Quote:
Originally Posted by FakeNameChanged
Why in the world didn't they sell their long term care insurance division? That's where a lot of the accounting shenanigans were carried out. Instead they sold their lighting division. Not a single insider stock purchase in almost a year.
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i am short Ford, GE, cruiselines and airlines mainly American. American just announced a refinance, some of it is dilution of shares and some is a loan from somewhere. i know i am sounding very vague, but that is the way they present it. so what i am interested in is the rate of interest. i suspect it will be very high. they might be trying to grab what they can get so that they can get pay raises and bonus money. i don't trust none of them. just remember Warren Buffet sold his airlines and i suspect for good reasons.
airlines are probably going to lose a lot of their shorter routes, like San Francisco to Reno, or New York to Philadelphia. there will be a bunch of haircuts in the airline industry. you might want to look at bus company's and railroads as long candidates some time down the road, and maybe on a stretch airlines that don't have short routes. i really think airlines as a very challenging business. even if they get rid of the small flights, they needed them to feed the longer ones.
