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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: posthumousone who wrote (208502)	12/9/2002 1:47:56 PM
From: who cares?	of 436258

I can't find data far enough back on Continental, but there's this from Forbes RESEARCH ALERT-Merrill drops UAL coverage after bankruptcy forbes.com Merrill Lynch airline analyst Michael Linenberg said on Monday the firm would no longer cover UAL Corp. (nyse: UAL - news - people) shares after UAL and its United Airlines subsidiary, the world's second-largest airline, filed for bankruptcy. Linenberg said in a research note that the bankruptcy should mean "business as usual" for United's customers, but it would not be business as usual for employees or shareholders. "We are aware of only one airline bankruptcy during the last 15 years in which equity holders received some consideration post-restructuring (America West)," Linenberg said. "As such, it is very likely that UAL's bankruptcy will wipe out shareholders' equity entirely. Given that concern, we are dropping coverage of UAL shares. Previously, we had a sell rating on the stock." Of course then you have the UAL CEO saying Lufthansa going to take equity stake maybe. Then Lufthansa says that's a bs rumor, then they're told it's ual's ceo spreading it and then it's no comment. LOL, meanwhile, morons are buying it, lol.

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