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Payorfixyourself t1_j6lvr5m wrote

Can you post article without the paywall

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greenskew OP t1_j6lvzgp wrote

https://archive.is/eaozq

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Payorfixyourself t1_j6lwjm2 wrote

Isn’t their annual dividend payments like 10.5 billion and their looking at settlement payout of 5billion. Not to mention it already did a big tank over this a few years back. I think you already missed the bet to clean up on this

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greenskew OP t1_j6lxdse wrote

May be the big leg down is all done. I believe that big tank was on the assumption that they will follow others and use the Texas law to quickly discharge these liabilities. Now that the court has taken a stand, I feel it will tank some more. I will PUT some tomorrow and see where it goes. I might get some delight.

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Payorfixyourself t1_j6lxyb2 wrote

I just looked at their balance sheet. They have over 31 billion in cash. Their cash holdings increased by 10% last year. You missed the movement already

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