Bye-Bye to AMR (AMR, AAR, AAMRQ)
AMR Corporation (NYSE: AMR) is now AMR Corporation (AAMRQ) and it was a stock we recently said was one of ten public stocks which would not survive 2012. That is happening today and it is not just AMR which is…
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AMR Corporation (NYSE: AMR) is now AMR Corporation (AAMRQ) and it was a stock we recently said was one of ten public stocks which would not survive 2012. That is happening today and it is not just AMR which is getting whacked.
An SEC Filing shows that on top of AMR, the following securities are being delisted:
7.875% PINES (Public Income Notes) due 2039 (ticker symbol AAR),
9.00% Debentures due 2016 (ticker symbol AMR 16) to the NYSE’s suspension and delisting procedures.
These securities are now being delisted and will go OTC prior to the opening of the market on Thursday, January 5, 2012. In other words, today.
How to kill your shareholders….
JON C. OGG
Contact [email protected] for any questions or corrections.
Jon Ogg has been a financial news analyst since 1997. Mr. Ogg set up one of the first audio squawk box services for traders called TTN, which he sold in 2003. He has previously worked as a licensed broker to some of the top U.S. and E.U. financial institutions, managed capital, and has raised private capital at the seed and venture stage. He has lived in Copenhagen, Denmark, as well as New York and Chicago, and he now lives in Houston, Texas. Jon received a Bachelor of Business Administration in finance at University of Houston in 1992. www.247wallst.com.