Any "Latest & Greatest" about Delta?
04-08-2014, 12:03 PM
No longer cares
Joined APC: Mar 2008
Position: 767er Captain
Posts: 12,109
I don't. When a company buys back its stock, does it in any way gain more control? Say, if a company has a million shares out there and buys back 999,999 of them and some little old man has one share at the bottom of his sock drawer, does he go from 0.000001% ownership to 100% ownership? Or does the company basically shed its obligation to outside influences? (yes I know that's over simplistic but my question is do stock buybacks reduce the influence of current shareholders)?
One part I will answer here though. The influence of the retail shareholder is reduced, but it is a very marginal thing, mainly because 100 shares of anything isn't going to move any needle. Big holders, like Warren Buffet, looooove share buybacks. In his letter to shareholders at BRK, he talks about how KO was buying back stock and that that repurchase (of which he did not partake) increased his stake in the company. I think he owns something like 9% of all shares. Now, his percentage is more, and he owns the same number of shares.... Does that answer your question? Your scenario is theoretically correct though. That little old man is Warren Buffett...
04-08-2014, 12:05 PM
:-)
Joined APC: Feb 2007
Posts: 7,339
My my, Southwest continues to slide, look what they did to Airtran.......people are finally waking up I think.
04-08-2014, 12:11 PM
seeing the large hubs...
Joined APC: Oct 2006
Position: 73N A
Posts: 3,747
I have a friend who has conditional employment with Delta, but he's going to a Delta Pilot Review Board because of the Psych Eval. He's military, and has told me that several military guys from his interview group are going to this review board because of the Psych Eval. I've read past post regarding this. I know Delta loves military pilots who are becoming fewer in number these days. What is the likelihood that he'll fly for us? Seems more of a formality to me. He said that his interview went very well.
Basically, it's not a death sentence if that's what you're asking for.
04-08-2014, 12:19 PM
On Reserve
Joined APC: Jul 2008
Position: MSP7ERB
Posts: 1,886
There is a decent change he'll fly for us. There were at least two from my class of 30 that went to that board and made it on. One was a mil guy, great guy. It's hard to tell how many went to the board and didn't make it though. I think the company does a more in-depth research of his references and things like that.
Basically, it's not a death sentence if that's what you're asking for.
Basically, it's not a death sentence if that's what you're asking for.
04-08-2014, 12:25 PM
Gets Weekends Off
Joined APC: Sep 2007
Posts: 1,238
PBS will be down today from 1645-1800. SAVE YOUR WORK NOW!
04-08-2014, 12:44 PM
Gets Weekends Off
Joined APC: Apr 2011
Position: retired 767(dl)
Posts: 5,740
[QUOTE=trlaketige;1619468]Our rates were lower, but we kept our pension.
Ow! Ow! Ow!....gurgle...
Ow! Ow! Ow!....gurgle...
04-08-2014, 12:48 PM
Gets Weekends Off
Joined APC: Apr 2008
Posts: 1,462
04-08-2014, 12:48 PM
Gets Weekends Off
Joined APC: Feb 2008
Posts: 19,596
And a $500 million stock buyback with the stock at even $30 will make how much difference in the stock price? Be sure to factor in that we have around 850 million shares outstanding.... This stock buyback is about something else, and it is nothing nefarious. Personally I think it makes way more sense to use that $500 mil to pay down debt. THe ROI is much much better, but I totally understand their logic in buying stock.
Stock buy backs should increase the stock price. We are planning a second one soon. If you buy back 5% of the outstanding shares the stock price should rise 5% all other things being equal.
Last edited by sailingfun; 04-08-2014 at 01:20 PM.
04-08-2014, 12:49 PM
Gets Weekends Off
Joined APC: Jan 2008
Position: 737A
Posts: 1,890
Interesting jumpseat rumor...supposedly we just had 60+ 777 capt retire in the middle of CQ after getting into an argument with the instructor. Backfill anyone?
04-08-2014, 01:05 PM
Gets Weekends Off
Joined APC: Jun 2010
Posts: 852
Which one would be most likely to point out that you didn't address my statements? Is it a function of management to conclude that you can't attack the statements, so you attack the person? Or is that an ALPA function?
Let me put it this way: I'm glad you agree with me. Recognition of reality is a prerequisite to making good decisions.
Let me put it this way: I'm glad you agree with me. Recognition of reality is a prerequisite to making good decisions.
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