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15:15
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Originally posted by stayer
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A ndrix. ... .I have a good bit of time for u and your thoughts....But, once I held a little stock called mermaid marine...there was a strike at their facilities some 5 or 6 years ago...they caved...I think a t.a. was costing the company ( with travel and accomodation allowances etc) more than 160 g a year...this was some years ago too....and that figure may have been what the worker got paid....thing is , say it was $80g above market rates...500 workers....40 m per year...market cap effect possibly $300m....lot of money for a little company!!...mermaid is on its knees and it is just one of the factors that has gone wrong....
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Thanks stayer and brahms. Good points, ans valid when 'the union rules'. Still, a bad situation all round.
(20min delay)