Delta? Good time to buy?
What's everyone thoughts about Delta? Friday it hit it's 52 week low at 97 cents. It may go into bankruptcy. Is it a loser or are the rumors false and it will make a couple point gains. Airline stocks are a no no for Cramer, but I know he might not be able to resist this one.
Thanks,
Eric
Too risky of a play. Same thing happened to Kmart before they filed for bankruptcy. Investors who owned stock before bankruptcy lost all their money.
re: Delta
It doesn't have too far to fall, before you are totally wiped out. That's the problem with stocks that cheap. It could go up, but I would avoid it, right now.... especially with the price of fuel being what it is. I don't know too much about the individual airline stocks, but I do like the CEO of Southwest a lot.