"One possible positive for the stock could be some sort of buy-out of AMR by another airline possibly U.S Air (LCC), or a foreign carrier. I do not see this as a real possibility because if there was a deal to be made, AMR would have made it."
-- While I agree with the assessment, it is worthy of consideration that in 2001 AMR acquired TWA shortly after TWA filed bankruptcy. The deal had been rumored for at least a year, but apparently couldn't go down until TWA shed it's debt obligations.
Just some historical perspective wrt AMR and bankruptcy.
Sell AMR Corp. As Shares Spike [View article]
It's Not Too Late To Sell AMR [View article]
-- While I agree with the assessment, it is worthy of consideration that in 2001 AMR acquired TWA shortly after TWA filed bankruptcy. The deal had been rumored for at least a year, but apparently couldn't go down until TWA shed it's debt obligations.
Just some historical perspective wrt AMR and bankruptcy.