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They are trying to raise cash using GS as an underwriter. If GS could sell all shares around the current price that would be roughly $173M for CAL. Plus CAL received other financing for 737's on order that are arriving this year and next.
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CAL's stock price is the highest of any legacy carrier. I think a lot of people with money have a huge vested interest in seeing CAL succeed. For these reasons I conclude that we all tell the company "FUPM!"
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Originally Posted by TheQuan
(Post 665905)
CAL's stock price is the highest of any legacy carrier. I think a lot of people with money have a huge vested interest in seeing CAL succeed. For these reasons I conclude that we all tell the company "FUPM!"
Leaders in Market Capitalization DELTA AIR LINES NEW [DAL] $5.1 B CHINA SOUTH AIR LTD [ZNH] $2.3 B CHINA EASTERN AIRLNE [CEA] $2.3 B TAM S.A. ADS [TAM] $2.0 B CONTL AIRLINES CL B [CAL] $1.4 B A M R CP [AMR] $1.4 B UAL Corporation [UAUA] $812.1 M US AIRWAYS GROUP INC [LCC] $381.6 M |
Originally Posted by slowplay
(Post 665910)
Stock price alone doesn't reflect the value of a company. Here are some Market Caps from Yahoo today. They aren't perfect, but they give a good snapshot of business value. For reference Southwest is at $6.3B. SKYW at $820 million is worth more than UAUA, AirTran ($767) or Alaska ($792):
Leaders in Market Capitalization DELTA AIR LINES NEW [DAL] $5.1 B CHINA SOUTH AIR LTD [ZNH] $2.3 B CHINA EASTERN AIRLNE [CEA] $2.3 B TAM S.A. ADS [TAM] $2.0 B CONTL AIRLINES CL B [CAL] $1.4 B A M R CP [AMR] $1.4 B UAL Corporation [UAUA] $812.1 M US AIRWAYS GROUP INC [LCC] $381.6 M Understood. That's why I think it's relevant to take everything into consideration. The UPO, the financing received, and the stock price. My previous statement also relates to how closely tied CAL and Chase are. Chase has put a lot of money towards CAL. |
Originally Posted by Short Bus Drive
(Post 665833)
AMEN!!! :cool:
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Originally Posted by slowplay
(Post 665887)
It's substantially different on several levels. The biggest ones are balance sheets and core business performance. While the timing wasn't perfect for DAL/NWA, it's relatively awful for CAL/UAUA.
DAL/NWA was able to extract $2 billion in "free" money from Amex to remain the preferred credit card provider for the new airline. UAL/CAL won't have that opportunity in this econcomic environment, especially since much of Mileage Plus is already collateralized. |
Originally Posted by southbound
(Post 665799)
Seems like if we have all learned anything in the past ten years it would be in our best interest to look out for PILOTS and not individual companies. These companies, CAL and UAL are are mere shells of what we professional pilots signed up for.
If there is a merger lets look out for US, the PILOTS, regardless of which carrier we came from. Look what all the fighting at USAir/AmWest has done for those individual pilots. Ego and nothing else has cost those guys tens of thousands of dollars. |
Originally Posted by slowplay
(Post 665910)
Stock price alone doesn't reflect the value of a company. Here are some Market Caps from Yahoo today. They aren't perfect, but they give a good snapshot of business value. For reference Southwest is at $6.3B. SKYW at $820 million is worth more than UAUA, AirTran ($767) or Alaska ($792):
Leaders in Market Capitalization DELTA AIR LINES NEW [DAL] $5.1 B CHINA SOUTH AIR LTD [ZNH] $2.3 B CHINA EASTERN AIRLNE [CEA] $2.3 B TAM S.A. ADS [TAM] $2.0 B CONTL AIRLINES CL B [CAL] $1.4 B A M R CP [AMR] $1.4 B UAL Corporation [UAUA] $812.1 M US AIRWAYS GROUP INC [LCC] $381.6 M DAL has approximately 778 million shares outstanding.... UAL only 145 million CAL 124 million AMR 280 million LCC 132 million |
Originally Posted by catIIIc
(Post 665790)
If this thing comes to fruition it will be a relative seniority merge +/- 1-2% just like DL/NW, AW/USair..
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Originally Posted by 757Driver
(Post 666146)
Don't bet on it. UAL has a very big reason to not let this transpire. When it comes down to brass tacks I'll bet UAL looks for a DOH scenario while CAL pushes for Relative Seniority.
I (like many others) will be livid if career expectations are not taken into consideration if this supposed merger happens. Some of us are at CAL by choice. 2 years ago everyone was hiring. This is different from a certain group of guys at CAL 25 years ago who COULDN'T get hired anywhere else. Either way - we better stop these furloughs to improve our chances of favorable integration terms. There is a merged list floating around somewhere, I think purely on DOH. Anyone care to share it? |
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