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Originally Posted by cadetdrivr
(Post 3025242)
I'm sure there's no bias because of their "internal walls" between divisions but isn't JP Morgan, as in JP Morgan Chase, UAL's banker, UAL's largest creditor, UAL's credit card processor, and UAL's largest customer (miles via the UAL credit card)?
The relationship between UAL and JP Morgan Chase is deep and wide. Tilton made that relationship very deep when he presold a ton of UAL FF miles to JPM the last time the ship was sinking. He also reworked the credit card agreement with JPM. The money from JPM kept UAL afloat during the darkest days. |
Originally Posted by Andy
(Post 3025259)
I hadn't considered that aspect. Which analyst do you consider to be the least biased at the moment. (There are 'firewalls' between WS analysts and their banks/brokerages but not really)
Tilton made that relationship very deep when he presold a ton of UAL FF miles to JPM the last time the ship was sinking. He also reworked the credit card agreement with JPM. The money from JPM kept UAL afloat during the darkest days. (Oh, and JP Morgan also had a similar relationship with an airline in IAH with a globe on its tail.) I dunno about the analysts. Ultimately, they are all either selling something or have a conflict. No 'free' advise is really free. So I try to read them all, think about their motivations, and try to find the actual narrative in the weave. |
Originally Posted by cadetdrivr
(Post 3025273)
Yup, and then Tilton left UAL to work for...wait for it...JP Morgan.
(Oh, and JP Morgan also had a similar relationship with an airline in IAH with a globe on its tail.) I dunno about the analysts. Ultimately, they are all either selling something or have a conflict. No 'free' advise is really free. So I try to read them all, think about their motivations, and try to find the actual narrative in the weave. |
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