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To get an idea of how poorly United Airlines (NASDAQ: UAUA) has performed, may I suggest viewing this little nugget.
If United is breaking guitars as accused, I would fly another airline. As an avid guitar player myself, such carelessness is unacceptable. The airline industry is struggling, and poor customer service does not help. The above video is now going viral on the Internet - what a PR disaster for United.
Even though I recommended covering this short position, the stock continued a rapid decline in the second quarter. There is not much more room to fall on the downside.
Unless United is deemed too big to fail, the company will struggle in the duration. Sell this one.
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