What about this bit that 2017 profits will be solid but not at the level of 2016. I would not call that an upgrade.
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Forest, even if next years earnings were half of 2016, this stock would still be cheap relative to earnings. In fact, it would still have a PE of only about 10. Many others in the NZX50 are trading on PEs of closer to 40!~
Market seems happy if the first 10 mins are anything to go by! :cool:
Had a quick read of presentation and have decided to stay away from this one. Yield might be good, however capital appreciation (or lack of it) might not be worth the punt for me. Just my perspective though, GLTA.
True, but being an airline stock it is not unusual to get a number of years of declining profits following each other. Remember AIR Chief Strategy sold an substantial share holding recently as well as CFO and Group Council, between them there much be a good understanding of the company.
Sorry, but I don't interpret those sales as being a forebearer of gloom. Insider trading rules are pretty clear, and I think senior management know that....
Anyway, let's review this in a couple of year, which is my investment horizon. Anything between now and then is largely irrelevant to me personally.
Bottom line for me is its a blue chip stock currently selling at a discount with increasing divvys, happy to hold even though currently in the red.