pissed. Elon againLOL, crypto pulling back hard
This pbct/mt merger is interesting.
Not sure I’m thrilled with it since I was all in for pbct’s recovery at under 11 per share
With FAA direction, BA recommended airlines pull 777s with P&W 4000 engines for inspections. Undoubtedly, RTX and BA will be impacted at least ST. GE, possibly by people with limited knowledge?
Unless the following Reuters article is dead wrong, only UA, JAL, ANA and KA were flying 777s with P&W 4000 engines. The FAA directed UA to pull such 777s to further inspect those specific engines, particularly the titanium alloy engine blades after Sat’s and prior incidents (US 2018 and JP 2020).
Japan’s FAA halted any related flights. Minimally, KA halted any 777s with the P&W 4000s from flying to Japan. The 2nd linked Aeroassurance article provides insights on a possibly similar UA/P&W 2018 incident and resulting NTSB investigation.
Boeing engine blowouts investigated as older 777s are suspended
Showers of jet engine parts over residential areas on both sides of the Atlantic have caught regulators' attention and prompted the suspension of some older Boeing Co planes from service.www.reuters.com
NDI Process Failures Preceded B777 PW4077 Engine FBO - Aerossurance
Weaknesses in procedures, training and facilities at a P&W Non Destructive Inspection shop struggling with a backlog of novel Thermal Acoustic Imaging inspections of PW4000 fan blades.aerossurance.com
man, I had only like 14 shares but also under 11. Sold it
.118 shares of M&T for every PBCT
woulda gotten me 1.65 shares of a
4.34/2.89%
Upon further review:I will add, being an NDI inspector is a great gig for job security going forward across so many sectors and industries.
I thought I warned you two months ago in the cesspool not to keep all your apples in the tech basket?Getting clobbered today. Tech getting slaughtered. GLD, oil stocks and a few others doing ok.
The inflation numbers look absolutely ominous, which is not surprising.
M&T buying PBCT represents further evidence mid-sized US banks recognize need to either expand or to become less competitive with the largest mid-size banks and big 4 US banks. Other similar mergers: BB&T+Suntrust=Truist, PNC buys BBVA US ops, HBAN-TCF, etc.This pbct/mt merger is interesting. Not sure I’m thrilled with it since I was all in for pbct’s recovery at under 11 per share
Upon further review:
Meanwhile, ALK at $24, AAL at $11, and GE at $8 avgs make for a happier Big Eskimo Dog.
- BA up 1% (no action, $120 avg long hold)
- UAL up 7% (hold none of UAL's financially challenged cluster puck, but it's been swept up with today's return to somewhat normal-er lives airline increases).
- Despite reports of the P&W 4000 engine's titanium alloy fan blades being challenging to inspect, ponder whether UAL could possibly have no responsibility a la the most recent Indonesia crash's pilot puck up ???).
- RTX currently flat (no action, hold $60 long hold), but wonder how RTX won't be impacted by the weekend's 2 separate P&W 4000 engine blow outs (Denver 777, and Netherlands 747 cargo jet) ???
- P&W's reported last 4000 engine occurred in 2013. No new sales?
FIFYI thought I warned you two months ago in the cesspool not to keep all your apples in ANY sector ?
In a single weekend (this past weekend), 2 P&W 4000 engine flatulenc-ing is a accomplishment. Possibly the only less than negative considerations are P&W may have stopped selling some version of the 4000 engines in 2013, and Reuters reported the only passenger jets with the engines are flown by UAL, JAL, ANA, and KA. Both references could be dead wrong; just sharing what I read and heard.RTX should be the one getting hammered. Meanwhile, Pratt has had more than one of these engines shred. England just banned jets with these engines from British air space.
To me the question is what does airline travel look like 1 and 2yrs from now? Certainly leisure/rec travel will spike up for some period - but will there be a long-term trend there that offsets what I and most think will be a permanent reduction in business travel? What's the implication for the airlines and airline manufacturing?RTX should be on the one getting hammered.
Boeing should be fine. The 777 with GE engines have reported no issues. United should be fine. Other airlines with the 777 and the GE engines are doing fine.
Meanwhile, Pratt has had more than one of these engines shred. England just banned jets with these engines from British air space.
To me the question is what does airline travel look like 1 and 2yrs from now? Certainly leisure/rec travel will spike up for some period - but will there be a long-term trend there that offsets what I and most think will be a permanent reduction in business travel? What's the implication for the airlines and airline manufacturing?
I thought I warned you two months ago in the cesspool not to keep all your apples in the tech basket?
@Matrim55 Not Jaker, but searched and never identified a promising US-focused, managed (non-index) general materials ETF. Just went with XLB as a complement to materials equities and specific minerals ETFs held (soft and industrial). Considered iShares global-oriented MXI, but found enough MXI holdings were already held directly or in ETFs. It'd be good if someone else identifies an ETF with a good track record matching your target.Good shout. Do you know of any managed ones that are promising?
And if you're a long term holder like I am then tech is still the way to go. Stock prices aren't linear. You're going to have dips along the way but over time you will do well. Stay the course. As a matter of fact buy more of what you like on the dips.My eggs aren't all in that basket. And the gains of the last two months were substantial. I buy what I know.
And if you're a long term holder like I am then tech is still the way to go. Stock prices aren't linear. You're going to have dips along the way but over time you will do well. Stay the course. As a matter of fact buy more of what you like on the dips.
M&T buying PBCT represents further evidence mid-sized US banks recognize need to either expand or to become less competitive with the largest mid-size banks and big 4 US banks. Other similar mergers: BB&T+Suntrust=Truist, PNC buys BBVA US ops, HBAN-TCF, etc.
On the surface, Buffalo-based M&T buyout appears positive for PBCT shareholders selling on the announcement. Potentially, not as good for PBCT employees nor the Park City unless M&T opts to keep some PBCT businesses in Bridgeport. Or, shifts M&T work from lower-cost Buffalo to CT. ???
M&T reports: "As part of the transaction, People's United's current headquarters in Bridgeport, Connecticut will (MY EDIT: initially) become the New England regional headquarters for M&T, further strengthening the combined company's commitment to Connecticut and the region."
M&T Bank Corporation Announces Agreement to Acquire People's United Financial, Inc.
To me the question is what does airline travel look like 1 and 2yrs from now? Certainly leisure/rec travel will spike up for some period - but will there be a long-term trend there that offsets what I and most think will be a permanent reduction in business travel? What's the implication for the airlines and airline manufacturing?