Originally Posted by
OscartheGrouch
JSLED,
Fact is no responsible lending institution would lend money to an individual (or even a corporation) with the debt to asset ratio UAL has. I am sure they are looking at lending at a large percentage with this client as opposed to lending to someone with a good credit rating. So you go right ahead and keep fooling yourself and trying to fool others as to how good UAL's financial condition is. Oh! and that 5B in so called cash you keep referring to is free and not encumbered cash is it? I seriously doubt that and if you can show me that it is collecting interest without some other debt dragging it down I would love to see evidence of that. Dream on!
Exactly what color is the sky in your world? You obviously didn't listen to the second quarter conference call. The analysts were tripping over themselves to get information on the mileage plus spinoff that Bear Sterns estimated at between seven and twenty two billion. Oh, and did you see the part in the 10Q where Tilton has hired Goldman Sachs to help in the merger process? Is that a reputable enough company for you?
Seriously, I'd hold on if I were you, Tilton is hell bent on consolidating the industry the way the oil industry was in the '90's, and it's going to get ugly for us peons.