Hullabaloo
Hullabaloo
Joined: Nov 30, 2014
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vegas
vegas
Joined: Apr 27, 2012
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April 11th, 2019 at 10:08:32 AM permalink
Caesar carries 18 billion in debt....ouch
50-50-90 Rule: Anytime you have a 50-50 chance of getting something right, there is a 90% probability you'll get it wrong
Ayecarumba
Ayecarumba
Joined: Nov 17, 2009
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April 11th, 2019 at 10:41:08 AM permalink
And just like that, Carl Icahn picks up $50 million dollars. How is his forcing the board to test the waters with no real intention of selling not equivalent to "Pump and Dump", or Elon Musk thinking aloud tweets that are considered illegal activities?
Simplicity is the ultimate sophistication - Leonardo da Vinci
AZDuffman
AZDuffman
Joined: Nov 2, 2009
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April 11th, 2019 at 12:11:08 PM permalink
Quote: Ayecarumba

And just like that, Carl Icahn picks up $50 million dollars. How is his forcing the board to test the waters with no real intention of selling not equivalent to "Pump and Dump", or Elon Musk thinking aloud tweets that are considered illegal activities?



If they put it in play they might not be able to stop it. Happened to Ross Johnson.
All animals are equal, but some are more equal than others
smurgerburger
smurgerburger
Joined: Aug 1, 2018
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April 11th, 2019 at 1:08:50 PM permalink
If what you were alleging were true it would be insider trading.

But for starters there's no evidence, in the article at least, of a timely sale.
beachbumbabs
Administrator
beachbumbabs
Joined: May 21, 2013
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April 11th, 2019 at 1:39:19 PM permalink
Well, we posted the stuff last month about Icahn buying in. He forced his people onto the board and is making his move. Once he was forced to reveal his ownership stake (6%? iDK) He then grabbed it up to 15% within a couple days to get control. It's how he has done it before.

His whole MO has been to break off and sell what's profitable bits and leave the rest ska-ROOOD! 40+ years now of that crap. The airline industry never recovered.

Not a fan. Hard times are coming for CET people.
If the House lost every hand, they wouldn't deal the game.
billryan
billryan
Joined: Nov 2, 2009
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Thanks for this post from:
DeMangokgb92
April 11th, 2019 at 2:15:11 PM permalink
Icahn and CETs management deserve each other. May their partnership be interesting.
AZDuffman
AZDuffman
Joined: Nov 2, 2009
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April 11th, 2019 at 2:32:52 PM permalink
Quote: beachbumbabs



His whole MO has been to break off and sell what's profitable bits and leave the rest ska-ROOOD! 40+ years now of that crap. The airline industry never recovered.



He was a minor factor in the consolidation of the airline industry. That had to happen no matter who came along.
All animals are equal, but some are more equal than others
DeMango
DeMango
Joined: Feb 2, 2010
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April 11th, 2019 at 5:35:17 PM permalink
Maybe someone can help me understand. An 8.5 Billion Dollar company with $18 billion debt. Right? So more or less a $10 billion liability. Who would buy this unless they can resell for more?
When a rock is thrown into a pack of dogs, the one that yells the loudest is the one who got hit.
FleaStiff
FleaStiff 
Joined: Oct 19, 2009
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April 11th, 2019 at 6:01:19 PM permalink
there are so many pieces and leveraged claims that 'owner' may be irrelevant with all those having prior claims to the income stream.

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