Originally Posted by
e6bpilot
Idiot conversations like this are why I never ask a Chief about anything not related to their actual job.
That is the dumbest reason I have ever heard. That top hat money is accounted for on the balance sheet and while the company is "holding it", it isn't theirs and never will be=12pt.
Au contraire! Top Hat money can be theirs if things got bad enough and they declared bankruptcy. That’s a pretty doom & gloom scenario but I’m just playing devils advocate.
To look at this scenario through very bullish glasses, perhaps they don’t want to give early outs (just yet) so that when things come roaring back they’ll have the man power and MAXes to really grab some extra market share. I don’t know. Crazier things have happened in this industry.