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Comment PUT attack? (Score 1) 70

So how long before someone takes advantage of this information to do a PUT attack (or a Distributed PUT attack?) on some businessâ(TM)s bucket, causing them thousands of dollars in expenses?

This should not be possible, with PUTs being be restricted by default, with only authorised or unprotected PUTs being charged.

Comment Re:I have to ask. (Score 1) 79

You don't even need to hire a guy, you just go ahead and do it, whether it makes sense or not, because you've got the money. Look at the various lunatic projects the oil states have been engaging in for the last decade or two, where two beers worth of analysis would tell you it's not going to work before you even start.

It's a public company. I seriously doubt the guy is spending any of his own money on this thing. It would be like saying Elon is spending his money to build Tesla factories - he's not, Tesla sells shares/bonds to other suckers, I mean investors, to pay for that.

That's the thing about being rich, you don't even need to use your own money to get even richer.

FWIW the company trades at a P/E of 208 which seems frankly insane for a utility company in a moderately mature industry.

Comment Re:I have to ask. (Score 1) 79

> "I don't even do the math any more," Sagar Adani told CNN in an interview

Someone did the math though... right?

It appears to be a publicly traded company, so I doubt he's even spending much of his own money. It's pretty insane that having the CEO of a business say they 'don't do the math' doesn't immediately result in the stock price collapsing and investors running for the hills. But hey-ho, apparently the efficiency of financial markets is unquestionable.

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