$100,000,000.00 stock buyback
10-26-2017, 03:09 PM
#1
Banned
Thread Starter
Joined APC: Apr 2017
Posts: 409
$100,000,000.00 stock buyback
Spirit Management is authorizing another $100,000,000.00 STOCK BUYBACK.
That makes $400,000,000.00 dollars of stock buybacks the past few years, ALMOST HALF A BILLION DOLLARS and these greedy SOBs offer a paltry $60,000,000.00 in a "Signing Bonus", are you F'ng kidding me?
Lets Summarize, shall we?
- Stock buybacks are basically a way for companies to increase their own pay without creating anything tangible. Why Pay your employees when you can line your own pockets off their hard work?
-They love to use the phrase, “We’re returning the cash to the shareholders”, which we heard today on the earnings call. What a bunch of BS. They are basically saying they have no new innovative ideas but I really want my bonus and I’m willing to sacrifice the future of the company to get it. We don't give a rat's ass about this company, its employees, or its employees family so F---- all of you, its all about MEMEMEME.
This company spends $400,000,000.00 on a stock that has been cut in half yet they cant offer us Scope language WHICH DOESN'T COST THEM A ******* THING?
They refuse to offer an Industry Standard LTD plan? I can guarantee you it doesn't costs $100,000,000.00
Profit Sharing you ask? This company would rather light money on fire than to give us Profit Sharing. Do you know what a fair profit sharing program would cost this company? NOT $100,000,000.00 a year. I can promise you when employees have a vested interest in the airline's profit, it makes a difference. Even JetBlue mgmt acknowledged this in their earnings call this week.
and here the NMB thinks We are being unreasonable? YGTBFSM
This company is always finding new ways to thoroughly disappoint its employees.....SMH
That makes $400,000,000.00 dollars of stock buybacks the past few years, ALMOST HALF A BILLION DOLLARS and these greedy SOBs offer a paltry $60,000,000.00 in a "Signing Bonus", are you F'ng kidding me?
Lets Summarize, shall we?
- Stock buybacks are basically a way for companies to increase their own pay without creating anything tangible. Why Pay your employees when you can line your own pockets off their hard work?
-They love to use the phrase, “We’re returning the cash to the shareholders”, which we heard today on the earnings call. What a bunch of BS. They are basically saying they have no new innovative ideas but I really want my bonus and I’m willing to sacrifice the future of the company to get it. We don't give a rat's ass about this company, its employees, or its employees family so F---- all of you, its all about MEMEMEME.
This company spends $400,000,000.00 on a stock that has been cut in half yet they cant offer us Scope language WHICH DOESN'T COST THEM A ******* THING?
They refuse to offer an Industry Standard LTD plan? I can guarantee you it doesn't costs $100,000,000.00
Profit Sharing you ask? This company would rather light money on fire than to give us Profit Sharing. Do you know what a fair profit sharing program would cost this company? NOT $100,000,000.00 a year. I can promise you when employees have a vested interest in the airline's profit, it makes a difference. Even JetBlue mgmt acknowledged this in their earnings call this week.
and here the NMB thinks We are being unreasonable? YGTBFSM
This company is always finding new ways to thoroughly disappoint its employees.....SMH
10-26-2017, 04:39 PM
#2
Line Holder
Joined APC: Apr 2017
Posts: 81
http://www.investopedia.com/articles/02/041702.asp
The way I understand it is the company is investing in itself due to diluted shares. That money is going back into the company, not anyone's pockets. After your last thread about Spirit halving its planned growth I feel you should do some research on business and investing.
The way I understand it is the company is investing in itself due to diluted shares. That money is going back into the company, not anyone's pockets. After your last thread about Spirit halving its planned growth I feel you should do some research on business and investing.
10-26-2017, 05:12 PM
#3
Banned
Joined APC: Jul 2015
Posts: 775
http://www.investopedia.com/articles/02/041702.asp
The way I understand it is the company is investing in itself due to diluted shares. That money is going back into the company, not anyone's pockets. After your last thread about Spirit halving its planned growth I feel you should do some research on business and investing.
The way I understand it is the company is investing in itself due to diluted shares. That money is going back into the company, not anyone's pockets. After your last thread about Spirit halving its planned growth I feel you should do some research on business and investing.
10-26-2017, 05:16 PM
#4
Banned
Thread Starter
Joined APC: Apr 2017
Posts: 409
http://www.investopedia.com/articles/02/041702.asp
The way I understand it is the company is investing in itself due to diluted shares. That money is going back into the company, not anyone's pockets. After your last thread about Spirit halving its planned growth I feel you should do some research on business and investing.
The way I understand it is the company is investing in itself due to diluted shares. That money is going back into the company, not anyone's pockets. After your last thread about Spirit halving its planned growth I feel you should do some research on business and investing.
I feel after reading your post you need to do some more research on Business and Investing.
Heres two, really easy to read articles that will help you.
https://www.theatlantic.com/politics...conomy/385259/
https://www.google.com/amp/s/www.for...-buybacks/amp/
Last edited by UNSUBSCRIBE; 10-26-2017 at 05:46 PM.
10-26-2017, 05:44 PM
#5
Gets Weekends Off
Joined APC: Sep 2014
Position: Da Bus, Left
Posts: 1,564
In all honesty, a buyback is a waste of capital and a slap in the face of a labor group that needs a raise. Let me explain;
A buy back reduces the float of stock available thus making Spirit stock more scarce and thus making it more valuable. It’s a noble goal; management appeasing large shareholders, especially if the stock buybacks are initiated when the stock is relatively cheap and, in the case of our company, not in the $60-$80 range when they blew their first $300,000,000!!! In short, stock buybacks are unreliable in delivering shareholder return on capital invested. It is completely dependent on the general market mood (can’t fight overall trends), and dependent on the timing of the buybacks, AND MOST IMPORTANTLY, that the shareholders actually realize those gains by selling the stock. One doesn’t make money till they sell......
Dividends/payouts/royalties are the REAL return to shareholders. Cash in hand speaks volumes!!
A buy back reduces the float of stock available thus making Spirit stock more scarce and thus making it more valuable. It’s a noble goal; management appeasing large shareholders, especially if the stock buybacks are initiated when the stock is relatively cheap and, in the case of our company, not in the $60-$80 range when they blew their first $300,000,000!!! In short, stock buybacks are unreliable in delivering shareholder return on capital invested. It is completely dependent on the general market mood (can’t fight overall trends), and dependent on the timing of the buybacks, AND MOST IMPORTANTLY, that the shareholders actually realize those gains by selling the stock. One doesn’t make money till they sell......
Dividends/payouts/royalties are the REAL return to shareholders. Cash in hand speaks volumes!!
10-26-2017, 06:17 PM
#6
Gets Weekends Off
Joined APC: Mar 2014
Posts: 3,256
In all honesty, a buyback is a waste of capital and a slap in the face of a labor group that needs a raise. Let me explain;
A buy back reduces the float of stock available thus making Spirit stock more scarce and thus making it more valuable. It’s a noble goal; management appeasing large shareholders, especially if the stock buybacks are initiated when the stock is relatively cheap and, in the case of our company, not in the $60-$80 range when they blew their first $300,000,000!!! In short, stock buybacks are unreliable in delivering shareholder return on capital invested. It is completely dependent on the general market mood (can’t fight overall trends), and dependent on the timing of the buybacks, AND MOST IMPORTANTLY, that the shareholders actually realize those gains by selling the stock. One doesn’t make money till they sell......
Dividends/payouts/royalties are the REAL return to shareholders. Cash in hand speaks volumes!!
A buy back reduces the float of stock available thus making Spirit stock more scarce and thus making it more valuable. It’s a noble goal; management appeasing large shareholders, especially if the stock buybacks are initiated when the stock is relatively cheap and, in the case of our company, not in the $60-$80 range when they blew their first $300,000,000!!! In short, stock buybacks are unreliable in delivering shareholder return on capital invested. It is completely dependent on the general market mood (can’t fight overall trends), and dependent on the timing of the buybacks, AND MOST IMPORTANTLY, that the shareholders actually realize those gains by selling the stock. One doesn’t make money till they sell......
Dividends/payouts/royalties are the REAL return to shareholders. Cash in hand speaks volumes!!
In general I do not support share buybacks, as generally they are a poor use of capital. I would rather see the money in the bank as it kinda sorta has the same effect on valuation. That being said Wall Street really only cares about earnings growth, and the way to juice that is reduce shares outstanding.
I do however support some share buybacks and in the case of Spirit stock, which is IMO way undervalued currently, would definitely support that decision.
10-26-2017, 06:42 PM
#7
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Joined APC: Sep 2014
Position: Da Bus, Left
Posts: 1,564
Dividends are just forced sale of stock. As a shareholder I don’t want a dividend. The biggest reason is it shows the company has zero ideas to make additional money on their own and shows they’ve thrown in the towel trying to grow. This is bad news. A stagnant company might as well be a bankrupt company as far as pricing metrics go (acxcording to Wall Street).
In general I do not support share buybacks, as generally they are a poor use of capital. I would rather see the money in the bank as it kinda sorta has the same effect on valuation. That being said Wall Street really only cares about earnings growth, and the way to juice that is reduce shares outstanding.
I do however support some share buybacks and in the case of Spirit stock, which is IMO way undervalued currently, would definitely support that decision.
In general I do not support share buybacks, as generally they are a poor use of capital. I would rather see the money in the bank as it kinda sorta has the same effect on valuation. That being said Wall Street really only cares about earnings growth, and the way to juice that is reduce shares outstanding.
I do however support some share buybacks and in the case of Spirit stock, which is IMO way undervalued currently, would definitely support that decision.
So, a company paying a dividend has no ideas? None sense imho. They just have the RECURRING LIQUID CAPITAL to pay their shareholders CASH$$$$!������. If a company doesn’t believe they have that kind of liquid capital to reward those who invest in them; offer kind words and the occasional stock buyback....
Your second paragraph was somewhat contradictory. You’d rather a company not invest in their shareholders at all? Or just not in the form of a buyback and/or dividend?? Earnings growth can be diluted in so many different ways that stock buybacks become even less relevant and less potent. Cash being paid to said investor, is imho, worth more.
I don’t support a share buyback until a pilot deal is done! Plain and simple. Rewarding those who have no real vested interest in the company before those who actually work for the company is just plain stupid. Pilots are a valuable resource these days, why waist the potential growth of the company on the few cents of EPS growth that a buyback can return?
FWIW, I own 0 shares in Spirit directly, and don’t intend to at their current valuation.
10-27-2017, 06:39 AM
#8
Gets Weekends Off
Joined APC: Mar 2014
Posts: 3,256
Several points. Firstly, I do not 100% disagree with your analysis, however, different investors value their invested capital differently and the return on said capital, in different ways. If you appreciate that viewpoint, we have a good start.
So, a company paying a dividend has no ideas? None sense imho. They just have the RECURRING LIQUID CAPITAL to pay their shareholders CASH$$$$!������. If a company doesn’t believe they have that kind of liquid capital to reward those who invest in them; offer kind words and the occasional stock buyback....
So, a company paying a dividend has no ideas? None sense imho. They just have the RECURRING LIQUID CAPITAL to pay their shareholders CASH$$$$!������. If a company doesn’t believe they have that kind of liquid capital to reward those who invest in them; offer kind words and the occasional stock buyback....
Your second paragraph was somewhat contradictory. You’d rather a company not invest in their shareholders at all? Or just not in the form of a buyback and/or dividend?? Earnings growth can be diluted in so many different ways that stock buybacks become even less relevant and less potent. Cash being paid to said investor, is imho, worth more.
I don’t support a share buyback until a pilot deal is done! Plain and simple. Rewarding those who have no real vested interest in the company before those who actually work for the company is just plain stupid. Pilots are a valuable resource these days, why waist the potential growth of the company on the few cents of EPS growth that a buyback can return?
Honestly the pilots at the legacies are way overpaid. Unions have skewed the pay for many decades.
10-27-2017, 06:50 AM
#10
Gets Weekends Off
Joined APC: Mar 2014
Posts: 3,256
Well if it makes you feel better I think you guys are underpaid. Not just in comparison to other pilots but workers in general.
In a normal market the underpaid would leave for the better jobs but what has attrition been at Spirit over the last year? On the Frontier side they are seeing very little turnover, despite the hiring at the better carriers.
In a normal market the underpaid would leave for the better jobs but what has attrition been at Spirit over the last year? On the Frontier side they are seeing very little turnover, despite the hiring at the better carriers.
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