Yes, it averages $75M per launch for insurance. High risk and high reward. There is a whole insurance industry the focuses on catastrophic failure policies.
From: Adam Moffett Sent: Friday, September 2, 2016 9:26 AM To: [email protected] Subject: Re: [AFMUG] OT Stock I was wondering how (or if) they insure something like a satellite. "Let's see, you have a $200 million payload sitting on a stack of explosives....your insurance premium will be $220 mil please. " ------ Original Message ------ From: [email protected] To: [email protected] Sent: 9/2/2016 11:22:24 AM Subject: Re: [AFMUG] OT Stock I shorted Sprint a few years ago and made some good money. Sitting on TSLA watching it drop. I hope it goes to $150 or lower today. Funny how people are like a flock of turkeys in a turkey confinement facility. You walk into one of those, clap your hands and the place erupts. That rocket failure was a handclap in the turkey barn. And if I eat it, you can all experience shadenfreude... Got my whopping $350 dividend check from WFC and then dumped WFC yesterday. From: CBB - Jay Fuller Sent: Friday, September 2, 2016 9:13 AM To: [email protected] Subject: Re: [AFMUG] OT Stock Is anyone playing the Sprint game? I bought in at $2.34 back in 2009 for 175 shares. Sold some of that 5.63 back in 2011, it mus have split cause now i have 325 after just buying 175 more... current trading price? $6.27 ----- Original Message ----- From: Chuck McCown To: [email protected] Sent: Friday, September 02, 2016 9:38 AM Subject: Re: [AFMUG] OT Stock The short term thing is how I work TSLA. Hopefully it will drop into the $190s today and I will hold it for a few months. Get it back up in the $240s. I just hate seeing Wells returning the lowest of my portfolio. I have some nice index funds and others that are doing about 9%. From: Travis Johnson Sent: Friday, September 02, 2016 8:01 AM To: [email protected] Subject: Re: [AFMUG] OT Stock Wells Fargo is paying a 3.0% dividend right now... Tesla pays nothing. Tesla is also highly overrated according to everyone in the stock market. If it's a short-term thing, you may do OK... long term, you have to factor in the 3% you were making on Wells ($1,500/year) and compound that into the value. Wells is still one of Warren Buffet's biggest holdings. Travis On 9/1/2016 5:55 PM, Chuck McCown wrote: I am buying Tesla in the morning.� Just dumped 1000 shares of Wells Fargo to do it.�
