Anyone talk about it in team meetings or hear something about where the cuts are coming from?
3 replies (most recent on top)
Knowing Oxy and their ability to electron microscope on the bark and miss the tree, let alone the forest, they likely will cut something like coffee.
Buffet doesn't want more than 10% because it will be controlling. Icahn doesn't want that much either. If we get BOA loan, its basically Buffets. Maybe Ted Cruz can help us save our jobs!
Owe Buffet about $200mm/quarter in dividends on his preferred warrants. If we pay him in common shares the next three quarters as we did for the first quarter that would be about $600 million in cash savings.
It'll dilute all other shareholders and give Buffet over 10% of the company but such is life.