That is why with the mini-crashes lately, I am not worried since I bought my shares around $2.50
Here’s the press release I think you may have been talking about.
http://www.pressroom.ups.com/pressreleases/archives/archive/0,1363,4873,00.html
More bad news for Airbus:
Airbus crisis deepens with plunge into losses
Analysts at Citigroup investment bank said prospects for Airbus were now “awful” after management warned of vast cost problems and signalled that recovery by rival Boeing was hurting the group.
)Parent Company EADS Reports Loss of 768 Million euros ($1.01 billion
The company’s co-CEOs said things would only get worse before they get better.
While it is often called “The Whale”, I think a much more appropriate nickname for the A380 would be the “WHITE ELEPHANT”!
What I found amazing was that profits at EADS were slashed by 86% in 2006 even though revenue was up 15%.
http://news.yahoo.com/s/nm/20070309/bs_nm/eads_dc_4
Earnings before interest and taxes were down 86%; net profit after taxes is down 94%!
The A380 is the elephant and the Cessna Skyhawk is the mouse.