Was CAL headed towards CH 11 Part III before merger ?

[Lear70]

This is a friendly warning from your neighborhood moderator.

This is a CAL thread.

You have been repeatedly warned about bringing up USAirways/AWA issues in a non-related thread. The next person who brings it up again gets a 7 day suspension. The next person after that... 30 days. The next person after that... I'm gonna start kicking people's tails right off this board permanently.

Stow it.

Thanks,

We now return you to your pre-shark-jumping CAL/UAL discussion.

/mod

 

[waveflyer]

Thank you Lear- this thread and article has no bearing on pilot issues- looking for wedges is NOT the answer- if you ask why the press release now- it's my belief that mgmt might love to have the pilots duke it out for years on end if it gains them something contractually. The only lesson is don't play into it no matter what conspiracy theory is out there.

Make your case - let it be arbitrated- live with it and get the contractual gains you both more than deserve. Don't be an example of how NOT to conduct a merger- SHOW management that they cannot divide us - be like drew brews and Jared Allen - be unified.

 

[Skyflyin]

Was CAL headed towards bankruptcy? NO! This is from a website called gurufocus.com? Must be a friend of Jeff.

Note to Jeff-nice try.

 

[Furloughed80]

About Author

Sudhanshu Jain is an MS Finance student at The University of Texas at Dallas. He has passed CFA Level I Exam and is a CFA Level II Candidate. He has also cleared GARP FRM Part I Exam and is a candidate for FRM Part II Exam. Sudhanshu has about two years of experience working as a financial analyst and has interests in turnaround, restructuring, value investing and equity analysis.

Stellar credentials

 

[Shrek]

Was CAL headed towards bankruptcy? NO! This is from a website called gurufocus.com? Must be a friend of Jeff.

Note to Jeff-nice try.

What do you mean NICE TRY.....it was an honest question - why would he put this out there AFTER the merger was this far in progress? RTFQ pause - then read again slowly.

Skyflyin - since you know who I am but maybe you don't know me personally. I have many friends over at CAL and wouldn't want what has happened to me (furlough) to happen to ANYBODY (except the SCABS of course) at our (UAL/CAL) airline. I have watched my newest daughter grow up on Skype (she is one now) while I am in Southeast Asia working 6 days a week trying to keep my sanity. In less than a month after the shareholder votes it will be United Airlines.....start acting like it.

I am looking forward to having a career again under a leading contract.
If I have bruised your delicate sensabilties by asking a simple question - you have bigger problems to conquer.

For you to think that I have alterior motives about the post - well - you don't know me. Try giving me an e-mail to try to explain your point in more detail. I know you won't. BTW it isn't that hard to figure out my name - it isn't a secret sooo - Nice Try.

Back to the thread.......

JP

 

[Shrek]

Thank you Lear- this thread and article has no bearing on pilot issues- looking for wedges is NOT the answer- if you ask why the press release now- it's my belief that mgmt might love to have the pilots duke it out for years on end if it gains them something contractually. The only lesson is don't play into it no matter what conspiracy theory is out there.

Make your case - let it be arbitrated- live with it and get the contractual gains you both more than deserve. Don't be an example of how NOT to conduct a merger- SHOW management that they cannot divide us - be like drew brews and Jared Allen - be unified.

Agree wholeheartedly.

I am thinking the scope article put out by CPT Pierce got them more than a little pissed.

 

[Skyflyin]

What do you mean NICE TRY.....it was an honest question - why would he put this out there AFTER the merger was this far in progress? RTFQ pause - then read again slowly.

Skyflyin - since you know who I am but maybe you don't know me personally. I have many friends over at CAL and wouldn't want what has happened to me (furlough) to happen to ANYBODY (except the SCABS of course) at our (UAL/CAL) airline. I have watched my newest daughter grow up on Skype (she is one now) while I am in Southeast Asia working 6 days a week trying to keep my sanity. In less than a month after the shareholder votes it will be United Airlines.....start acting like it.

JP

Whoa, easy there Shrek. Don't go all Ogre on me. The Jeff I refer to is Jeff Smisek, the CEO of Continental. I am alluding to him planting this little gem in the media to try and sway the pilots into not asking for too much or to sway public opinion. My response - Nice try, but we are smarter than that.

Sorry if I offended you, Jeff

 

[Flopgut]

I think Mr. Sudhanshu Jain probably just earned himself a round trip home in first class.... Or maybe a new Beemer....

 

[Shrek]

Whoa, easy there Shrek. Don't go all Ogre on me. The Jeff I refer to is Jeff Smisek, the CEO of Continental. I am alluding to him planting this little gem in the media to try and sway the pilots into not asking for too much or to sway public opinion. My response - Nice try, but we are smarter than that.

Sorry if I offended you, Jeff

So now you are calling me Smisek !!!! :angryfire lol

Ok I owe you a beer or two......sorry for the confusion - :beer:
Can I hold onto that feeling and use it on the picket line if it comes to that ?!

Maybe Asia is gettin to me........arrrrg

 

[SuperFLUF]

http://www.gurufocus.com/news.php?id=106870

Why release this in the press now?!

Its not "in the press". This guy isn't a reporter, he's a masters student writing in a blog.


If it were true, it would be in more than just a blog written by a UT student.

 

[Captain X]

Maybe Asia is gettin to me........arrrrg

They got massage parlors there right!?

 

[tie1on]

contract is due

 

[Skyflyin]

Ok I owe you a beer or two......sorry for the confusion - :beer:
Can I hold onto that feeling and use it on the picket line if it comes to that ?!
Maybe Asia is gettin to me........arrrrg

Yes, hold onto that because I think we are gonna need it for the picket line over scope if management doesn't learn to say yes.

Here is hoping they do say yes and we have you back ASAP.

Cheers

 

[Furloughed80]

Come on guys. Does everything have to be some vast conspiracy? This idiot (Sudhanshu Jain) is in grad school for God's sake (not even a highly ranked one at that). I see two likely scenarios:

A) He completely botched the calculations for his Altman Z score analysis.
B) He misapplied the Altman Z score. Using the Altman Z score for any airline would yield the same results (a score below 1.8).

The thought that some grad student at the University of Texas at Dallas would accurately predict the demise of CAL before the thousands of analysts on Wall St is ridiculous at best. Do people believe everything they read on the internet?

 

[Plug]

So now you are calling me Smisek !!!! :angryfire lol

Ok I owe you a beer or two......sorry for the confusion - :beer:
Can I hold onto that feeling and use it on the picket line if it comes to that ?!

Maybe Asia is gettin to me........arrrrg

Shrek, since there are vacancies on this current bid with the 787's coming on line, if given the chance would you take a new hire position here at CAL? I am curious as to how many furloughed UAL guys would take it.

Cheers