Any "Latest & Greatest" about Delta?
Gets Weekends Off
Joined APC: Jan 2009
Position: Nice while it lasted
Posts: 326
I put T on my ignore list (in fact, he is the only one on it) a couple of months before the vote but occassionally still see what he is writing.
Gets Weekends Off
Joined APC: Nov 2009
Position: C560XL/XLS/XLS+
Posts: 1,278
BTW Timbo, I agree that the stock buy back is disengenuous. I would much have preferred a 5 for 4, a 3 for 2, or a 2 for 1 stock split. The idea is to reduce the float and buy backs are a waste of cash. Look what happened last time they did that. I will agreee that we did lose about half our retirement in the termination. That's only if the PBGC doesn't go bankrupt. But I don't see that happening any time soon with the market at new highs every day.
"The carrier said Wednesday it will restore its dividend, repurchase shares, continue to reduce debt and carefully manage capital expenditures, prompting JP Morgan analyst Jamie Baker to write in a report Wednesday that "any deployment of cash that benefits stakeholders and leaves less for manufacturers and pilots to pursue must be viewed positively.""
From "the street"
From "the street"
Gets Weekends Off
Joined APC: Jul 2007
Position: Permanently scarred
Posts: 1,707
Abu Dhabi: Deadline
Maybe it's just p!$$in' in the wind, but I have sent my representatives emails via the Call to Action website regarding the Abu Dhabi proposed U.S. customs facility. If you haven't already done so, or even if you have, another email couldn't hurt. I tried calling both my senators, but the calls just end up going to VM, where I left a message. It only takes a few minutes. Time is running out; no time like the present to get an email and phone call in.
Gets Weekends Off
Joined APC: Jul 2010
Position: window seat
Posts: 12,544
As it turned out, I was back in less than 2 minutes.
Gets Weekends Off
Joined APC: Jul 2010
Position: window seat
Posts: 12,544
"The carrier said Wednesday it will restore its dividend, repurchase shares, continue to reduce debt and carefully manage capital expenditures, prompting JP Morgan analyst Jamie Baker to write in a report Wednesday that "any deployment of cash that benefits stakeholders and leaves less for manufacturers and pilots to pursue must be viewed positively.""
From "the street"
From "the street"
Let me ask you--- are you being well served? My W2 was less last year even with the microscopic raise. So we should just be satisfied to be "stakeholders". Well, congratulations fellow stakeholders! Don't spend that good feeling all in one place! Now, get back to work so the people who are making REAL money can get theirs! Once again, the Pilot Management Department of Delta Air Lines, A.K.A. DALPA, has told us we are all set. Absolutely shameful.
Gets Weekends Off
Joined APC: Jul 2010
Position: window seat
Posts: 12,544
I do like the continued product/facility investment capital stratedgy, although TBH I'm not sure what 2-2.5B/yr translates to in real life regarding new aircraft and various product improvements we would continue to see. Is that amount enough to really pull into the fast lane and take the lead, or is that what everyone is spending within the giant wave of eventual fleet refreshment, etc?
I like the continued agressive debt reduction. Free financing from the fantasy printing press can't go on forever, so when the costs of borrowing start to soar, and they will, 7B is a whole lot better than 17B, or even 10B. Of course it could be a lot less than that if we weren't "returning" money to day traders, fund flippers and robotic sector ETFs. I'd much rather push the shares up by running an even better company with an even better product with an even better balance sheet. That money could/should IMO be spent winning marketshare from the competition and generating an even higher yield premium. If we are going to "give back" to anyone it should be the employees and frequent flyers.
That's only if the PBGC doesn't go bankrupt. But I don't see that happening any time soon with the market at new highs every day.
I'm not against share buybacks per say, but how nice would it have been to buy some back at the $6-$7 range just 2 years ago versus $19+ now? It seems like they only move to do things like this in a perpetually reverse arbitrage stratedgy. That seems awfully hard to stay ahead of IMHO, especially in a volitile market surrounding an even more volitile industry that always acts like each upswing is a permanent paradigm shift.
Its all probably geared towards another merger anyway so we can inherit monsterous debt levels from whoever we get and it won't look as unmanageable. We'll see.
Carl
Maybe it's just p!$$in' in the wind, but I have sent my representatives emails via the Call to Action website regarding the Abu Dhabi proposed U.S. customs facility. If you haven't already done so, or even if you have, another email couldn't hurt. I tried calling both my senators, but the calls just end up going to VM, where I left a message. It only takes a few minutes. Time is running out; no time like the present to get an email and phone call in.
Carl
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