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U-T Editor Brings in Former O.C. Register Pals
Considering your bitter history with the U-T, Don, is it possible for you to view any decision by its management in a positive light?-Randy ============ Randy is competing with Don for news scoops. Randy's effort to discredit Don because of this competition is truly pathetic.— June 10, 2010 8:07 p.m.
Hyatt Hotels Wants to Take Over Manchester Grand Hyatt
Burwell, if that's true, why would HHC want to take control of it? Are they speculating that the value has no place to go but up? ====================== HHC probably wants to avoid the public embarassment of having a premier trophy hotel like the Manchester Hyatt fall into foreclosure. If the Manchester went under, investors would begin to question whether other Hyatt properties are perched on the abyss, and how this situation will impact HCC's stock price in the future. HCC is not profitable and has large losses. Any uncertainty would cause HCC's stock price to tank. Investors would also begin to question whether $400 million hotels with $350 per night room rates are even viable to begin with.— June 9, 2010 8:23 p.m.
Hyatt Hotels Wants to Take Over Manchester Grand Hyatt
The transaction may be a short-sale, with Manchester's lender taking a haircut on the loan. The current value of the Hyatt could be as much as 50% lower than Manchester's construction costs. I could not find the original construction costs on the internet, but I would assume the Hyatt cost at least $350 million to build and has declined at least $100 million in value since the crash. There's also no way to determine how much Manchester borrowed against the Hyatt during the real estate boom. He probably pyramided the equity in the Hyatt into other real estate investments that have also gone south. He may be sitting on several hundred million in losses. I don't see how this deal could go through without either Manchester or the lender losing at least $50 million, maybe more. This is speculation, nobody knows for sure.— June 8, 2010 11:37 p.m.
Hyatt Hotels Wants to Take Over Manchester Grand Hyatt
Manchester is going through a divorce and probably needed cash to pay off his wife. Also, Manchester's anti-gay stance was probably severely impacting the hotel's business. His partners probably wanted him out because his association with the hotel had become a liability.— June 7, 2010 10:23 p.m.
The death and attempted suicide of Ginger and Frank Bass
Burwell, that is the biggest bunch of crap I've ever seen you write in the comments section of the Reader. It is completely insulting, to me, my family, and the majority of Americans that have made it possible for you to live your miserable white-collar retired life. ============ I was not directing my comments to you, refriedgringo. I am sure you are an honorable man who lives an honorable life. I know that you are a hard worker from your previous postings. I said most tall men have violent tendencies, not all. I am sure that you are the exception to the rule.— June 7, 2010 12:14 a.m.
The death and attempted suicide of Ginger and Frank Bass
If working class men are such an bunch of losers, why are we worse off now than a few decades ago when MOST men were working class? ========== Until recently, working class violence directed against women and children was largely ignored by the police, primarily because most male police officers also beat up their wives and children and thought nothing of it. Drunkeness and domestic violence is so widespread among police officers that Congress passed a law that forbade officers convicted of spousal abuse from carrying firearms, which means convicted officers lose their jobs. This is as it should be. Police officers are now required to arrest working class men who brutalize their families, and in many states an officer who fails to make such an arrest can be charged with a felony. I don't know that we are worse off, its just that working class violence in the past was largely unreported.— June 6, 2010 10:01 p.m.
Paean to Jerry Dominelli
Obviously this is all Greek to you, so I will try this in English. One hundred and twenty NOIMOSYNIS INDEX is quite above average, but not very (in any real sense. In fact, there are so many people with a higher OVER NOIMOSYNIS in the United States as there are people in California. ====================== That may be true, but unfortunately you do not appear to be one of them.— June 6, 2010 1:06 p.m.
SDNN Was Effervescent Until Drop Dead Day
Response to post #66: Goodness! That shoe fund has been sacred forever. Best, Don Bauder =========== It's unfortunate that some heel at Platinum decided to give the fund the boot.— June 6, 2010 11:22 a.m.
The death and attempted suicide of Ginger and Frank Bass
Women should always avoid men who exhibit working class values like he had. Men who are interested in sports, guns, and drink regularly are losers, and women who involve themselves with such men are going to wind up being beaten, or worse. Working class men have a tendency to get drunk and beat their wives and children without mercy. Most are bi-polar, or they would not be working class. While it might be acceptable to have a single glass of alcohol at a wedding or other occasion, working class men insist on living their lives in a drunken stupor, sitting in front of the TV every night watching sports and guzzling beer. It also appears that Ginger may have craved tall men. Most tall men have an extreme propensity to violence, and women should realize that choosing men solely for their height is not wise. I would also be willing to bet Frank was a smoker.— June 5, 2010 2:15 p.m.
Greenberg Leaves San Diego, Back on CNBC
Most commonly, buybacks are employed to boost earnings per share artificially by reducing the number of shares. =========== Most CEO's have employment agreements that require them to meet certain earnings per share targets in order to receive their stock option awards. When the company's performance falters and the executive's options are in jeopardy, buybacks are used to boost earnings per share so the CEO can meet the target and "earn" the options. Investors should be wary of investing in companies that engage in buybacks.— June 4, 2010 11:17 p.m.