Yes he has PT. We saw that with HBL as well. But is that so wrong ? I appreciate him laying out his thoughts and then sharing the action he's taken. Roger's approach is not for everyone, but one thing I do like, especially in comparison to my investment style, is that he does seem very decisive and acts on the information he has. I tend to sit and stew a lot longer, sometimes until it is to late to take any action, preferring to ride it out knowing that with most stocks there will be ups and downs.
I think I am going to take this approach with this hiccup with Air New Zealand as well. All companies are going to have hiccups along the way. And then you rely on the calibre of the management to do their job effectively. I believe / hope that they are doing this.
Best,
RTM