Buffett Makes $5.1B Bid in Power Industry

[bart]

Thanks for your opinion Mr. King Air Pilot

You are very welcome...

You have taken a vote on a TA and some militant rhetoric from a very few and turned it in to a resounding majority for your strike vote. Best of luck. When it comes time to say no to a paycheck, I would say that a good 40 to 50 per cent of the strike votes you are counting on will evaporate.

I would be interested in hearing the odds you see of a strike vote passing. I would put it at 7 to 1 against.

As for expertise with the Teamsters and BH, I worked for a company that had Teamster's on the property before BH showed up. I saw how hardball was played once BH had influence on our board. When the union wasn't happy with new work rules in the contract, they went all the way to a vote on a strike, and it did not fly.

So I must admit, the only union experience I have had is in eradicating them. It actually isn't tough once employees come to see the union as part of the problem rather than the solution.

 

[Publishers]

What has often gotten lost in all aviation discussions is the whole concept of what should be an acceptable profit. It is more of an attitude of "well we have money, we should get it."

The base concept that we are looking for a specific ROI or compare our entity with available investment elsewhere is totally over looked.

We are so intuned to airlines who report millions of losses that we become desensitive to the fact that many companies chug along making a nice profit as they are supposed to. Berkshire is the quintiscential investor, no love of the business simply looking at the field and saying I like that team today.

They have no axe to grind with the employees and if like most investors would prefer total hands off involvement with NJA sending them reports and increasing their value. Whether they own 5%, 50%, or even 100%, they are looking for management to deal with the issues. Entities like BH vote for management, that is who they bet on. They rarely intervene, they just seek out new managment or a different investment.

 

[pilotyip]

Pubs, there you go dealing in reality again, this is a pilot board

 

[TonyC]

Today, 15:26 (news article) UPS, pilots wary as mediation set to end

V1andgo, stop dealing in reality, this a pilot board.

Today, 15:30 Buffett Makes $5.1B Bid in Power Industry

Pubs, there you go dealing in reality again, this is a pilot board

Today, 15:32 United Airlines F/O makes a stand!

Hey, Rick this is a pilot board, do not deal in reality.

Two things occur to me:


1) Broken record


2) Someone learned a new phrase today











Hey, at least it's not an anti-college rant.




.

 

[pilotyip]

Lots of Reality

It is impressive that Tony is such an avid reader of my posts, however it is unusual to see so many posts on different threads dealing with reality. Maybe I should change my trailer.