Thursday, May 08, 2008


A new investment in Qantas. It looks cheap despite high oil prices etc. The P/E ratio is 6.4 and the dividend yield is 11% (fully franked). CommSec analysts are very bullish on it. But the stock has kept on falling despite their high valuation. So just a small 1% of net worth position (1500 shares). Of course, buying an airline is also a bet against oil.

1 comment:

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