I like much of what you wrote in that post, but you have to admit that the part quoted is pretty funny. Ignore them, but believe me that profits are going up and up!

I think the undeniable fact is that the future value of the PS is speculative. Personally, I've thought Delta was a good investment for several years. I don't base that at all on what we employees are being told, but based on what the owners are being told via earning calls and guidance, and even that, I usually discount. Overall, I want upside protection, but I'm also reducing my exposure to the stock. For the same reasons, it might be OK to have a little less exposure to the company's performance via PS, if it implies a trade in addition to rate increases, not a self-funded "raise".

Thing is, I have absolutely no idea how you could prove the result was one or the other.