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Why would they change their buyback plans in response to an accident that was already priced into their insurance? Handling the accident isn’t going to deplete
by fwlr 4y ago
Why would they change their buyback plans in response to an accident that was already priced into their insurance? Handling the accident isn’t going to deplete their 1.1bn insurance policy. This 7m amount is just one of many payments they’ll be making in regards to the derailment.
- specialist 4y ago> Handling the accident isn’t going to deplete their 1.1bn insurance policy. Sure. But maybe $1.1b won't be enough. Postpone the buyback, just in case.