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Originally Posted by TheManager
(Post 1172968)
Recently, Alaska annouced a stock buy back program and or split???. If I remember correctly, someone had explained how that makes it less expensive/easier to purchase as they accumulate more of their own shares.
I did not pay attention to it at the time and don't have time to research it. Running kids off to practice. ACL.. can you chime in if its so? You and Bar are sharp on these issues. |
Originally Posted by gloopy
(Post 1173000)
While many think an APA/USAPA tie up would be a huge cluster, I think it would be far better for AA and USAir than either's present trajectory. USAPA would be swiftly and easily done away with and the new SLI would be quickly implimented and the combined airline would get on with things. APA facing Ch 11 or worse and USAPA pits deep in an unwinnable quagmire, an AA/USAir tie up may be the best and maybe even only way out for both.
If they can fight off the scope grab 88 seater fantasy it would be a huge win for them and everyone else. I'd call management's bluff on that too by the way. There is no way they will scuttle a deal of this magnititude that they would otherwise do over 88 seaters going to the cut throats or not. The amount of savings is just inconsequential compared to the big picture. For pilot jobs and the common type pressures of 130+ seaters such a bone headed, myopic stratedgy would eventually result in, I'd go all in and risk 1113 or even Ch 7 over something management doesn't have the stones to do if it came down to it over that issue. That's probably the winning argument in the end. I've been trying to think today (before reading this APA publication) what it was that Parker could have said to APA that would have won them over to his point of view in the light of getting into the Airways SLI mess. It seems like there are some encouraging things in here for the AA pilots, but it also looks like a lot of over-promising too (ie. 100% furlough guarantee?!). If I'm APA, I don't believe half of this stuff, but then I come back to what else am I left with? Standalone AA makes little sense to me now that there are a couple of mega carriers out there. Anyway, this letter sounds like APA is holding Parker's water. Or should I say koolaid. Maybe it's a different flavor than they've had for a very long time. And maybe that's all it takes. Again though, koolaid or not, how else do they avoid getting slaughtered in this bankruptcy? |
gloop i think youre right, two powers at play, Usair needing a fresh start and apa looking to screw amr.
but i dont pay attention much to the usair east/west debacle, because frankly reading their threads is like reading the 911 transcript of a domestic violence call about to turn into a double homicide. it makes a tsquare and carl argument look like pillow talk. :D so run this by me again, america west takes over usair, keeps the name, runs it out of phx, now has an enormous foothold in NE market. SLI comes, east hates it, calls it a windfall, west wants it, right? east bolts to prevent implementation and its waiting a decision by the court. so its a battle of windfall vs binding arbitration? is that about right? i hate to say it, binding arbitration should be binding... until its a windfall. And I'll let the court figure that one out. But the SLI doesnt just happen until the court rules (again) right? |
Originally Posted by Delta1067
(Post 1172654)
Has anyone ever been given SC on their final day of reserve? Sometimes I see pilots with 2 days of avail being given SC and I was wondering if anyone has ever been given SC on their final day of reserve?
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Originally Posted by More Bacon
(Post 1173012)
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Originally Posted by tsquare
(Post 1173021)
I'm sorry, but wasn't this thread about Delta at one time?
So ... sideboob ... lizards procreating ... shenanigans ... hard to maintain one's focus when there's no action to focus on. |
Originally Posted by tsquare
(Post 1173026)
A stock buy back makes the remaining outstanding shares worth more. For example.. Let's say you have 100 shares that represent 50% of the outstanding shares of a company. That would mean that there are 200 shares outstanding. If the company buys back 50 shares, your shares are now worth 67% of the company. If the company is earning $2000 or (EPS of $10/share) prior to the buyback, the earnings on your shares are now higher ($13.33) because the share pool has been reduced. Your stake in the company is now worth much much more. Warren Buffett 101. Value investing. He LOVES stock buybacks of companies he owns.
...OR... Let's say you're Delta and you sell all of your fuel hedges to buy back 1 Billion dollars in DL stock at 62 bucks a share, so your executive stock options are worth more... THAT would be a great idea!;) |
Originally Posted by Bucking Bar
(Post 1173076)
It was about Delta hiring at one time, but it's been a long time since that happened and our management says we are plenty well staffed until 2015. Meanwhile, GoJets is hiring Captains off the street.
So ... sideboob ... lizards procreating ... shenanigans ... hard to maintain one's focus when there's no action to focus on. |
Originally Posted by flyallnite
(Post 1173080)
...OR... Let's say you're Delta and you sell all of your fuel hedges to buy back 1 Billion dollars in DL stock at 62 bucks a share, so your executive stock options are worth more... THAT would be a great idea!;)
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Originally Posted by tsquare
(Post 1173081)
It will be well before 2015. And I think there is lots of stuff to focus on. While the AMR stuff is interesting, it has nothing directly to do with us. Besides, they have their own threads for that stuff... *sigh* I guess this one is just getting a little more boring as time goes on..
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