Author Topic: AAL - American Airlines Group  (Read 5701 times)

vince

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Re: AAL - American Airlines Group
« Reply #30 on: October 01, 2019, 11:09:41 AM »
I think AAL was Ted Weschler's pick for the airlines, but Warren might have purchased some as well to top up the position.

This is interesting and seems to be true: https://www.theglobeandmail.com/globe-investor/investment-ideas/why-buffetts-berkshire-gained-enthusiasm-for-airlines/article33908349/

"The analysis prompted Ted Weschler, one of Buffett's investing deputies, to take a closer look at airlines, the people said. Before joining Berkshire, Mr. Weschler's hedge fund had backed Mr. Parker in his successful 2005 bid to combine America West with US Airways. Through that process, the two men built a rapport."

the press claimed that it was the 2016 JP morgan conference that Parker was speeking at that convinced weschler.  And whats crazy is shortly after i read that in the press, the call was taken down by JP morgan.  But i found the transcript to try and see if there were any clues that tipped weschler off to buy it.  and i couldnt find anything noteworthly different but it was kind of surprising


rogermunibond

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Re: AAL - American Airlines Group
« Reply #31 on: October 01, 2019, 11:20:35 AM »
The gist was the same thing that other airlines had been talking about and also bullish analysts.  Industry had restructured and they had 2-3 years of good financial data showing it.  But it wasn't different from any other airline bullish pitch.

UK

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