A recent update states of AAMRQ being endorsed to the subscribers of OTCmagic since it was trading in range of $0.40 per share. From this point onwards stock performed impressively and has gained up to $3 per share and doesn't seem to stop, moving ahead noticeably.
Last year in November AMR Corporation filed for its bankruptcy and fell up to $0.20 not long before, reporting all-time low. The company was also exposed negatively due to the backwash with their employees and their labor unions. As a result earlier in November 12 the stocks fell from $0.50 to the lows of $0.35. By then AAMRQ has been moving increasingly and is awaited to cross the barriers of its limited range.
Despite the parent company being filed for bankruptcy, the American Airlines carried on with its operations orderly. Each year thousands of companies come out of Bankruptcy with triumph as the bankruptcy system in US provides room to move in reconstruction of company's credit responsibilities. The huge bankruptcy of year 2011 in the US was of American Airlines which was followed by a string of airlines filing for bankruptcy. Since 1979, the total of US Airlines' losses amounts to $80 billion which is clearly evident of the adversity of airline industry.
American Airline being an esteemed brand, controlling high traffic routes such as Miami, DYC and Dallas, was never to be liquidated by its parent. It was always planned to reorganize in such situation. The US bankruptcy procedure usually gives the current management 10% stake in the new company benefiting the management of stake worth of millions
Recently, as a result of nonstop combat between the top management, pilots and employees along their unions, caused delay in over the half of flights or more along with reporting several appalling services. Causing the major attacks to the prestige of American Airlines.
For more information and insights on AMR Corporation, please click here: AAMRQ
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Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.