Originally Posted by
Balance
Talked to a dealer at one of the broking houses over lunch - he said that there was a lot of tax loss selling from Australia leading to 30 June this year.
He himself now expects the sp to recover as the tax selling is now out of the way and as several posters have pointed out, Air NZ trades at an undemanding multiple (whatever the heck that means), provides an excellent dividend yield at the current level with the potential for a special dividend - few stocks around like that.