Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
What: Shares of American Airlines parent AMR
So what: A five-year contract battle with the Allied Pilots Association took another ugly turn today as AMR fielded another lowball offer that the pilots' union seemed none too pleased with. Investors fear that another bankruptcy may be necessary to clear the table of old baggage -- which may delete all shareholder value in the company.
Now what: Not that there's a whole lot of value left in these shares after a precipitous 75% drop so far in 2011. This has been a brutal year for the whole industry: United Continental
Interested in more info about AMR? Click here to add it to My Watchlist.
Fool contributor Anders Bylund holds no position in any of the companies mentioned. Motley Fool newsletter services have recommended buying shares of Southwest Airlines. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinion, but we all believe that considering a diverse range of insights makes us better investors. Check out Anders' holdings and bio, or follow him on Twitter and Google+. We have a disclosure policy.