Delta To Push Ahead With Cost-Cutting - Forbes.com

Delta To Push Ahead With Cost-Cutting - Forbes.com

Delta expects to save $5 billion annually! The Chief officer of the company does not say exactly how but this figure is in-line with the savings achieved at CAL and AMR.

WOW!

It used to be that a million dollars was a lot of money. Today, we have airlines saving 5 Billion Dollars per year. The savings at CAL were almost $7 per share per year. These are the kinds of dollars that can turn an industry around.

BUY THE BIG BULL BEFORE THE BIG COMPANIES BUY ALL THE STOCK!

The news continues to be about stock buy backs. MOT announced a buyback for the first time ever. Four Billion Dollars of stock. The S&P bond rating agency has determined no down-grade in the MOT bonds. My family has owned MOT for many of the past 20 years. It is a great company. It went through a tough time after the bubble but is back on track. Companies are buying their own stock because the price is below their cost of capital. Companies can increase their earnings per share by reducing the number of shares outstanding.

A large number of traders are caught like a deer in headlights; they don't know which way to run. BUY THIS BULL! STOCKS ARE CHEAP RELATIVE TO BONDS AND REAL ESTATE! WHAT ARE INVESTORS GOING TO DO WITH THOSE MOUNTAINS OF CASH? BUY STOCKS NOW AND SELL IT TO THE SKITTISH LATTER.