You forget we have a king with a phone and a pen. Heaven forbid he actually compromise on corporate tax reform.
Dan Dicker once said BP was going to zero. For an energy expert, he seems to be wrong all of the time about energy.
It appears that for the third year in a row they will totally screw up peak season and nobody in management will pay the price.
I was replying to another post which has been removed that suggested that a pre-anouncement would hamper their ability to buy back stock at a low price.
Have to say the guy is a genius with an uncanny ability to identify great players before they're great. Jordan, face of golf, Steph, face of basketball, Cam, soon to be the face of football.
PRASM obsession. Justice comes out and investigates them for not passing on fuel savings so they pass on a fraction of the savings and are killed for it.
His idiot economic adviser just on trying to defend this idiocy and even the liberal Cramer ripped him a new one. When they whine about money for infrastructure, I wish someone would ask what happened to the "stimulus" money . I know we got a nice bike trail here in town.
"First, when it comes to the airlines, it says that their earnings have peaked and are going to go down, perhaps significantly. You just don't get multiples that low and have earnings pretty much stay even or get better than they were last year. You don't even have them that low if earnings are going to be slightly lower than last year.
You get them, typically, when earnings are going to be cut in half. I have seen it time and again, when a stock sells at less than one third of the average stock in the S&P 500, which is the case with all of these, it means that the earnings estimates are going to prove to be wildly aggressive and numbers have to come down severely."
Of course what Cramer is missing here is that AAL has traded at less than a third of the market multiple for well over a year and is still reporting record profits. The multiple reflects the market's obsession with PRASM rather than profits.