tonytifao
Posts: 788
Joined: Wed Mar 02, 2005 10:22 pm

DL (DAL) Down More Than 12%

Wed Aug 15, 2007 2:59 am

A.net friends,

Looking at DAL stock, it's down more than 5.5% just today and more than 12% in the last 5 days. It has reached it's 52 week low. Anything going on with Delta that is not known? It just seems like a pretty steep drop as they are doing fairly well lately.

[Edited 2007-08-14 20:05:39]
 
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SLCUT2777
Posts: 3407
Joined: Sun Jan 01, 2006 12:17 am

RE: DL (DAL) More Than 12%

Wed Aug 15, 2007 3:05 am

Quoting Tonytifao (Thread starter):
Looking at DAL stock, it's down more than 5.5% just today and more than 12% in the last 5 days. It has reached it's 52 week low.

Everything is taking a bath seemingly on Wall Street as their is an ongoing crack-down on sub-prime mortgages in the U.S. and Canada by various financial institutions.

Quoting Tonytifao (Thread starter):
Anything going on with Delta that is not known? It just seems like a pretty steep drop as they are doing fairly well lately.

Keep in mind DL must release so many shares to their creditors over the cycle this year, and many of them just want to cash in their chips. Most airline stocks are down.
DELTA Air Lines; The Only Way To Fly from Salt Lake City; Let the Western Heritage always be with Delta!
 
sacamojus
Posts: 186
Joined: Sat Dec 30, 2006 1:24 am

RE: DL (DAL) Down More Than 12%

Wed Aug 15, 2007 4:22 am

Quoting Tonytifao (Thread starter):
Anything going on with Delta that is not known

Markets don't only look at the company's financials for valuation. Other factors including competition, price of fuel, growth opportunities, economy, growth of travelers, government regulations, etc. This why prices move everyday and not when company information is released.
 
rfields5421
Posts: 5631
Joined: Thu Jul 19, 2007 12:45 am

RE: DL (DAL) Down More Than 12%

Wed Aug 15, 2007 5:07 am

Everybody is up or down a lot lately.

It has nothing to do with the individual companies and is mostly about the way the stock market is structured to not be concerned with the company's actual operations and profit.

The company I work for is a multi-billion dollar world-wide cash generation machine. We take in billions of dollars of red, green, yellow and blue folding money over the counter every year. We make a lot of money and could be debt free if we wanted.

But Wall Street doesn't care about how much money we make.

They only care about our ability to "grow" our same store sales numbers and that our predictions are close to accurate.

A stock price can fall just as far and as quickly if the company reports better than expected earnings and profit.

In fact unexpected bad news is usually less negative for the stock price than unexpected good news.