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Old 05-21-2020, 12:17 PM
 
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Quote:
Originally Posted by ParaguaneroSwag View Post
3 more notes for Houston. OXY acquired Anarko (which was a F500 last year), combining two of the F500s. NRG has a dual headquarters (similar to what Amazon is tryfing to do) which is consolidated in New Jersey but most headquarters operations are in Houston. And third, Fertitta Ent was entering F500 territory. Being a private company, they aren't forced to collaborate with Forbes, but their revenue was nearing 4B, and later acquired Del Frisco's, Palms and Houlihan's getting them close. Of course, with the hospitality recession, it may not get there next year.
Fertitta's company is private though, so its not really relevant here. There's quite a few private companies in Texas with F500-level revenue.

Quote:
Originally Posted by As Above So Below... View Post
Still almost all of the F500 companies in Houston are O&G.
True, but at least the most recent entrant (Crown Castle) and the likely next entrant (KBR) are both non-O&G. So... progress I suppose.
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Old 05-21-2020, 12:18 PM
 
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Quote:
Originally Posted by As Above So Below... View Post
Still almost all of the F500 companies in Houston are O&G.
According to Forbes, only 7 of the 22 companies are O&G. The 7 being

To be exact 17/22. Sysco, Waste Management, Group1 Automotive, Huntsman Corp, Crowne Castle being the non . On technicalities, Quanta Services isn't O&G but has enough ties to be considered. Westlake as well. Although Quanta's revenue is increasing dramatically fast, which hints they're diversifying like KBR. And Centerpoint is an energy company but not a traditional O&G company, which is why they're growing so quickly. Considering KBR enters next year, they'd be in between, since most of their new operations is tied to the military.

So at most, 17/22 and at least 13/22 are O&G depending on your criteria.

Last edited by ParaguaneroSwag; 05-21-2020 at 12:26 PM..
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Old 05-21-2020, 12:20 PM
 
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Quote:
Originally Posted by Mr. Clutch View Post
Fertitta's company is private though, so its not really relevant here. There's quite a few private companies in Texas with F500-level revenue.
Some private companies are listed in the F500 when they choose to collaborate. Fertitta Ent is unlikely to collaborate given their Mafia background. What are some of the other F500 level private companies in Texas?
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Old 05-21-2020, 12:25 PM
 
Location: Los Angeles-Houston-DFW
2,119 posts, read 1,123,535 times
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Quote:
Originally Posted by As Above So Below... View Post
American, Delta, United, and Southwest are, for sure, not going anywhere. They will return to profitability over time. The comparison to Amtrak is not valid.
Who knows. Airlines were nationalized before (pre Jimmy Carter) so no reason to think it'll never happen again especially if we want to look at flying as a utility. In a situation like this where they're being bailed out billions (after nickle-and-diming passengers for years) yet are hardly flying any passengers. Increasing it seems that people aren't going jump right into flying, plus the airlines are going to have to make big changes anywhere to whatever new guidelines will be imposed on us. Meanwhile the execs hoarding the money.
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Old 05-21-2020, 02:23 PM
Status: "Blasphemer of all Religion" (set 12 days ago)
 
Location: Houston, TX
2,606 posts, read 1,000,263 times
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Quote:
Originally Posted by DabOnEm View Post
Who knows. Airlines were nationalized before (pre Jimmy Carter) so no reason to think it'll never happen again especially if we want to look at flying as a utility. In a situation like this where they're being bailed out billions (after nickle-and-diming passengers for years) yet are hardly flying any passengers. Increasing it seems that people aren't going jump right into flying, plus the airlines are going to have to make big changes anywhere to whatever new guidelines will be imposed on us. Meanwhile the execs hoarding the money.
The market has officially bottomed out. The 2nd week of April the industry had just 3% of 2019 levels. Right now, were about 9%. The forecast is to be about 25% in July and about 50% by December. The consulting firm I work at has modeled this very particularly. The trend was revised upward recently.

Will the airlines have to make big changes based on new guidelines? Honestly the only changes that are made will involve additional sanitation and maybe temperature checks before boarding. This could manifest in a couple of ways:

1) Longer connections
2) Longer turn around times for airplanes.
3) Fewer interactions with airport employees

Here is what will not happen:

1) Airline re-regulation
2) Immunity passports as a requirement to fly (some countries may try and have them as a requirement to enter but they will be in the minority)
3) Removal of middle seats
4) Having to arrive four hours before departure due to all new implemented measures

You specifically mention re-regulation as a solution. You may not have been alive prior to 1979 (I wasnt), but the hoops the airlines had to jump through just to do very simple things were astronomical. You couldnt just start a new route within the US just because you had a plane and both airports agree on a time slot, you had to submit your request to a governmental authority. They could tell you if you had permission to fly from Las Vegas to Phoenix or from LA to NYC or wherever. Everything was slot controlled so if you wanted to fly a route but the government though there were too many carriers on the route, they would deny you thus destroying competition. The government set the pricing of the airlines. No airline could charge what they wanted. The prices the government set (adjusted for inflation) were MUCH higher than they are now.

I gather some frustration you may have with the airlines regarding being nickel and dimed. That has nothing to do with regulation. Instead, its your fault (when I say "your" Im referring to the American consumer not you specifically). As a society we voted with our business for what was important and the airlines heard us loud and clear: we dont care about the flying experience just make our tickets as cheap as possible. It was the race to make air travel as cheap as it could be that gave us branded fares. Basic Economy is the cheapest branded fare across airlines. This allows the consumer to buy a ticket for much less than the break even cost of the seat. But there is a catch: to make it that cheap they had to strip what came down with the fare to the bare bones. Americans love to complain about it, but this is what you (again the consumer) asked for. You got what you wanted. The race to the bottom happened because the consumer demanded it happen.

We also have to consider that the America of today is far more libertarian than America prior to 1979. We almost expect our government to operate on an a la carte system. Thats another huge reason it will never happen.

Heres the bottom line: the airlines that are in danger of going under are those that were not profitable before January 1, 2020. All the US major carriers ran profitable operations and therefore will not be allowed to go under. Carriers like South African Airways, TAME, and Alitalia may not make it because they were going broke beforehand. They do have a much greater chance of being nationalized. Carriers that were doing fine before this will make it through.
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Old 05-21-2020, 03:48 PM
 
1,322 posts, read 709,367 times
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Quote:
Originally Posted by ParaguaneroSwag View Post
Some private companies are listed in the F500 when they choose to collaborate. Fertitta Ent is unlikely to collaborate given their Mafia background. What are some of the other F500 level private companies in Texas?
The ones I can think of that generally are in the $5 billion+ revenue range you need to make the F500 are HEB, Michaels, and Gulf States Toyota. Maybe throw in Hunt Oil Company too though I'm sure their revenues are down right now. Dell was up there too before they went public a few years back. Neiman Marcus used to be in that realm not too long ago as well.

Forbes itself actually lists Fertitta Ent's revenue at $4.7 billion in 2018, so you're right that it belongs in that realm as well. It's definitely a top 5ish private company in Texas from a revenue perspective (or was pre-coronavirus).
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Old 05-21-2020, 04:00 PM
 
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Quote:
Originally Posted by Mr. Clutch View Post
The ones I can think of that generally are in the $5 billion+ revenue range you need to make the F500 are HEB, Michaels, and Gulf States Toyota. Maybe throw in Hunt Oil Company too though I'm sure their revenues are down right now. Dell was up there too before they went public a few years back. Neiman Marcus used to be in that realm not too long ago as well.

Forbes itself actually lists Fertitta Ent's revenue at $4.7 billion in 2018, so you're right that it belongs in that realm as well. It's definitely a top 5ish private company in Texas from a revenue perspective (or was pre-coronavirus).
Using $4.8B, this would make Fertitta Ent the #549 company in 2018. With the 2019 acquisitions, this likely would’ve been enough to get them in next year, but obviously with the hospitality recession, this likely won’t happen yet.

Neiman Marcus is private but it previously collaborated. It was listed #549 in 2019. In 2020 they didn’t appear in the F1000 list at all. I wonder what made them choose to not collaborate. My guess is either marketing purposes or their recent bankruptcy opted them out. But I’m not sure.

Last edited by ParaguaneroSwag; 05-21-2020 at 04:43 PM..
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Old 05-21-2020, 04:59 PM
 
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Holy! I didn't realize how big of a company they were. Gulf States Toyota alone was estimated at $9.2 Billion, and this is only one of their divisions. They're also the majority steak holders of Auberge resorts, film studios, logistics, etc. Hard to calculate what their entire revenue would come to.
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Old 05-30-2020, 07:12 AM
 
609 posts, read 367,898 times
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Quote:
Originally Posted by dallasboi View Post
Wow....The gap is widening
Houston is not really a competitor any more. New York is.
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Old 06-02-2020, 11:51 AM
 
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Quote:
Originally Posted by Jimmy1953 View Post
Houston is not really a competitor any more. New York is.
That's funny, especially since its entirely possible Houston may have more F500 companies than DFW by next year the way things are going now.
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