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We no longer, “Eat our young”

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Old 09-29-2020, 01:20 AM
  #61  
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Joined APC: Jun 2008
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Originally Posted by ERJFO
​​​​​​The company isn't making more or profitable. Daily cash burn is between $40M and $25M a day, $2B was lost in the 2nd quarter, and like $12B of new debt since March.
I don’t understand your point. A company will seek to make a profit. If money is being shed, they try to stem the flow and work toward profitability. In this case, as you mentioned, cash burn is high but decreasing. It’s going to take a long time to fully reverse course and get to a point to where many of the TA initiatives kick in, if at all.
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Old 09-29-2020, 11:36 AM
  #62  
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The lesson here is that you don't get to choose when you retire, or what your earning power will be. Retirement date is a probability distribution with a peak near 65, but one should have contingencies for anything between 55 and 70, so that one has options. This has always been true. It's just very apparent now.
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