Mikes Apartment
Well-known member
- Joined
- Nov 6, 2003
- Posts
- 124
I found 3 that disagree.. Market grader, Market edge reasearch and Factset. Believe whomever makes you warm and fuzzy.
Hey Ben Dover, your wife keeps me warm and fuzzy
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I found 3 that disagree.. Market grader, Market edge reasearch and Factset. Believe whomever makes you warm and fuzzy.
Sorry, but Delta is on the wrong side of the wave.
Ahhh, yes. The 2 for one split. I remember the golden days when DAL split 2/1 (I think it was in the $120 range back then). Delta mgmt was touting how they were doing such wonderful things to improve shareholder value. Irrational exuberance, I think is what Alan Greenspan stated (although it was related to something different at the time). Now Delta is expanding in Brazil (see BOVESPA), India (see SENSEX), Europe (see EUR/USD, GPB/USD, USD/CHF, etc), Russia (see Russian Stock Index), etc. I'd say Delta's huge expansion internationally is equivelant to buying an overpriced home in California about 2 years ago. Sorry, but Delta is on the wrong side of the wave.
So should we be expanding rapidly in DEN to snag all those lucrative folks who think they should fly all over the USA for $49? With the weak dollar, it will still be a bargain for foreigners to fly Delta even if their markets suck. Sure, demand is going to drop some, but it still beats having 85% of your business here in the domestic market which sucks even when times are good.
Wrong side of the wave? We are the wave to all of those countries, and we will fly people from one side of the World to the other, for a lot of money. I guess you didn't know this, but we have already gone to all of those countries plus MORE, and merging with NWA will just make us bigger, and better. The reason we couldn't add any new service to India, Brazil, etc was because those countries weren't giving the rights for foreign carriers to do so. Nobody could go there since they were protecting their own. So, how are we 2 years behind the wave? We are on the forefront----we are among the FIRST to get the new rights to those countries. And speaking of waves, I think I will wave to you from the cockpit, and maybe I throw you a small water bottle if you are thirsty. BTW, you can pull the power any time. Close the cargo door while you are at it too.
Bye Bye--General Lee
I guess you didn't understand what I was getting at. Delta is expanding into these international markets at a time when we're entering a global recession. Kind of like going long oil at $145. It's bad timing.
PS: You're sounding a little more juvenile than usual. Is something bothering you? Did you mess up PBS and get a line of SKBO trips this month (great coffee and wine there by the way!).
It is worse here, so we move planes to go over there. Simple. We ourselves are leaner now unfortunately thanks to BK, so we can compete better than others like AA and CAL.
Bye Bye--General Lee