there.
"Are you a pretender... or a thoroughbred?!" - Professor Matt Miller
CAETravlr From United States of America, joined Oct 2000, 898 posts, RR: 1 Reply 5, posted (6 years 1 month 2 weeks 3 days 9 hours ago) and read 1725 times:
I have to say, I lost a ton on UA when 9/11 happened. I was making very good money in the airlines up until that point (UA was not the only one I had invested in), but that single event took a large chunk of the equity I had. Fortunately, I didn't lose it ALL, as I managed to sell shortly before the bankruptcy filing. However, all of that is to say that as much as I love UA, and as constantly as I fly them, I am still scared to death to reinvest in them. However, their latest contract for inflight beverages is pretty good for another company that I hold... one that happens to be based in the same city as Delta...
A woman drove me to drink and I didn't have the decency to thank her. - W.C. Fields
Tonytifao From Brazil, joined Mar 2005, 967 posts, RR: 0 Reply 6, posted (6 years 1 month 2 weeks 3 days 3 hours ago) and read 1581 times:
Now that Delta has emerged from bankruptcy, what is their main stock symbol? I feel like investing on them. I think they are positining themselves to make some big bucks!
Clickhappy From United States of America, joined Sep 2001, 9459 posts, RR: 72 Reply 7, posted (6 years 1 month 2 weeks 3 days 3 hours ago) and read 1526 times:
SBN580 From United States of America, joined Mar 2005, 401 posts, RR: 3 Reply 8, posted (6 years 1 month 2 weeks 3 days 3 hours ago) and read 1501 times:
I am pretty naive at buying stock. Can one just call up or write Delta and ask to buy some stock? Or do you really have to go through some middle man broker?
North Central: Good People Made Their Airline Great! FLY MD-90 POWER! Keep 'em Flying DELTA Family!
AvConsultant From United States of America, joined Feb 2006, 1360 posts, RR: 3 Reply 10, posted (6 years 1 month 2 weeks 3 days 2 hours ago) and read 1398 times:
Quoting SBN580 (Reply 8): I am pretty naive at buying stock. Can one just call up or write Delta and ask to buy some stock? Or do you really have to go through some middle man broker?
You have to go through a broker (i.e. Merrel Lynch, TDAmeritrade, ETrade, etc).
IMO I would hold off in the short term, give it a week or two allowing the hype to settle down. There are reports DL stock is overvalued based on projected revenue for 2007. Take a look at todays close to see if there is an impact. Remember, the stock market is like a school of fish; if the lead fish shift direction the rest follow; some times with no reason.
If you want to launch into the stock market, I would recommend staying away from the transportation sector. The airlines are going into the busy season, but gas prices are surging. Thus push some people to fly, but the airlines are challenged with a balancing act on their fare structures and controlling expenses. Their cost have been cut to the bone.
As for the thread subject, notice this investor did not reveal his portfolio. He's allegiance is not to Delta alone. Remember 10 years ago when DL announced Ron Allen was retiring, the stock traded over $100/share.
SLCUT2777 From United States of America, joined Dec 2005, 3869 posts, RR: 11 Reply 11, posted (6 years 1 month 2 weeks 3 days 2 hours ago) and read 1378 times:
BigAppleCoder From United States of America, joined Mar 2007, 44 posts, RR: 0 Reply 12, posted (6 years 1 month 2 weeks 3 days 2 hours ago) and read 1359 times:
Reminds me of the old joke...
"How do you make a small fortune in the Airline industry?
.
.
.
Start off by investing with a large one!"
bah dah ding
Which reminds me of an old saying.
"I just flew back from Cleveland and boy, are my arms tired!"
AvConsultant From United States of America, joined Feb 2006, 1360 posts, RR: 3 Reply 14, posted (6 years 1 month 2 weeks 3 days 2 hours ago) and read 1334 times:
Quoting SLCUT2777 (Reply 11): But then DL torched the fuse that would send them on the road to destruction by hiring Leo Mullin.
Do you remember the hype in the industry about Leo (outsider) coming to DL?
He was touted as the greatest thing since sliced bread and the industry pushed him to advocate for airlines in the Post 9/11 Loan bailout. He SCREWED it all up when he returned asking Congress for more money while he took a multi-million dollar bonus. It was like a fart he resonated everyone (airlines) distanced themselves.
SLCUT2777 From United States of America, joined Dec 2005, 3869 posts, RR: 11 Reply 15, posted (6 years 1 month 2 weeks 3 days 2 hours ago) and read 1305 times:
Quoting AvConsultant (Reply 14): Do you remember the hype in the industry about Leo (outsider) coming to DL?
Somehow they thought that the problems at DL were too much inbreeding. But Mullin was just another bean count with absolutely no airline experience not to mention management at the CEO level experience.
Quoting AvConsultant (Reply 14): He SCREWED it all up when he returned asking Congress for more money while he took a multi-million dollar bonus. It was like a fart he resonated everyone (airlines) distanced themselves.
He started screwing it up before by buying too many CRJ-100/200 aircraft thinking that by simplifying the DL fleet with dumping the last of the 727s and L-1011s somehow they could afford this. As for representing the industry before the U.S. Congress, both he and Donald Carty of AA looked like the biggest two a$$es in the CEO world.
DELTA Air Lines; The Only Way To Fly from Salt Lake City; Let the Western Heritage always be with Delta!
AvConsultant From United States of America, joined Feb 2006, 1360 posts, RR: 3 Reply 16, posted (6 years 1 month 2 weeks 3 days 1 hour ago) and read 1233 times:
Quoting SLCUT2777 (Reply 15): He started screwing it up before by buying too many CRJ-100/200 aircraft thinking that by simplifying the DL fleet with dumping the last of the 727s and L-1011s somehow they could afford this. As for representing the industry before the U.S. Congress, both he and Donald Carty of AA looked like the biggest two a$$es in the CEO world
Carty and Leo were definitely "two pea's in a pod" leaving the same responses by both labor groups.
I understand a case study is being conducted or soon to be released on the backlash of the "RJ - Revolution". It's being compared to the dot com bubble burst.
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