UAL Pensions
10-08-2007 | 12:48 PM
#22
Line Holder
Joined: Aug 2006
Posts: 83
Likes: 0
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!
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!
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.
10-08-2007 | 02:34 PM
#23
Gets Weekends Off
Joined: Jun 2006
Posts: 998
Likes: 0
From: B737/Capt
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.
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.
Color me any color you want, but we should again go back to the discussion about the devaluation of this "cash" cow during the bankruptcy process. If in fact the employees and retirees were forced to settle for what you currently have instead of valuating the frequent flyer program fairly then I would say you have an argument for reconsideration.
Personally I would rather take the financial raw data and make evaluations based on fundamentals. A conference call is like an infomercial and if you wish to believe what is being put forward as the gospel then have at it.
If as peons we accept anything that management throws at us then we are truly just that - PEONS!
10-08-2007 | 02:58 PM
#24
Line Holder
Joined: Dec 2005
Posts: 1,062
Likes: 2
From: FO, looking left
7576FO,
I am really busy so I can't give you the full answer and reasoning behind it right now. How about on Friday I will give you a full and interesting post. And I am not CFII'ing anymore...I should probably change that.
I am really busy so I can't give you the full answer and reasoning behind it right now. How about on Friday I will give you a full and interesting post. And I am not CFII'ing anymore...I should probably change that.
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