Originally Posted by
gloopy
There have been many many trillions of fake money created and pumped into the economy at essentially zero interest, and especially the stock market for them to play with. All of that is a huge debt trap later. We have a lot of big, hungry chickens that will "come home to roost" as a certain someone's beloved mentor has phrased it.
Its an understatement to call it burning the furniture to heat the house. Its more like burning the house to heat the house. When reality sets it, its going to suck. A lot.
I'm glad we're paying down debt but I think its a huge mistake down the road for us to be throwing billions onto the bonfire of "shareholder return" when we still have so much more work to do with debt, future capex, employee investment and much still needed infrastructure. In the long run that would do more for share prices than the current short burst of multi billion dollar purging.
You are correct sir, but you've forgotten a very important point. Management is paid primarily in stock and options. While what you state would indeed be in the long term best interests of our airline, it would
not be in the best interest of maximum short term stock price. By "throwing billions into the shareholder value bonfire", they are actually transferring money for Delta's future...to their own pockets. That's our dilemma.
Carl