Has nobody mentioned the great rates on grabaseat today?
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Has nobody mentioned the great rates on grabaseat today?
Well that was a bummer of a day ... and a bummer of week really
Maybe these ceilings are real ..... not unheard of for stocks to trade on PEs of 3 or 4
Hope next week is better than this
Bought a bag of plane lollies today - $1,20 at Countdown - just to remind me
After such a strong gain over the last few weeks since the annual meeting when it started that day at $2.50 some consolidation around these level's is not unexpected and I did warn you that you'll have to be patient.
Senior managers have been helping themselves to a payday by cashing in shares recently exercised as part of their long term incentive plan so that hasn't helped.
The market generally has been surprisingly strong this month and its become quite difficult to find pockets of value remaining therein, ...with a few obvious exceptions :D
Be careful how many of those plane lollies you eat at once...don't want your health to crash and burn of your own making :)
While there is always plenty of somewhat contradictory advice on these forms, as always the golden rule stands; DYOR. If anyone is buying and selling based purely on comments from this forum, then they are being reckless.
Very interesting chart and shows that notwithstanding the worst global financial crisis since the great depression in 1929 that over the last decade despite wild swings in oil prices and economic cycles that AIR has outperformed the NZX50 2:1. This makes something of a mockery of the old adage that you shouldn't "marry" an airline stock.
Further, Chris Luxon claimed at the annual meeting that the company has never been better positioned so the outlook would appear to be very bright. In my view with the current extremely low PE the SP is well primed for a repeat of the last decade's performance. I fully intend to be a long term holder but each to their own and YES, definitely do your own research.
So what's wrong?
1/ It is a graph of about 13 years;
2/ (and the big jump in share price in 2004 is the dead giveaway for this one) the AIR data fails to account for the share consolidation;
3/ You are comparing a gross value with a capital value.
See this post for a better view of the data
The correct conclusion remains:
Air is cyclical and your returns have, historically, over any medium to long time frame varied between terrible and fantastic.
Best Wishes
Paper Tiger
PS. Past performance is not a guarantee of future returns.
LOL Dating cyclical stocks v marrying them ? Who would have thought an airline stock would give you an average 13% compound return over the last decade. Not many stocks have done this with obvious notable exceptions like RYM, FPH and other market darlings. Who's best positioned for the next ten years ? Stocks priced for absolute perfection trading on a PE of circa 30 or those trading on a PE of 5 ?
http://www.nzherald.co.nz/business/n...360&ref=NZH_Tw
The euphoria over winning the RWC will be the trigger that takes the AIR share price over $3 and beyond this week
Bring it on
And their planes are painted the right colour...this new Dreamliner has never looked so good http://www.airnewzealand.com/dreamli...n#!/experience :t_up: