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Old 09-03-2014 | 09:23 AM
  #167531  
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Wingnutdal
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Joined: Sep 2010
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Originally Posted by TheManager
So this is how you invest your retirement?

Are you willing to bet your nest egg and our next contract on the fact that you "believe that DAL is gonna make good money going forward for any time frame that will involve our contract."

Have you looked at our stock lately?

I mean realllllyy looked at it on a fundamental and technical basis?

Tell us after you go look at a halfway respectable chart, when was the last high? What is the current trend, being that you say you actually look at them, on price and volume?

Here is my point. Stock is an asset that goes up and goes down. The science is buying and selling at the proper time.

Same can be said for profit sharing and hourly pay. First, profit sharing is not to be considered into pay. It is a bonus. Those around here that like to add it to a pay rate and claim higher hourly compensation are delusional.

In that line of reasoning, are these same people going to realize a pay cut to their hourly rates when profit sharing dips or evaporates?

Don't get me wrong. Currently I enjoy my yearly profit sharing bonus.

Point is: Going forward, I would prefer to see a substantial increase in contractually determined pay rates with status quo on profit sharing. No need to trade it for rates as we did before. No need to hope that Delta will continue to do well so that your extra check on Valentines Day shows up.

Profitability can be fleeting. Think anything. ISIS, Ebola, full on Putin Ukraine invasion, Islamic extremist attacks on oil supply/& or Hormuz. You get the point as we could go over scenarios for days.
I like this thinking. We are one black swan event away from losing a billion a year. And with everything going on in the world today it isn't that far fetched.

And I like the idea of negotiating the rates and then tacking ps on behind it in rates.