duk3
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I have been wondering about this. It still has 333 planes in fleet, and it is the largest holding company of airplanes in all of South America. It's been around for nearly 100 years, and they are only just getting back in from the Pinks. They filed a Ch11 reorganization, not a Ch7 liquidation, and were allowed to be debtors-in-possession during that time. Further, their financial insolvency was not because of poor management, but because of Covid, which tanked many airlines as well. For $24.50, on a stock that was once fair-market at >$1000, with assets primarily held stable (it seems, based on OSINT), I consider this a steal. I bought 10, just to see where it goes. Thoughts?
$LATAM Airlines Group (LTM.US)$ I can’t believe I missed the chance to short shares at $194,000.00/share. The low volume of zero volume lets me know that only the price is soaring is because the bears recently took profit.
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GetRichOrDieTrading
OP
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I just noticed this a new stock, which is now making me double-guess myself about LTM’s market being bearish. Let’s see what plays out in the near future.
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LATAM Airlines Group Stock Forum
LATAM is a uptrend 38 next.
Buy Buy Buy Target 30 soon
I can’t believe I missed the chance to short shares at $194,000.00/share. The low volume of zero volume lets me know that only the price is soaring is because the bears recently took profit.
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