good old Buffet...:t_up:
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He may be betting on increased American travelers to both local and international destinations based on Trumps policies.
- Tax cuts for the top income earners means more to spend on leisure
- Theoretically stimulated economy results in additional overseas travel (He has already finished the acquiring phase, and did so while prices were well down on this present level)
- Airlines acting as freight carriers, the stimulated economy will require many small to medium weight technology/engineering articles (most of my equipment comes from UK/Europe).
We are already seeing increased numbers of well to do Americans wanting to buy/live Here, and fly back there as required for periodic management tasks.
I wonder if he is also looking at Shipping. ??
He obviously is an avid reader of this thread - think his name might be Couta1........
$2.00 today team - who is with me??
Cramer on why Buffett buying airlines
http://www.cnbc.com/2016/11/15/crame...-airlines.html
Same reasons make AIR a compelling BUY
Warren Buffets new enthusiasism for airlines seems to be at odds with this headline;
http://www.reuters.com/article/us-ua...-idUSKBN13A27P
Warren has accumalated more filthy lucre than me so the odds are his opinions are worth more than mine.
Boop boop de do
Marilyn
Yeah baby!!
AIR.NZX - Air New Zealand Limited (NS) Ordinary Shares
Last VWAP Buy Sell High Low First Volume Value
200 ¢
(NZD)
16/11 16:59 NZT NS 198.06 199.5 200 200 196 197.5 1,467,008 $2,905,628
Well there are TA people and then there are TA people.
Depending upon the time-frames they work on some will have bought in a month ago and some since and some are maybe waiting still.
Main thing is that it well north of $1.78.
Best Wishes
Paper Tiger
Disc: Tiger current valuation $2.32; DYOR; Beware of the vegetarian option.