Monroe energy
02-01-2019 | 11:48 PM
#1
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02-02-2019 | 08:30 AM
#2
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From: window seat
In any case, it seems like it was a tiny drop in the ocean of multi billion dollar burnbacks, er, I mean buybacks.
02-02-2019 | 10:42 AM
#3
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The refinery probably paid for itself, as it did lower the cost of fuel. However, it lowered the cost of fuel industry wide, not just for Delta. There is no competitive advantage owning it, and there isn't enough profit from the crack spread.
02-02-2019 | 12:24 PM
#4
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From: ir.delta.com
Now that we aren’t maximizing jet fuel production, there isn’t a reason to own it. The contract to take byproducts is over (I think) so to make it pay for itself they had to go back to the most lucrative products split. I was an ok idea that had its day but now that the entire airline industry is off hedges and there’s no advantage we should spin it off and stick to the core business.
02-10-2019 | 06:06 PM
#7
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You buy that load of crap? It was a bad deal and if we could go back, no way our company would buy it again. Have to try and save face.
02-10-2019 | 06:56 PM
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From: window seat
02-11-2019 | 06:50 AM
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The reason Delta has been so successful in the last decade, is because the employees handed management a seamless merger. Management has made some notable blunders. That's why the billions in stock buybacks were totally outrageous.
02-11-2019 | 08:36 AM
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From: Road construction signholder
And who cares about past blunders, IF mgmt learned from them and didn't perpetuate them. You can Google "biggest Apple or Microsoft failures" and entertain yourself for hours. They're both still pretty successful.
And while I think the stock buybacks were a waste, they were chump change compared to some companies...like Apple and Microsoft for example. Look up their recent buybacks and compare to DAL.
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