i think they are defining failure as stock collapse, not "poof" gone. Boeing isn't going anywhere, cause military jets.
This Thread Blows - C19 and beyond
- Thread starter Paul H
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i think they are defining failure as stock collapse, not "poof" gone. Boeing isn't going anywhere, cause military jets.
thegock
Well-Known Member
Just opened my PANDEMIC present. I will tag you and Mare in the thread. Be right back and yeah, I am quite rested after a well earned vacation. And my wife is happier, too.
Yes. Screw the stockholders. I'd prefer to bailout the creditors and have the government own the company for a bit, not stockholders. If we bail out the stockholders it'll just be more stock buybacks, which is really just money transfers to the top people at the company.
i saw that the gvt was considering buying the credit, restructuring, then selling it afterwards. That leaves it whole.
to be seen.
how will the insurance companies fair? that is going to an interesting one.
Screw them? 🙂
But then again, I'm someone who's physically been at AIG's offices protesting their bailout....
I want some serious strings on any cash loaned or given. Most of the companies have bought back shares. All for stock price, not actual real investment. If any company takes any stimulus they need to be held to a buyback prevention - for ten years or something stiff. So much money has been wasted on buybacks to appease EPS vs actual investment in technology, resources, or employees.
No one is talking about devaluation. That’s a whole other issue.
I don't listen to Bill Spadea, but some I read some of the things he's said about "this Flu" going around and I think he's a bit off his rocker unless he's changed his tune.
Definitely agree about the stimulus package. The airlines really need more money. Me, I'm just a squirrel looking for a nut.
GreenMachine
Well-Known Member
Mark Cuban has floated the idea that small businesses continue to pay their employees even though there’s no cash flow and the stimulus package would actually go to the banks for reimbursement rather than the people.
Obviously there’s a lot a particular still work out with something like that but that’s very clever idea from a smart smart business guy.
Obviously there’s a lot a particular still work out with something like that but that’s very clever idea from a smart smart business guy.
thegock
Well-Known Member
Well, that's what I'm saying. If company is bankrupt and it's a NEW company (similar to how GM went) the ownership is Government & other creditors. Then there's a stock offering, Government sells it's shares and hopefully profits. Government is a creditor anyway with Boeing and would own part of the company/assets regardless in a bankruptcy due to current contracts.
If there were future stock buybacks after a bankruptcy, it's actually beneficial under this scheme to creditors. Trust me, anyone who owned stock in Boeing and sold it at the peak to the company under stock buybacks is pretty happy right now. The problem is those buybacks wasn't based around best use of the money, it's purely a method of inefficient compensation to the upper level employees. Well, upper and mid depending on stock options.
thegock
Well-Known Member
How about they get their f'ing priorities in order and help the poor and the sick first. Just say the will get to the Tesla owners in due time? Or is that too political?
Paul H
Fearless OOS Poser
18 in Wayne confirmed
https://patch.com/new-jersey/wayne/18-wayne-now-positive-coronavirus
https://patch.com/new-jersey/wayne/18-wayne-now-positive-coronavirus
English please?
AndyJ
Well-Known Member
Gov. Cuomo mentioned during his address today that he's having discussions with Mayor De Blasio, and additional density control measures should be expected within the next day or so. He mentioned parks having looked like any sunny Saturday afternoon. [Apparently officials had observed that people were continuing to ignore social distancing in parks.] So, we'll see what that leads to. Of course, that's NY, but I'm sure whatever is implemented in NY will be implemented in NJ as well.
What surprised me yesterday was De Blasio's decision to leave NYC playgrounds open on a one week trial basis, though maybe that will be cut short now.
With what income do we continue to pay employees? Can't even go to local banks for loans since only the retail portions of the bank are open.
olegbabich
Well-Known Member
GreenMachine
Well-Known Member
The banks would be bailed out ... the employee Continues to receive their pay Or some sort of compensation work out. So if you own a small business and you have 10 employees you continue to draw their paycheck from the bank even though you’re closed and they continue to get paid maybe even a reduced sum but it’s more efficient than just two government checks given to a lot of people who maybe don’t even need it right now.
