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the stock has fallen below the repurchase price. Investors have been made aware of how the management team manipulated earnings and cash flow last year to "dress up the pig" for market, and there is now risk if the bonds can be sold to generate the cash to buy the remaining stock
The Chicago Tribune ran front page articles today on just how badly the airlines are performing – looking at plane crowding, delays, lost baggage and customer complaints
In May and June IBM, WalMart and Home Depot announced share buyback plans of $50Billion
The reality is that businesses either grow or die. Businesses exist in a competitive marketplace.
The better phrase would be "If at first you don’t succeed, learn something from what you did and try a different tack
UAL has literally traded its future for today. Management is de-investing in order to produce current profits, while simultaneously asking employees to sacrifice in order to keep the company alive.
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