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Wanted: Public Hearings on SDGE's Planned Fleece Job
Sempra's market capitalization is over $13 billion and its dividend payout ratio is low. An article at the Seeking Alpha website indicates that Sempra could easily double its dividend payout to investors without straining finances. It appears that Sempra could easily pay off $1 billion or more in fire claims merely by issuing shares of stock to the victims without hammering the stock price and existing investors. Sempra could maintain the stock price in a dilution scenario merely by increasing the dividend payout.— January 21, 2012 12:02 p.m.
Wanted: Public Hearings on SDGE's Planned Fleece Job
SEMPRA shareholders should pay the full tab to settle the lawsuits. To protect ratepayers when the lawsuits are settled the plaintiff's should receive SEMPRA shares with a cash value equal to the value of the settlements. SEMPRA should be forced to pay off the lawsuits by issuing new shares and diluting the existing shareholder's stake in SEMPRA. With this settlement structure SEMPRA would not be able to soak the ratepayers. SEMPRA should also be forced to pay for any insurance through dilution, by issuing new shares instead of gouging ratepayers.— January 20, 2012 2:38 p.m.
Wanted: Public Hearings on SDGE's Planned Fleece Job
Sempra should transfer ownership of the transmission lines to an AG in Switzerland. The next time there's a fire Sempra can claim it can't be sued because it doesn't own the transmission lines. Sempra CEO Don Felsenshyster should get on it right away.— January 20, 2012 2:14 p.m.
Welk Resort Operators Can't Force Owners Into Arbitration, Court Rules
All the "stars" on the Welk show who quit over money never made any after they left the show. Big Tiny Little Jr. was a big star on the Welk show, but after he quit over money issues he wound up playing the piano at bowling alley lounges. http://www.youtube.com/watch?v=eRFiyM5aSAA— January 18, 2012 10:46 p.m.
Company Charging $55 for One-Minute Calls Escapes Legally
It's unfortunate that Judge Battaglia gave Mattes and his clients the gesellschaft. The case should have gone to a jury. Perhaps Mattes should ask Department of Justice Fraud Chief Charles LaBella to investigate BBG's business activities. Shepard Mullin could look into the matter and let the DOJ know if there's wrongdoing as many bloggers have alleged. BBG may be, as Ike used to say, as clean as a hound's tooth.— January 17, 2012 11:11 p.m.
Company Charging $55 for One-Minute Calls Escapes Legally
Battaglia does not appear to be qualified to hold his position as federal judge. Battaglia attended Mesa College and graduated from USIU and Cal Western School of Law. The plaintiff in the Thomas Jefferson School of Law case claims that major law firms will not interview or hire graduates of schools like Cal Western. If major law firms won't hire guys like Battaglia, why is he working for the government? Battaglia was also a federal magistrate for ten years prior to his appointment. He appears to have handled minor criminal cases as a magistrate. He is not qualified to handle complex cases like BBG Communications. Assigning a case like this to Battaglia is like asking a dentist to perform brain surgery. The man has no clue as to what he is doing.— January 17, 2012 6:58 p.m.
Baseball Owners Wonder If Moorad Partners Have the Money
It appears that Moorad is trying to acquire the Padres using an LBO structure that would leave the Padres with huge debts and staggering interest payments. The payroll would likely have to be cut even further to free up cash to pay the interest on the loans. It is clear the Padres will not be a viable team with Moorad as owner. Major Leage Baseball should put the kibosh on Moorad and force Moores to find a new buyer who can pay cash for the Padres.— January 16, 2012 11:08 a.m.
Escondidan Dodged Taxes, Lied
I think Missionaccomplished was referring to accusations that cafeteria workers at the Sweetwater Union High School District stole $500,000 from the district.— January 14, 2012 10:41 p.m.
Magazine Shows Stresses in L.A. Stadium Proposals
Sanders is not the only one who has gone daft. Malin Burntham wants to erect a 500 foot sculpture of Pegasus the flying horse on the tip of Navy Pier.— January 14, 2012 1:22 p.m.
City Council Seeks to Build Normal Street Linear Park in Hillcrest
With the state on the verge of bankruptcy, spending $4.7 million on a park is sheer stupidity.— January 11, 2012 11:43 p.m.