Originally Posted by
Astir 511
Companies don't go to the wall because Stockholders get bored and sell their shares. Share price is driven by profits and future prospects.
I responded to a post which was not particularly about airlines, so, if we stick to the aerospace sector, perhaps you would care to explain the takeover of GKN by Melrose on the basis of your analysis. The value of the two companies combined has declined substantially since the takeover about a year ago.