Any "Latest & Greatest" about Delta?
10-28-2011, 07:41 AM
Gets Weekends Off
Joined APC: Jan 2009
Posts: 117
No real dog in this either, but I'm a fan of the Senior Circuit, so I'll be rooting for the Cards. Should be a great game.
10-28-2011, 07:44 AM
Gets Weekends Off
Joined APC: Jan 2010
Posts: 1,503
Delta leads pack in baggage fee revenue
Nashville Business Journal by Chris Baysden, Web Editor
Date: Friday, October 28, 2011, 9:31am CDT
Delta leads the pack when it comes to baggage fee revenue.
Delta Air Lines Inc. Delta Air Lines Inc. Latest from The Business Journals Airlines grab .5B in baggage, change feesAirport traffic slips during monthBaggage, change fees soar at Delta Follow this company </SPAN>collected more baggage fees and reservation change fees in the second quarter of 2011 than any other U.S. airline, according to airline financial data released Thursday by the U.S. Department of Transportation U.S. Department of Transportation Latest from The Business Journals Texas Business Journals Roundup 10-28Baggage, change fees soar at DeltaObama jobs bill could bring .1B for Ohio infrastructure Follow this company </SPAN>s Bureau of Transportation Statistics.
Atlanta-based Delta one of the major carriers at Nashville Internatinoal Airport (BNA) took in $226 million in baggage fees and $201 million in reservation change fees in the second quarter.
Fort Worth, Texas-based American Airlines American Airlines Latest from The Business Journals Airport traffic slips during monthBaggage, change fees soar at DeltaBNIA traffic slows while NFIA takes off Follow this company </SPAN>(NYSE: AMR) was a distant second with $156 million in baggage fee revenue and nearly $127 million in change fee revenue.
After Delta (NYSE: DAL) and American, the top five in terms of baggage fees was rounded out by US Airways US Airways Latest from The Business Journals Airlines grab .5B in baggage, change feesAirport traffic slips during monthWhere does Delta rank in bag fee revenue? Follow this company </SPAN>(NYSE: LCC) with $135 million, Continental with $91 million and United with $71 million.
However, United and Continental have the same parent company: United Continental Holdings Inc. United Continental Holdings Inc. Latest from The Business Journals Airport traffic slips during monthWhere does Delta rank in bag fee revenue?U.S. airlines corralled B in fees in second quarter Follow this company </SPAN>(NYSE: UAL). Together the carriers generated $162 million in baggage fee revenue which would put them ahead of American if they werent listed separately by BTS.
All told, domestic airline industry collected $887 million from baggage fees in the second quarter, a 13 percent increase from the first quarter. The industry got $612 million from reservation change fees in the second quarter, about a 2.3 percent increase from the previous quarter. ...
Delta Air Lines Inc. Delta Air Lines Inc. Latest from The Business Journals Airlines grab .5B in baggage, change feesAirport traffic slips during monthBaggage, change fees soar at Delta Follow this company </SPAN>collected more baggage fees and reservation change fees in the second quarter of 2011 than any other U.S. airline, according to airline financial data released Thursday by the U.S. Department of Transportation U.S. Department of Transportation Latest from The Business Journals Texas Business Journals Roundup 10-28Baggage, change fees soar at DeltaObama jobs bill could bring .1B for Ohio infrastructure Follow this company </SPAN>s Bureau of Transportation Statistics.
Atlanta-based Delta one of the major carriers at Nashville Internatinoal Airport (BNA) took in $226 million in baggage fees and $201 million in reservation change fees in the second quarter.
Fort Worth, Texas-based American Airlines American Airlines Latest from The Business Journals Airport traffic slips during monthBaggage, change fees soar at DeltaBNIA traffic slows while NFIA takes off Follow this company </SPAN>(NYSE: AMR) was a distant second with $156 million in baggage fee revenue and nearly $127 million in change fee revenue.
After Delta (NYSE: DAL) and American, the top five in terms of baggage fees was rounded out by US Airways US Airways Latest from The Business Journals Airlines grab .5B in baggage, change feesAirport traffic slips during monthWhere does Delta rank in bag fee revenue? Follow this company </SPAN>(NYSE: LCC) with $135 million, Continental with $91 million and United with $71 million.
However, United and Continental have the same parent company: United Continental Holdings Inc. United Continental Holdings Inc. Latest from The Business Journals Airport traffic slips during monthWhere does Delta rank in bag fee revenue?U.S. airlines corralled B in fees in second quarter Follow this company </SPAN>(NYSE: UAL). Together the carriers generated $162 million in baggage fee revenue which would put them ahead of American if they werent listed separately by BTS.
All told, domestic airline industry collected $887 million from baggage fees in the second quarter, a 13 percent increase from the first quarter. The industry got $612 million from reservation change fees in the second quarter, about a 2.3 percent increase from the previous quarter.
These are the only fees paid by passengers that BTS can currently identify separately. All other fees paid by passengers are combined in larger categories with other types of revenue, BTS said.
The largest network, low-cost and regional airlines reported operating revenue of $38.6 billion and operating expenses of $36.6 billion for the second quarter. These airlines collect virtually all the fees collected by the airline industry, BTS said.
Read Full Article
1. Every item that passes through a cargo door has revenued attached to it whether it is a straight fee or the revenue attained from the issuing of a gold SkyMiles AMEX card.
2 Thus, it is perfectly acceptable to make the comparison to FedEx and UPS when looking at compensation. We are now more of a hybred airline generating significant revenue from fees.
Nashville Business Journal by Chris Baysden, Web Editor
Date: Friday, October 28, 2011, 9:31am CDT
Delta leads the pack when it comes to baggage fee revenue.
Delta Air Lines Inc. Delta Air Lines Inc. Latest from The Business Journals Airlines grab .5B in baggage, change feesAirport traffic slips during monthBaggage, change fees soar at Delta Follow this company </SPAN>collected more baggage fees and reservation change fees in the second quarter of 2011 than any other U.S. airline, according to airline financial data released Thursday by the U.S. Department of Transportation U.S. Department of Transportation Latest from The Business Journals Texas Business Journals Roundup 10-28Baggage, change fees soar at DeltaObama jobs bill could bring .1B for Ohio infrastructure Follow this company </SPAN>s Bureau of Transportation Statistics.
Atlanta-based Delta one of the major carriers at Nashville Internatinoal Airport (BNA) took in $226 million in baggage fees and $201 million in reservation change fees in the second quarter.
Fort Worth, Texas-based American Airlines American Airlines Latest from The Business Journals Airport traffic slips during monthBaggage, change fees soar at DeltaBNIA traffic slows while NFIA takes off Follow this company </SPAN>(NYSE: AMR) was a distant second with $156 million in baggage fee revenue and nearly $127 million in change fee revenue.
After Delta (NYSE: DAL) and American, the top five in terms of baggage fees was rounded out by US Airways US Airways Latest from The Business Journals Airlines grab .5B in baggage, change feesAirport traffic slips during monthWhere does Delta rank in bag fee revenue? Follow this company </SPAN>(NYSE: LCC) with $135 million, Continental with $91 million and United with $71 million.
However, United and Continental have the same parent company: United Continental Holdings Inc. United Continental Holdings Inc. Latest from The Business Journals Airport traffic slips during monthWhere does Delta rank in bag fee revenue?U.S. airlines corralled B in fees in second quarter Follow this company </SPAN>(NYSE: UAL). Together the carriers generated $162 million in baggage fee revenue which would put them ahead of American if they werent listed separately by BTS.
All told, domestic airline industry collected $887 million from baggage fees in the second quarter, a 13 percent increase from the first quarter. The industry got $612 million from reservation change fees in the second quarter, about a 2.3 percent increase from the previous quarter. ...
Delta Air Lines Inc. Delta Air Lines Inc. Latest from The Business Journals Airlines grab .5B in baggage, change feesAirport traffic slips during monthBaggage, change fees soar at Delta Follow this company </SPAN>collected more baggage fees and reservation change fees in the second quarter of 2011 than any other U.S. airline, according to airline financial data released Thursday by the U.S. Department of Transportation U.S. Department of Transportation Latest from The Business Journals Texas Business Journals Roundup 10-28Baggage, change fees soar at DeltaObama jobs bill could bring .1B for Ohio infrastructure Follow this company </SPAN>s Bureau of Transportation Statistics.
Atlanta-based Delta one of the major carriers at Nashville Internatinoal Airport (BNA) took in $226 million in baggage fees and $201 million in reservation change fees in the second quarter.
Fort Worth, Texas-based American Airlines American Airlines Latest from The Business Journals Airport traffic slips during monthBaggage, change fees soar at DeltaBNIA traffic slows while NFIA takes off Follow this company </SPAN>(NYSE: AMR) was a distant second with $156 million in baggage fee revenue and nearly $127 million in change fee revenue.
After Delta (NYSE: DAL) and American, the top five in terms of baggage fees was rounded out by US Airways US Airways Latest from The Business Journals Airlines grab .5B in baggage, change feesAirport traffic slips during monthWhere does Delta rank in bag fee revenue? Follow this company </SPAN>(NYSE: LCC) with $135 million, Continental with $91 million and United with $71 million.
However, United and Continental have the same parent company: United Continental Holdings Inc. United Continental Holdings Inc. Latest from The Business Journals Airport traffic slips during monthWhere does Delta rank in bag fee revenue?U.S. airlines corralled B in fees in second quarter Follow this company </SPAN>(NYSE: UAL). Together the carriers generated $162 million in baggage fee revenue which would put them ahead of American if they werent listed separately by BTS.
All told, domestic airline industry collected $887 million from baggage fees in the second quarter, a 13 percent increase from the first quarter. The industry got $612 million from reservation change fees in the second quarter, about a 2.3 percent increase from the previous quarter.
These are the only fees paid by passengers that BTS can currently identify separately. All other fees paid by passengers are combined in larger categories with other types of revenue, BTS said.
The largest network, low-cost and regional airlines reported operating revenue of $38.6 billion and operating expenses of $36.6 billion for the second quarter. These airlines collect virtually all the fees collected by the airline industry, BTS said.
Read Full Article
1. Every item that passes through a cargo door has revenued attached to it whether it is a straight fee or the revenue attained from the issuing of a gold SkyMiles AMEX card.
2 Thus, it is perfectly acceptable to make the comparison to FedEx and UPS when looking at compensation. We are now more of a hybred airline generating significant revenue from fees.
10-28-2011, 07:50 AM
Gets Weekends Off
Joined APC: Jan 2010
Posts: 1,503
Also. We should start a pool. Beer Pool, money pool, whatever kind of pool we come up with ( there are some very creative people here), as to when SWA eats there advertising campaign and relents to charging for baggage and other fees.
No way they will continue to give up on that revenue over time.
No way they will continue to give up on that revenue over time.
Last edited by TheManager; 10-28-2011 at 08:05 AM.
10-28-2011, 08:02 AM
Gets Weekends Off
Joined APC: Jan 2010
Posts: 1,503
And, another opinion
Is Delta Air Lines Hiding Weakness?
By Rex Moore |
October 27, 2011 |
$8.60 $-0.04 (-0.46%)
Delta Air Lines (NYSE: DAL ) carries $14.5 billion of goodwill and other intangibles on its balance sheet. Sometimes goodwill, especially when it's excessive, can foreshadow problems down the road. Could this be the case with Delta Air Lines?
Before we answer that, let's look at what could go wrong.
AOL blows up
In early 2002, AOL Time Warner was trading for $66.27 per share. It had $209 billion of assets on its balance sheet, and $128 billion of that was in the form of goodwill and other intangible assets. Goodwill is simply the difference between the price paid for a company during an acquisition and the net assets of the acquired company. The $128 billion of goodwill in this case was created when AOL and Time Warner merged in 2000.
The problem with inflating your net assets with goodwill is that it can -- being intangible, after all -- go away if the acquisition or merger doesn't create the amount of value that was expected. That's what happened in AOL Time Warner's case. It had to write off most of the goodwill over the next few months, and one year later that line item had shrunk to $37 billion. Investors punished the stock along the way, sending it down to $27.04 -- or nearly a 60% loss.
In his fine book It's Earnings That Count, Hewitt Heiserman explains the AOL situation and how two simple metrics can help minimize your risk of owning a company that may blow up like this. Let's see how Delta Air Lines holds up using his two metrics.
Intangible assets ratio
This ratio shows us the percentage of total assets made up by goodwill and other intangibles. Heiserman says he views anything over 20% as worrisome, "because management might be overpaying for the acquisition or acquisitions that gave rise to the goodwill."
Delta Air Lines has an intangible assets ratio of 33%. This is well above Heiserman's threshold, and you should keep a close eye on just how the company is fueling its growth. It's also useful to compare it to tangible book value.
Tangible book value
Tangible book value is simply what remains after subtracting goodwill and other intangibles from shareholders' equity (also known as book value). If this is not a positive value, Heiserman advises you to run away because such companies may "lack the balance sheet muscle to protect themselves in a recession or from better-financed competitors."
Delta Air Lines' tangible book value is -$13.7 billion, so we have another yellow flag.
By the way, I asked Heiserman about the tendency for some large-cap blue chips -- names like Procter & Gamble, IBM, and Altria -- to have a high intangible assets ratio and negative tangible book value. He says this can be OK, provided the company has (1) modest or no net debt, (2) persistent and rising levels of free cash flow, and (3) stock buybacks at a discount to intrinsic value.
Foolish bottom line
To recap, here are Delta Air Lines' numbers, as well as a bonus look at a few other companies in its industry.
If you own Delta Air Lines, or any other company that fails one of these checks, make sure you understand the business model and management's objectives. You can never base an entire investment thesis on one or two metrics, but there is a yellow flag here. I'll help you keep a close eye on these ratios over the next few quarters by updating them soon after each earnings report.
It's Almost Time to Buy A sudden correction and hyper volatility have spooked investors. This is fantastic news. A once-in-a-generation buying opportunity is at hand. Do you know exactly what to buy and how much? Here's a solution.
Follow along as a former hedge fund manager actively manages a $1 million stock portfolio in real time. This is the first and ONLY opportunity this year, by invitation only. Claim your no-obligation invitation plus a never-seen report revealing "5 Handpicked Stocks for the Coming Bull Market." It's free to individual investors for a limited time. Enter your email address in the box below and click the button now.
Fool analyst Rex Moore owns shares of Procter & Gamble but of no other companies mentioned in this article. The Motley Fool owns shares of IBM and Altria Group. Motley Fool newsletter services have recommended buying shares of Southwest Airlines and Procter & Gamble. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
By Rex Moore |
October 27, 2011 |
$8.60 $-0.04 (-0.46%)Delta Air Lines (NYSE: DAL ) carries $14.5 billion of goodwill and other intangibles on its balance sheet. Sometimes goodwill, especially when it's excessive, can foreshadow problems down the road. Could this be the case with Delta Air Lines?
Before we answer that, let's look at what could go wrong.
AOL blows up
In early 2002, AOL Time Warner was trading for $66.27 per share. It had $209 billion of assets on its balance sheet, and $128 billion of that was in the form of goodwill and other intangible assets. Goodwill is simply the difference between the price paid for a company during an acquisition and the net assets of the acquired company. The $128 billion of goodwill in this case was created when AOL and Time Warner merged in 2000.
The problem with inflating your net assets with goodwill is that it can -- being intangible, after all -- go away if the acquisition or merger doesn't create the amount of value that was expected. That's what happened in AOL Time Warner's case. It had to write off most of the goodwill over the next few months, and one year later that line item had shrunk to $37 billion. Investors punished the stock along the way, sending it down to $27.04 -- or nearly a 60% loss.
In his fine book It's Earnings That Count, Hewitt Heiserman explains the AOL situation and how two simple metrics can help minimize your risk of owning a company that may blow up like this. Let's see how Delta Air Lines holds up using his two metrics.
Intangible assets ratio
This ratio shows us the percentage of total assets made up by goodwill and other intangibles. Heiserman says he views anything over 20% as worrisome, "because management might be overpaying for the acquisition or acquisitions that gave rise to the goodwill."
Delta Air Lines has an intangible assets ratio of 33%. This is well above Heiserman's threshold, and you should keep a close eye on just how the company is fueling its growth. It's also useful to compare it to tangible book value.
Tangible book value
Tangible book value is simply what remains after subtracting goodwill and other intangibles from shareholders' equity (also known as book value). If this is not a positive value, Heiserman advises you to run away because such companies may "lack the balance sheet muscle to protect themselves in a recession or from better-financed competitors."
Delta Air Lines' tangible book value is -$13.7 billion, so we have another yellow flag.
By the way, I asked Heiserman about the tendency for some large-cap blue chips -- names like Procter & Gamble, IBM, and Altria -- to have a high intangible assets ratio and negative tangible book value. He says this can be OK, provided the company has (1) modest or no net debt, (2) persistent and rising levels of free cash flow, and (3) stock buybacks at a discount to intrinsic value.
Foolish bottom line
To recap, here are Delta Air Lines' numbers, as well as a bonus look at a few other companies in its industry.
Company
Intangible Assets Ratio
Tangible Book Value (Millions)
Delta Air Lines33%($13,723)US Airways Group (NYSE: LCC ) 6%($403)Southwest Airlines (NYSE: LUV ) 5%$5,515United Continental Holdings (NYSE: UAL ) 24%($7,396)Data provided by S&P Capital IQ.Intangible Assets Ratio
Tangible Book Value (Millions)
If you own Delta Air Lines, or any other company that fails one of these checks, make sure you understand the business model and management's objectives. You can never base an entire investment thesis on one or two metrics, but there is a yellow flag here. I'll help you keep a close eye on these ratios over the next few quarters by updating them soon after each earnings report.
It's Almost Time to Buy A sudden correction and hyper volatility have spooked investors. This is fantastic news. A once-in-a-generation buying opportunity is at hand. Do you know exactly what to buy and how much? Here's a solution.
Follow along as a former hedge fund manager actively manages a $1 million stock portfolio in real time. This is the first and ONLY opportunity this year, by invitation only. Claim your no-obligation invitation plus a never-seen report revealing "5 Handpicked Stocks for the Coming Bull Market." It's free to individual investors for a limited time. Enter your email address in the box below and click the button now.
Fool analyst Rex Moore owns shares of Procter & Gamble but of no other companies mentioned in this article. The Motley Fool owns shares of IBM and Altria Group. Motley Fool newsletter services have recommended buying shares of Southwest Airlines and Procter & Gamble. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
10-28-2011, 09:13 AM
Gets Weekends Off
Joined APC: Jul 2006
Position: Boeing Hearing and Ergonomics Lab Rat, Night Shift
Posts: 1,724
Also. We should start a pool. Beer Pool, money pool, whatever kind of pool we come up with ( there are some very creative people here), as to when SWA eats there advertising campaign and relents to charging for baggage and other fees.
No way they will continue to give up on that revenue over time.
No way they will continue to give up on that revenue over time.
Somewhere in Dallas theres a bunch of guys going "we could cover our hedging losses with baggage fees"
when the "bags fly free" ads end and the "free bags fly here" stickers disappear you know its about 6 months away.
I bet none of the 737-800 coming will have those decals...
Once they charge for bags, goodbye quick-turns, especially on the 800...
Cheers
George
10-28-2011, 09:51 AM
veut gagner ΰ la loterie
Joined APC: Apr 2008
Position: Light Chop
Posts: 23,286
I don't know if I'd ever compare AOL/Time to Delta Air Lines.
One (AOL) offers nothing and is a kiss of death in a merger, the other is Delta Air Lines. We actually do produce something of value that people want and therefore while numbers can look the same on a financial statement to me it is nothing more than comparing the TD to INT ratio of a kid playing NFL Madden and a real NFL QB. They both have numbers but one is just not real. It has a lot of money but it's not really worth anything.
That's my humble opinion.
Also this:
Now isn't Delta making a $765M Q3 profit in a recession? Well it's not a recession FTB, you moron. Sure feels the same as one.
One (AOL) offers nothing and is a kiss of death in a merger, the other is Delta Air Lines. We actually do produce something of value that people want and therefore while numbers can look the same on a financial statement to me it is nothing more than comparing the TD to INT ratio of a kid playing NFL Madden and a real NFL QB. They both have numbers but one is just not real. It has a lot of money but it's not really worth anything.
That's my humble opinion.
Also this:
Tangible book value is simply what remains after subtracting goodwill and other intangibles from shareholders' equity (also known as book value). If this is not a positive value, Heiserman advises you to run away because such companies may "lack the balance sheet muscle to protect themselves in a recession or from better-financed competitors."
10-28-2011, 12:02 PM
Gets Weekends Off
Joined APC: Jan 2010
Posts: 1,503
10-28-2011, 12:05 PM
Da Hudge
Joined APC: Oct 2006
Position: Poodle Whisperer
Posts: 17,473
10-28-2011, 01:42 PM
Gets Weekends Off
Joined APC: Oct 2010
Position: Decoupled
Posts: 922
Scambo,
I didn't mean to "dis" what you're doing. I was just trying to contribute to the discussion. Investing is a topic of interest to me too. And I see nothing wrong with anything you've posted. It's your opinion and it might be really helpful to someone.
I think it's important to note that you and I are essentially talking about two different things... day trading and investing. You are talking about day trading. I am talking about investing for the long term. We both are using risk management techniques. Personally, I'm not big on day trading. I see comparing day trading with a more long term, consistent investment approach as being kind of a tortoise and the hare parallel. But I'm not knocking what you're doing. It's just not right for me... just like what I'm doing isn't right for you. It's up to each individual to find an investment/trading method that is a good fit for their objectives, time horizon, temperament, and tolerance for risk.
Thanks for the discussion. Whether you and I agree or not, I think it's a topic of interest to many here. I don't think any of us want to see the "Latest & Greatest" turn into an investment forum. But don't stop posting on this topic when you have something to say.
Are we cool now?
I didn't mean to "dis" what you're doing. I was just trying to contribute to the discussion. Investing is a topic of interest to me too. And I see nothing wrong with anything you've posted. It's your opinion and it might be really helpful to someone.
I think it's important to note that you and I are essentially talking about two different things... day trading and investing. You are talking about day trading. I am talking about investing for the long term. We both are using risk management techniques. Personally, I'm not big on day trading. I see comparing day trading with a more long term, consistent investment approach as being kind of a tortoise and the hare parallel. But I'm not knocking what you're doing. It's just not right for me... just like what I'm doing isn't right for you. It's up to each individual to find an investment/trading method that is a good fit for their objectives, time horizon, temperament, and tolerance for risk.
Thanks for the discussion. Whether you and I agree or not, I think it's a topic of interest to many here. I don't think any of us want to see the "Latest & Greatest" turn into an investment forum. But don't stop posting on this topic when you have something to say.
Are we cool now?
.Investing/money management is actually a valid topic at L&G given that each of us is now responsible for the performance of our retirement accounts. 88 Driver has mentored a lot of guys. I imagine Scambo1 has had a conversation or two on the flight deck. I know I have.
88 Driver, there is more to it than investing or day trading. What you are doing is investing using a bullish trading strategy. The projected timeline for your positions generally ranges from 3 months to as much as 4 years. Day trading is usually opened and closed on the same day or within 24 hours. You are correct, it is extremely difficult to do consistently.
There is a middle ground. It's called trading. You do it when the opportunity presents itself and the probabilities align with your trading opinion. That's what Scambo1 is doing. Most of these strategies have a life of 2 weeks to 2 months.
I do both investing using the exact same method as you and trading like Scambo1. They are not incompatible. They are just different. When I trade I do defined risk strategies. I never trade naked. I trade high proability strategies. I sell premium. I don't need stops because I define my risk from the outset. I use TNA as one of the mainstays of my trading. But, I am an experienced trader. It's not for a beginner. It's not dangerous if used properly.
Here is my prediction. Now that the market has gone up in a dramatic fashion, the probabilities are beginning to shift the other way. It's not quite time, yet. But, it if the S&P goes up closer to 1300, it will be time to short. I have closed many of my bullish trades in the last few days. My trading powder is dry and I am waiting for the right entry point. Yes, you can make money both ways. You just have to be flexible. This has been a great trader's market. Not so good for the buy and hold guys.
10-28-2011, 02:40 PM
Gets Weekends Off
Joined APC: Aug 2010
Posts: 2,530
Orville, no ones disputing the place that trading has in a strategy. The only thing we are discussing this is that on Oct 2, Scambo said to park all your investible assets in a money market and wait for the market to fall off the cliff in 2-3 weeks. It has done nothing but gone up since and had anyone taken his advice, they would has missed out on significant gains. Now he is saying that he has been long the market since his "falling off the cliff call" and made good money.
Just think it's funny, that's all.
Just think it's funny, that's all.
Thread
Thread Starter
Forum
Replies
Last Post
