The penny stock we screamed to buy all of last year while it was under $0.40 just shattered the record books for the biggest percentage gain of any pick we’ve issued. Now that the DoJ has stated that key slots and facilities at seven airports are the key for the proposed $17.2 billion merger of AMR Corp. (AAMRQ), parent of American Airlines, and US Airways Group Inc. (LCC) to win federal approval, the skies have opened up and rainbows are beaming from every angle. To think you could have made 3,275% on your money with AAMRQ stock in less than a year, that’s taking $20,000 and turning it into $675,000 – a stock pick to change your life with and we gave it to you more than once.
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AAMRQ Stock Chart: From 0.40 to 13.50 in 12 Months
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Among the requirements, the two airlines must sell 104 carrier slots at Reagan National airport in Washington D.C., another 34 slots at New York’s La Guardia and a smaller number of gates and ground facilities at Botson Logan, Chicago O’Hare, Dallas Love Field, Los Angeles Inernational and Miami International. Gates at Reagan will be offered to JetBlue (JBLU), while gates at La Guardia will be offered to Southwest Airlines (LUV).
The proposed settlement was also backed by six state attorneys general and the District of Columbia, all of whom had raised concerns the AMR-US Airways merger could hurt consumers by concentrating too many routes in the hands of one carrier.
And to think, you could have bought shares of AAMRQ stock all during 2012 until November for under $0.40.
About AAMRQ Stock
AMR Corporation operates in the airline industry through its subsidiary, American Airlines, Inc., providing scheduled jet service to approximately 160 destinations throughout North America, the Caribbean, Latin America, Europe, and Asia as well as operating as a scheduled air freight carrier, which provides a range of freight and mail services to shippers.
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