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Strategies & Market Trends : Value Investing

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To: Madharry who wrote (15172)	8/13/2002 9:34:31 PM
From: Paul Senior	Read Replies (1) of 78717

Hi Madharry. Sorry I don't have the answers you seek. Looks to me like airline stocks are kaput. Strange to me how railroad stocks are doing well and so much better than airline stocks. If my experience with banks for an onerous real estate loan is anything like companies' experiences with their bankers, those bankers won't refi on anywhere near acceptable terms to the airlines. Maybe in bankruptcy. I've been adding a little bit to my position in AMR. I still own a little KLM, only a smidgen of DEL, and a sprinkle of MAIR. I took my losses in UAL several months ago. I understand the desert is strewn with mothballed planes. More coming. The Fokkers!

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