Slope initially began as a blog, so this is where most of the website’s content resides. Here we have tens of thousands of posts dating back over a decade. These are listed in reverse chronological order. Click on any category icon below to see posts tagged with that particular subject, or click on a word in the category cloud on the right side of the screen for more specific choices.
In spite of being handed tens of billions of dollars of free money by our idiot government, the airlines are still sucking wind. It’s breathtaking to me that these scoundrels can blow hundreds of billions on stock buybacks and then go whining to the government to be bailed out. Let them go bankrupt, and jail the executives. That’ll solve the whole “stock buyback” problem for good. Here’s the carnage:
For those that are not aware, the Big 3, Carnival, Royal Caribbean and Norwegian had already suspended sailing into May 11th. The CDC had an entire month going forward from last Friday, to work behind the scenes with the cruise lines and no one at risk. This would have allowed the cruise lines to work directly with the CDC, prepare their needed readiness plans and look for a date going forward as to when the ships can sail once again.
As I shared previously, the cruise lines work on a 90 day cycle of cash. By May 11th that would have been about 60 days, but now it is out to 130 days –or approximately July 20th. One of the comments on Slope was, ‘Well cruise lines hire mostly foreigners.’
(more…)I guess you only needed to know one thing to decide the entire marijuana sector should be sold short:
