Originally Posted by
tsquare
You are looking at small potatoes in some areas.. in large ones in others. My contention is that we take this deal, (like Ferd says, hold your nose and vote for it) and see how much more we can extract in the upcoming merger talks. If we are onboard and have captured real value, then there will be more to capture when the deal is announced. OR, we can bow up and say no, and be totally left out in the cold, trying to recapture what we just lost when the deal is brought before us. You really need look no further than NWA/DAL merger.. we said no once.. and what happened? We lost about $250 million. We had another chance though and were able to get a pretty good deal, but where would we be right now had we signed that first deal? How much further down the field would we be.. right now?
Interesting point. It plays right into one of my favorite Churchill Quotes "Those who do not learn from history are doomed to repeat it" (Any paraphrasing mistakes are purely mine). RA is smart, wicked smart, so we may not get a better deal. But maybe, just maybe our negotiators learned something in the online debate on this TA which was greater than any previous TA and are able to tighten up some things. Either way, it's a gamble and maybe one not worth betting. Interesting.