The Bellinghman (bellinghman) wrote,
The Bellinghman
bellinghman

When investors panic

Could United Airlines have just had a bit of luck bad enough to make it vulnerable to a takeover?

According to this BBC report, they've just had 75% wiped off the value of their shares on the basis of a story on the South Florida Sun Sentinel's web site saying that they'd sought protection from their creditors. Well, the story was apparently true, but ... six years out of date, being one that had resurfaced from archives.

In normal times, this would be interesting enough, but UA are losing a fortune, and a severely depressed share price is not good for any company.
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