And now the grants are not grants?
04-12-2020, 10:00 AM
#21
Gets Weekends Off
Joined APC: Feb 2012
Position: CRJ FO
Posts: 4,599
Originally Posted by detpilot
I have a great idea... Let's spend a few billion of our cash to buy back stocks now that they're cheap! I'll stand by for my management position...
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04-12-2020, 11:31 AM
#22
Gets Weekends Off
Joined APC: Apr 2008
Position: Sleeping in the black swan’s nest.
Posts: 5,709
Originally Posted by oldmako
Look at Tilton and Smisek. One presided over the largest bankruptcy in history and walked away with 40 plus Million. The other was handed the keys to a cash machine and tried his best to wreck it. He broke actual laws in the process yet he still walked away with at least 12M. Does anyone here think that was a failure in their eyes? Anyone who is about to have his pay and bene's slashed again??
With that kind of ching, who cares about your career or "legacy"? They can snort coke off the oh-so-firm bellies of 1000 dollar a night hookers and eat tenderloin while sipping the world's most expensive Cabernet for the rest of their days. With that kind of failure behind me, I'd be fishing the keys off of my 35-foot center console while laughing my a$$ off for the rest of my life.
With that kind of ching, who cares about your career or "legacy"? They can snort coke off the oh-so-firm bellies of 1000 dollar a night hookers and eat tenderloin while sipping the world's most expensive Cabernet for the rest of their days. With that kind of failure behind me, I'd be fishing the keys off of my 35-foot center console while laughing my a$$ off for the rest of my life.
04-12-2020, 11:37 AM
#23
Gets Weekends Off
Joined APC: Jan 2014
Posts: 425
Originally Posted by oldmako
Look at Tilton and Smisek. One presided over the largest bankruptcy in history and walked away with 40 plus Million. The other was handed the keys to a cash machine and tried his best to wreck it. He broke actual laws in the process yet he still walked away with at least 12M. Does anyone here think that was a failure in their eyes? Anyone who is about to have his pay and bene's slashed again??
With that kind of ching, who cares about your career or "legacy"? They can snort coke off the oh-so-firm bellies of 1000 dollar a night hookers and eat tenderloin while sipping the world's most expensive Cabernet for the rest of their days. With that kind of failure behind me, I'd be fishing the keys off of my 35-foot center console while laughing my a$$ off for the rest of my life.
With that kind of ching, who cares about your career or "legacy"? They can snort coke off the oh-so-firm bellies of 1000 dollar a night hookers and eat tenderloin while sipping the world's most expensive Cabernet for the rest of their days. With that kind of failure behind me, I'd be fishing the keys off of my 35-foot center console while laughing my a$$ off for the rest of my life.
04-12-2020, 11:53 AM
#24
Banned
Joined APC: May 2014
Position: Tom’s Whipping boy.
Posts: 1,182
Originally Posted by detpilot
I have a great idea... Let's spend a few billion of our cash to buy back stocks now that they're cheap! I'll stand by for my management position...
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This is the 2020 equivalent of the 2008 bank bailouts. As a result junk bond ETF’s went up 6% in one day! ALL In Boys. The money machine is open.
https://www.marketwatch.com/story/de...ars-2020-03-24
https://www.reuters.com/article/us-u...-idUSKCN21R2HC
04-12-2020, 12:25 PM
#25
Gets Weekends Off
Joined APC: Mar 2017
Posts: 217
Originally Posted by baseball
But, why sell that much stock in the first place if you just want to go out and spend money to buy it back? I don't get it. Why not have some planning on how many shares to sell?
=12pt
Say you need to add cash to the balance sheet for any number of reasons, buy a new plane, refurb a HQ building or just shore up financials for the future. Its easier to just sell some stock, take the cash and use the money vs negotiating a debt deal. Isnt it easier to just use cash to buy a new lawn mower than to try and finance it and negotiating terms?
Well why not just issue additional stock? Typically companies are constrained by shareholder agreements that limit the number of outstanding stock. If there are 100 shares outstanding and the company owns 50 and investors own 50, the company can sell 20 to raise some money but 100 are still oustanding, the balance is now just 70/30. The company cannot add 20 to create 120 shares outstanding as this dilutes the existing shareholders. It is the same reason that we cant just print more money from the FED. It dilutes the existing dollars and creates inflation.
disclaimer: i fully oppose the company engaging in buybacks and am not defending the company but there is a logic to why shares are sold and then bought back. Unfortunately this time, the company violated Gordon Gecko’s #1 rule. We sold low and bought high...
04-12-2020, 04:05 PM
#26
Gets Weekends Off
Joined APC: Sep 2006
Posts: 621
Originally Posted by oldmako
Look at Tilton and Smisek. One presided over the largest bankruptcy in history and walked away with 40 plus Million. The other was handed the keys to a cash machine and tried his best to wreck it. He broke actual laws in the process yet he still walked away with at least 12M. Does anyone here think that was a failure in their eyes? Anyone who is about to have his pay and bene's slashed again??
With that kind of ching, who cares about your career or "legacy"? They can snort coke off the oh-so-firm bellies of 1000 dollar a night hookers and eat tenderloin while sipping the world's most expensive Cabernet for the rest of their days. With that kind of failure behind me, I'd be fishing the keys off of my 35-foot center console while laughing my a$$ off for the rest of my life.
With that kind of ching, who cares about your career or "legacy"? They can snort coke off the oh-so-firm bellies of 1000 dollar a night hookers and eat tenderloin while sipping the world's most expensive Cabernet for the rest of their days. With that kind of failure behind me, I'd be fishing the keys off of my 35-foot center console while laughing my a$$ off for the rest of my life.
04-13-2020, 06:39 AM
#30
Gets Weekends Off
Joined APC: Mar 2007
Position: .
Posts: 348
Why would anyone think a company is entitled to free money from the government? By the way, 1% interest on billions of dollars and only having to pay back 30%..... that seems like a pretty generous gift to me.
United and the other airlines would be foolish not to take that deal.
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United and the other airlines would be foolish not to take that deal.
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