If LCC had DAL's PE, LCC would be $35-38. And LCC probably has a better balance (without going back to look it over) ... DAL's PE is based on the trailing or last year's earnings, but even this year or next year's earnings for DAL if adjusted for after tax as LCC is reporting, the discrepancy would still exist. Amazing.
I don't think it is too material, but that was based on a 30 August merger. If the merger is delayed for any significant length of time, the unsecured creditors would continue to accrue interest which would come out of the AAMRQ holders' market cap. Like I said though, I don't think it is too material .... but I would work it out. And the whole deal depends on LCC's volatility at the conversion date(s).
Thanks for your thoughts Alan ... what do you think of the tertiary in the Gulf? There was an article over the weekend that indicated that deep water was going to pick up and promising (but how much?).
Alan ... "tell me about the rabbits" Is oil going to moderate going forward and for how long do you think?
If the Assad regime used chemical weapons, and the Russians being allies, supplying Assad with weapons, and even manning some military positions (as some say), could the Russians be an accomplice in the use of chemical weapons? Of course, the Russians say there is no proof the Assad regime is the one that used chemical weapons ... maybe, but someone ought to point out the consequences for the Russians if that is not the case ... just to see the look on their faces.
Of course if it wasn't the Assad regime, and the chemical weapons were taken from Assad but used by someone else, the Assad regime and the Russians obviously don't have complete control over the Chemical weapons. How comfortable should be feel with the Russians and Assad being the solution?
If the chemical weapons came from somewhere else, who is arming the rebels (or whoever) with chemical weapons?
Clinton, Gramm, Summers or whoever ... it was probably done with all good intentions, and besides Europe and the rest of the world was doing it and "we wanted to be more like Europe". And, of course, we wouldn't be competitive internationally if we didn't deregulate as well. Too bad we didn't have the insights to see the dangers in what Europe and the rest of the world was doing. But we were the US and couldn't be right ... Europe was so bright, smart and advanced in their thinking.
" I provided him Proof that the Financial Disaster was from Bush's signing of the "American Dream" ... "
You ought to look at the role that deregulated derivatives played in the financial freeze, which lead to the layoffs and subsequent foreclosures. Take away the financial freeze and it probably would have been an average recession. That deregulation of derivatives occurred in 2000 along with the repeal of Glass-Steagall (a year earlier). There were no regulations for anyone to use during the 2000s.
Probably more important is that even though the deregulation of derivatives was introduced by Gramm (R), it was highly supported by Summers from the Clinton White House ... Clinton signed it walking out the door in the fall of 2000. Is Summers going to be our next Fed chairman?
The financial freeze didn't happen because we made it possible for a few less well off people got some mortgages. Those that didn't lose their job probably still have their homes.
I'll have to look at Ubuntu, but I have to say that after using Win8 for about 8-9 months, I have no complaints and really don't understand the bashing. Heck on a desktop or laptop Win8 has essentially Win7 if you want to use it with or without a touch screen. And Win8 touch seems pretty darn good ... and 8.1 is coming out. With BayTrail I can settle in comfortably with a robust win OS on all my devices.
I don't know if ARMH will make any real headway in laptops and desktops even though win8 (RT) can run on it. And at some point there may be enough apps and legacy apps will fad ... but that has to happen.
Right now Wintel is closer to taking the lead across all devices (granted Ubuntu is out there). APPL ain't got it. Android ain't got it. ARMH ain't there yet either. It's an interesting mix of hardware and software ... wintel seems to be raising it's head again. Finally, INTC is out with product.
Intel was slow, but they obviously realized it a while ago if they are coming out with products now. I can also understand how pc spending slowed as people spent their money on smartphones and tablets in a very slow world economy. It'll all settle down and refresh cycles will begin in all devices.
The good thing about BayTrail from my point of view will be the thinner/smaller tablets possible with the fanless BayTrail ... able to run full Windows. That will make it the same across the continuum from pc's to tablets ... and soon to be phones. INTC is closer to running across all devices than ARMH ... and there is a common software available for it too ... windows. So, who is behind?