Any "Latest & Greatest" about Delta?
08-10-2010, 05:19 AM
veut gagner à la loterie
Joined APC: Apr 2008
Position: Light Chop
Posts: 23,286
I've heard about that through the years. What a travesty. I just read up on the guy, I guess the best part is he spent $40M of his own fortune to come in second in the Democrat primary in California in 1998. Got 12% of the vote in a primary and spent $33M more than the guy who won it. Dude evidently has no concept outside of himself. Probably thought he'd become President.
08-10-2010, 05:24 AM
Gets Weekends Off
Joined APC: Jun 2009
Posts: 5,113
Originally Posted by forgot to bid
Hey you finanical wizards, how much would it cost to buy Delta?
Just curious. There is a certain regional airline group that likes to say "we have enough money to buy Delta!"
I see we have an enterprise value as of this morning of $20.75B. But I guess if our stock price is $12 and there are 789M outstanding shares to wrestle 51% would cost you around $5B. Thats of course if the price doesn't run up do to merger talks.
I'm only seeing this said regional as having a $719M cash on hand. Is that enough?
I've never bought a major company before so I don't know how this works...
Just curious. There is a certain regional airline group that likes to say "we have enough money to buy Delta!"
I see we have an enterprise value as of this morning of $20.75B. But I guess if our stock price is $12 and there are 789M outstanding shares to wrestle 51% would cost you around $5B. Thats of course if the price doesn't run up do to merger talks.
I'm only seeing this said regional as having a $719M cash on hand. Is that enough?
I've never bought a major company before so I don't know how this works...
I think the group in question making a boast about their financial security, and not expressing an intent, or even a possibility. The way you might have a net worth of $200 K, and you might say you could own a $1,000,000 home, since you have 20% down, and great credit. In this case, I think they're not credible. Just as a bank wouldn't loan you $800K (well, maybe you, but not me) for a house, I don't think anyone would get backing for a company with $700 millioncash on hand to take over a company valued at $10 billion. Unless of course there was an incredible difference in the competence of the respective managements, or some obscene degree of underperformance at the large carrier, and some stellar management available at the smaller carrier to fix all the problems. The smaller company would have to have some unusual assets that would unlock the value of the bigger company, such as some very valuable rights, some special routes, some great real estate, or something of the sort. And then, it would take financing from banks and investors feeling particularly sanguine about the deal itself, the industry, and the economy.
So... while I can't claim to be a financing type, it seems to me that a lot of the real crazy, highly leveraged deals have fallen out of fashion, to the point where "leverage" is almost a dirty word.
Another way to look at this is to think "UsAirways". If Parker couldn't pull it off, with much financial backing, while we were in bankrupcty...
...
You always have great pictures to drive a point across. Here is an appropriate metaphor (or is it an allegory?) to describe what might happen. It only goes so far, because it doesn't describe how the python would fare against an 800-lb gorilla.
Photo in the News: Python Bursts After Eating Gator (Update)
Last edited by Sink r8; 08-10-2010 at 05:57 AM.
08-10-2010, 05:31 AM
Doesn't Get Weekends Off
Joined APC: Jun 2007
Posts: 2,598
Originally Posted by sinca3
...or get the app that allows for unlimited data trfr and numerous tethering FOR FREE!
08-10-2010, 06:23 AM
No longer cares
Joined APC: Mar 2008
Position: 767er Captain
Posts: 12,109
Originally Posted by NuGuy
Apple has gotten their last schekle out of me.
Their website says if your battery is getting bad, bring your phone in, and we'll replace it. Takes a week, and costs $89.
So I go to the local Apple store (which always smells like a locker room these days), managed to stop one of their employees (apparently "Homless Chic" is the dress code). They go "well, normally we'd need you to make an appointment for that, but let me see if someone can help you".
So homeless guy #2 takes 15 seconds to explain to me that Apple no longer will replace batteries, but they exchange the whole phone. "Fine", I say, "I synced the phone before I left home, and cloned to my GFs old iPhone..all I have to do is switch SIMs",
Him: "Plus it the exchange will cost $199 and take a week".
Well screw that. On my way home, I stopped by a whole-in-the wall cell phone place that actually fixes phones. They swapped my battery out for a nominal cost, and it was done in 30 minutes.
Between this, and their retarded file system and locked down app store, when this phone dies, it's an Android for sure....
Nu
Their website says if your battery is getting bad, bring your phone in, and we'll replace it. Takes a week, and costs $89.
So I go to the local Apple store (which always smells like a locker room these days), managed to stop one of their employees (apparently "Homless Chic" is the dress code). They go "well, normally we'd need you to make an appointment for that, but let me see if someone can help you".
So homeless guy #2 takes 15 seconds to explain to me that Apple no longer will replace batteries, but they exchange the whole phone. "Fine", I say, "I synced the phone before I left home, and cloned to my GFs old iPhone..all I have to do is switch SIMs",
Him: "Plus it the exchange will cost $199 and take a week".
Well screw that. On my way home, I stopped by a whole-in-the wall cell phone place that actually fixes phones. They swapped my battery out for a nominal cost, and it was done in 30 minutes.
Between this, and their retarded file system and locked down app store, when this phone dies, it's an Android for sure....
Nu
Just so we are all clear.. Delta Air Lines has nothing to do with Apple or the iPhone. That is all...
08-10-2010, 06:29 AM
The Brown Dot +1
Joined APC: Jun 2009
Position: 777B
Posts: 7,775
Originally Posted by tsquare
Just so we are all clear.. Delta Air Lines has nothing to do with Apple or the iPhone. That is all...
T for the win
08-10-2010, 06:44 AM
Gets Weekends Off
Joined APC: Jun 2008
Posts: 3,716
Thought jumpseat booking was 5 1/2 days out going to work...noticed a jumpseat that has a date of 10 days out. Whats with that, thx.
08-10-2010, 06:51 AM
Gets Weekends Off
Joined APC: Sep 2008
Position: Kickin’ Back
Posts: 6,971
Originally Posted by iceman49
Thought jumpseat booking was 5 1/2 days out going to work...noticed a jumpseat that has a date of 10 days out. Whats with that, thx.
Denny
08-10-2010, 06:53 AM
veut gagner à la loterie
Joined APC: Apr 2008
Position: Light Chop
Posts: 23,286
Originally Posted by Sink r8
Originally Posted by Sink r8
I think the group in question making a boast about their financial security, and not expressing an intent, or even a possibility. The way you might have a net worth of $200 K, and you might say you could own a $1,000,000 home, since you have 20% down, and great credit. In this case, I think they're not credible. Just as a bank wouldn't loan you $800K (well, maybe you, but not me) for a house, I don't think anyone would get backing for a company with $700 millioncash on hand to take over a company valued at $10 billion. Unless of course there was an incredible difference in the competence of the respective managements, or some obscene degree of underperformance at the large carrier, and some stellar management available at the smaller carrier to fix all the problems. The smaller company would have to have some unusual assets that would unlock the value of the bigger company, such as some very valuable rights, some special routes, some great real estate, or something of the sort. And then, it would take financing from banks and investors feeling particularly sanguine about the deal itself, the industry, and the economy.
So... while I can't claim to be a financing type, it seems to me that a lot of the real crazy, highly leveraged deals have fallen out of fashion, to the point where "leverage" is almost a dirty word.
Another way to look at this is to think "UsAirways". If Parker couldn't pull it off, with much financial backing, while we were in bankrupcty...
...
You always have great pictures to drive a point across. Here is an appropriate metaphor (or is it an allegory?) to describe what might happen. It only goes so far, because it doesn't describe how the python would fare against an 800-lb gorilla.
So... while I can't claim to be a financing type, it seems to me that a lot of the real crazy, highly leveraged deals have fallen out of fashion, to the point where "leverage" is almost a dirty word.
Another way to look at this is to think "UsAirways". If Parker couldn't pull it off, with much financial backing, while we were in bankrupcty...
...
You always have great pictures to drive a point across. Here is an appropriate metaphor (or is it an allegory?) to describe what might happen. It only goes so far, because it doesn't describe how the python would fare against an 800-lb gorilla.
Are you by the way saying 50 seat RJ's are not an "unusual asset that would unlock the value of the bigger company..."
08-10-2010, 06:57 AM
Gets Weekends Off
Joined APC: Jun 2008
Posts: 3,716
Thanks Denny, thats what I was thinking...so why don't they get a positive space in the back like other company individuals going to work?
08-10-2010, 07:01 AM
Gets Weekends Off
Joined APC: Feb 2007
Position: 765-A
Posts: 6,844
Gentlemen,
It must have been about 1000 pages ago when one of you said you knew how to "hotwire" or trick the a/c systems in hotel rooms that are eco friendly green and shut off after 30-40 minutes.
HELP! How do you do that?
This a/c system has made a nice room and nice layover crappy.
It must have been about 1000 pages ago when one of you said you knew how to "hotwire" or trick the a/c systems in hotel rooms that are eco friendly green and shut off after 30-40 minutes.
HELP! How do you do that?
This a/c system has made a nice room and nice layover crappy.
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