latest ralphcramden bombshell: “breathtakingâ€
It was a most interesting week for followers of one the most interesting business stories in years. It may be fairly said that this unique happening has impacted an entire industry in ways not yet fully understood. This evenement, of course, is the emergence of the journalistic and cultural phenomenon known as “cramden nation.†This discerning cadre of intellectuals knows where to turn for their periodic feast for the mind. cramden nation, read on!
Keep Delta My Delta
For the loyal band of brothers known collectively as the “Delta family,†it was a most interesting week as well. This was the week that these genial but unflinching stalwarts, standing shoulder to shoulder and inspired by the exalted words of a United States Senator quaintly named “Johnny,†told the world that their company was not for sale. And with that, the ground under Citigroup headquarters shook, and the deal, Mr. ralphcramden can now report, was off!
Sadly, things did not actually happen that way, but even luv2fly and “Abe†deserve a momentary escapement from the daily torrent of shocking developments. May we offer them our sympathy, our comradeship, and perhaps even a helpful suggestion that Johnny Walker Black is best enjoyed on the rocks.
So let us now, steadfast members of “cramden nation," standing shoulder to shoulder and sporting red buttons, march fearlessly into that cold Wall Street netherworld known as reality.
In his last communicade, Mr. ralphcramden revealed exclusively that a rift has developed within the DALRQ board. Tonight, Mr. ralphcramden can state that several members of the board have taken a firm position with Mr. Gerald Grinstein that the LCC proposal deserves full consideration, up to and including an agreement allowing LCC to conduct due dilgence in the matter. These board members are not taking a pro-deal position per se, but have rejected the “Just Say No†position of Mr. Grinstein, CEO of the struggling, Hapeville-based carrier.
The beleaguered Georgians have been weathering virtually unanimous input (sans “Alpaâ€) from stakeholders in favor of the "full consideration" position for some time. The advocacy of outside directors for that position has now carried the day, and due diligance will be taking place. Look for the announcement in the next several weeks.
The Real Story
The growing company of “cramden enthusiasts†were, of course, among the first in on the joke as the “old media†missed yet another interesting subplot. Loyal readers will recall that the business press was caught unawares as an innocuous comment by JetBlue Airlines (JBLU) CEO David Neeleman became the “story†that JBLU would be interested only in gates at DCA and LGA in the impending Delta (DALRQ) fragmentation. How wrong they were!
Mr. ralphcramden, who alone reported that the suave executive “wants in, and in a big way,†can now reveal the following. JetBlue Airlines (JBLU) is covetous of a package of gates and facilities at a number of airports including but not necessarily limited to the following: LGA, DCA, ATL, PHL, CLT, PIT, FLL, TPA, MCO, and LAX. Happy days are here again in Forest Hills.
North By Northwest
Mr. ralphcramden can tonight reveal yet another exclusive, and one that will do nothing for the festive holiday gaiety in Peachtree City. Enthusiasts of the writings of Mr. ralphcramden are well aware of the uncanny accuracy of his stunning series of bombshells, posted on the once irrelevant US Aviation.com website. Tonight, Mr. ralphcramden’s sources will not disappoint.
Mr. ralphcramden’s contacts have revealed the breathtaking news that Eagen, MN based Northwest Airlines has begun exploring a potential cooperative role, along with LCC, LUV, AAI, JBLU, and UAUA in the acquistion and effective fragmentation of DALRQ. Recently retained boutique banking firm Evercore Partners has been involved in the very preliminary discussions. Mr. ralphcramden’s sources have floated a potential scenario that would reduce the LCC share to as little as 55% of a fragmented DALRQ. NWACQ would gain a BIG chunk of the rest, with the remains divided between the other players. Mr. ralphcramden can report with certainty that this news has Wall Street buzzing!
Regards,
ralphcramden
It was a most interesting week for followers of one the most interesting business stories in years. It may be fairly said that this unique happening has impacted an entire industry in ways not yet fully understood. This evenement, of course, is the emergence of the journalistic and cultural phenomenon known as “cramden nation.†This discerning cadre of intellectuals knows where to turn for their periodic feast for the mind. cramden nation, read on!
Keep Delta My Delta
For the loyal band of brothers known collectively as the “Delta family,†it was a most interesting week as well. This was the week that these genial but unflinching stalwarts, standing shoulder to shoulder and inspired by the exalted words of a United States Senator quaintly named “Johnny,†told the world that their company was not for sale. And with that, the ground under Citigroup headquarters shook, and the deal, Mr. ralphcramden can now report, was off!
Sadly, things did not actually happen that way, but even luv2fly and “Abe†deserve a momentary escapement from the daily torrent of shocking developments. May we offer them our sympathy, our comradeship, and perhaps even a helpful suggestion that Johnny Walker Black is best enjoyed on the rocks.
So let us now, steadfast members of “cramden nation," standing shoulder to shoulder and sporting red buttons, march fearlessly into that cold Wall Street netherworld known as reality.
In his last communicade, Mr. ralphcramden revealed exclusively that a rift has developed within the DALRQ board. Tonight, Mr. ralphcramden can state that several members of the board have taken a firm position with Mr. Gerald Grinstein that the LCC proposal deserves full consideration, up to and including an agreement allowing LCC to conduct due dilgence in the matter. These board members are not taking a pro-deal position per se, but have rejected the “Just Say No†position of Mr. Grinstein, CEO of the struggling, Hapeville-based carrier.
The beleaguered Georgians have been weathering virtually unanimous input (sans “Alpaâ€) from stakeholders in favor of the "full consideration" position for some time. The advocacy of outside directors for that position has now carried the day, and due diligance will be taking place. Look for the announcement in the next several weeks.
The Real Story
The growing company of “cramden enthusiasts†were, of course, among the first in on the joke as the “old media†missed yet another interesting subplot. Loyal readers will recall that the business press was caught unawares as an innocuous comment by JetBlue Airlines (JBLU) CEO David Neeleman became the “story†that JBLU would be interested only in gates at DCA and LGA in the impending Delta (DALRQ) fragmentation. How wrong they were!
Mr. ralphcramden, who alone reported that the suave executive “wants in, and in a big way,†can now reveal the following. JetBlue Airlines (JBLU) is covetous of a package of gates and facilities at a number of airports including but not necessarily limited to the following: LGA, DCA, ATL, PHL, CLT, PIT, FLL, TPA, MCO, and LAX. Happy days are here again in Forest Hills.
North By Northwest
Mr. ralphcramden can tonight reveal yet another exclusive, and one that will do nothing for the festive holiday gaiety in Peachtree City. Enthusiasts of the writings of Mr. ralphcramden are well aware of the uncanny accuracy of his stunning series of bombshells, posted on the once irrelevant US Aviation.com website. Tonight, Mr. ralphcramden’s sources will not disappoint.
Mr. ralphcramden’s contacts have revealed the breathtaking news that Eagen, MN based Northwest Airlines has begun exploring a potential cooperative role, along with LCC, LUV, AAI, JBLU, and UAUA in the acquistion and effective fragmentation of DALRQ. Recently retained boutique banking firm Evercore Partners has been involved in the very preliminary discussions. Mr. ralphcramden’s sources have floated a potential scenario that would reduce the LCC share to as little as 55% of a fragmented DALRQ. NWACQ would gain a BIG chunk of the rest, with the remains divided between the other players. Mr. ralphcramden can report with certainty that this news has Wall Street buzzing!
Regards,
ralphcramden
