since there are more retirees than current workers, this is actually a huge savings for the company. Hats off to VZ for getting the dummies to take some meager raise and then get screwed when they retire.
which statement? that health care costs are rising? Read up on that. That union membership has been deceasing over time as VZ sells of the landline business? Again, you can document that by looking at the union headcount over time.
So I am not sure what you are balking at. The union got to "keep" their jobs, gets 3% or less per year in raises and bares the increasing health care costs which are rising between 10%-20% per year.
of course you derided me when it took a small hit, but here it is back near it's high again. Just went ex-dividend too.
spanspur is taking a page out of billy's play book and going silent as he sells. It's so obvious they were the same guy
if the avg union guy has a $60K salary and gets a 3% raise, that's an $1800 rise in pay.
If health care costs are $20,000 and go up 10% and the worker now bares that cost, that's $2000
Now do that same calculation if health costs go up 20%. So who won?
article on Friday - Collectors' Universe Gathers No Moss
Says fair value is now $20. Update to an article from January when he said fair value was $18
Article today Tuesday - Collectors Universe Is Winning A 'Winner Takes All' Market
predicts a 13-15% compound return on your investment for a 5+ years.
Also predicts demise of NGC due to new CLCT initiatives. Said ANACS is out of business. Their website is offline. Also says management is overpaid which I also agree with
so the Union gets a better raise and some job assignment guarantees, and the company gets to push off health care costs onto the Union. As health care is the largest rising part of future compensation and this applies to retiree care, the company removes a known unknown from their future. This is huge and why the stock is up.
Over time, the company will sell off the landline business so any pay rise is not as important as retiree costs. Over time, the selloff of landline will lower the union headcount. Probably a good deal for both sides but more future costs are on the union
looks like union health costs will be going up. Hard for a company to plan on that and now that unknown expense will be on the workers. In 4 years, after they sell off more landline business, the union will be down to 30K folks
look at the progression of the Union headcount over the past 5-10-20 years. It's been downward and VZ has been selling off those money losing businesses
VZ will continue to sell off landline and tower business and Union will hold even less power next time around. So who really "won"?
Corning will walk and the stock price will plummet. 8K filed today says no one else was interested and the sales projections from the company don't look that good
and about 4 paragraphs longer
Maybe spanspur is in a quite period as he involved in a new funding round. Unless they fix their business model, new money does nothing.
"and promote UBER a haven for criminals and paroled felons."
I didn't know Hickman was a driver
Montanore will NEVER be built. They bought it so they could build Rock Creek on the other side of the mountain. There is only enough water in the area for one mine and the activists are up in arms. Mothballing Montanore will placate the activists and allow Rock Creek to proceed.
without knowing for sure, I would not buy CDTI based on a small possibility. Panasonic may indeed buy CDTI but will wait until BK to do it. then they can buy just the IP they need at pennies on he dollar
I'm not sure about that. neither was at the finish line and it was not clear which one was ahead. I am thinking another miner, like CDE, was also in the bidding war and HL wanted both for a little extra money.
Again, hats off to Dobbs.