Originally Posted by
JamesBond
I agree that money used in buybacks could be better spent elsewhere, but unfortunately it is a Wall Street thing. Investors (sheep) like them for some reason. I would much rather we pay down debt or spend it on facilities/asset CAPEX. At $45/share and 800M shares outstanding, the needle won't move with the amounts they are spending.
Also, I just noticed that DAL has not moved with the rest of the industry following JBLU's fare hike. Cramer commented on this fare hike yesterday as the industry falling back into the old way of doing things. (fare sales and increased capacity). I think this will be an interesting quarter, but I am looking to trim my positions in the industry.
It could be that we're going after JB in response to their cute little alliances with ME3, opposing the Bank of Boeing reforms and aiding and abetting the enemies of NAI etc. Its hard to go after those airlines directly, but you can go after any who partner with them.