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Delta: Largest Single Investor Comes Back For More  
User currently offlineFlyCMH From United States of America, joined Jul 1999, 2281 posts, RR: 10
Posted (7 years 4 months 2 days 22 hours ago) and read 2841 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.

For the rest of the story:

http://www.dispatch.com/dispatch/con....ART_ART_05-03-07_C10_376IR24.html

16 replies: All unread, jump to last
 
User currently offlineWorldTraveler From , joined Dec 1969, posts, RR:
Reply 1, posted (7 years 4 months 2 days 21 hours ago) and read 2782 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.


User currently offlineDeltaGuy From , joined Dec 1969, posts, RR:
Reply 2, posted (7 years 4 months 2 days 18 hours ago) and read 2509 times:

I lost $1000 in stock unfortunately, but I'd invest it again...you have alegiance and it doesn't leave you.

All this....while UselessAir can't seem to keep their big investors.

DeltaGuy


User currently offlineClickhappy From United States of America, joined Sep 2001, 9628 posts, RR: 68
Reply 3, posted (7 years 4 months 2 days 18 hours ago) and read 2494 times:
AIRLINERS.NET CREW
PHOTO SCREENER

wonder if he will invest in Skybus *grin*

User currently offlineFlybyguy From United States of America, joined Jun 2004, 1801 posts, RR: 1
Reply 4, posted (7 years 4 months 2 days 17 hours ago) and read 2412 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
User currently offlineCAETravlr From United States of America, joined Oct 2000, 908 posts, RR: 1
Reply 5, posted (7 years 4 months 2 days 16 hours ago) and read 2346 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
User currently offlineTonytifao From Brazil, joined Mar 2005, 1019 posts, RR: 0
Reply 6, posted (7 years 4 months 2 days 10 hours ago) and read 2202 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!

User currently offlineClickhappy From United States of America, joined Sep 2001, 9628 posts, RR: 68
Reply 7, posted (7 years 4 months 2 days 10 hours ago) and read 2147 times:
AIRLINERS.NET CREW
PHOTO SCREENER

Delta's stock symbol is DAL.

http://phx.corporate-ir.net/phoenix.zhtml?c=71481&p=irol-stockQuote

Currently @ 20.72


User currently offlineSBN580 From United States of America, joined Mar 2005, 401 posts, RR: 3
Reply 8, posted (7 years 4 months 2 days 9 hours ago) and read 2122 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!
User currently offlineJumpseat70 From , joined Dec 1969, posts, RR:
Reply 9, posted (7 years 4 months 2 days 9 hours ago) and read 2105 times:

Scottrade will buy your stock for you.

User currently offlineAvConsultant From United States of America, joined Feb 2006, 1360 posts, RR: 3
Reply 10, posted (7 years 4 months 2 days 9 hours ago) and read 2019 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.

http://www.bloomberg.com/apps/news?p...1084&sid=a1vsyvVkcLMo&refer=stocks


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.


User currently offlineSLCUT2777 From United States of America, joined Dec 2005, 4051 posts, RR: 11
Reply 11, posted (7 years 4 months 2 days 9 hours ago) and read 1999 times:

Quoting Clickhappy (Reply 7):
Delta's stock symbol is DAL.

http://phx.corporate-ir.net/phoenix.zhtml?c=71481&p=irol-stockQuote

Currently @ 20.72

LOL! As of this moment it is up .11 cents after falling $1.12 from its original asking bid price yesterday. The odds are it will move up.

Quoting AvConsultant (Reply 10):
Remember 10 years ago when DL announced Ron Allen was retiring, the stock traded over $100/share.

But then DL torched the fuse that would send them on the road to destruction by hiring Leo Mullin.



DELTA Air Lines; The Only Way To Fly from Salt Lake City; Let the Western Heritage always be with Delta!
User currently offlineBigAppleCoder From United States of America, joined Mar 2007, 44 posts, RR: 0
Reply 12, posted (7 years 4 months 2 days 8 hours ago) and read 1980 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!"

bah dah dum

Thank you! Thank you!   

[Edited 2007-05-04 16:22:01]

User currently offlineBrilondon From Canada, joined Aug 2005, 4220 posts, RR: 1
Reply 13, posted (7 years 4 months 2 days 8 hours ago) and read 1963 times:

People should only invest what they can afford to lose and if they get queasy on every market turn they cannot afford to invest.  bigthumbsup 


Rush for ever; Yankees all the way!!
User currently offlineAvConsultant From United States of America, joined Feb 2006, 1360 posts, RR: 3
Reply 14, posted (7 years 4 months 2 days 8 hours ago) and read 1955 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.


User currently offlineSLCUT2777 From United States of America, joined Dec 2005, 4051 posts, RR: 11
Reply 15, posted (7 years 4 months 2 days 8 hours ago) and read 1926 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.  irked 



DELTA Air Lines; The Only Way To Fly from Salt Lake City; Let the Western Heritage always be with Delta!
User currently offlineAvConsultant From United States of America, joined Feb 2006, 1360 posts, RR: 3
Reply 16, posted (7 years 4 months 2 days 7 hours ago) and read 1854 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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