Originally Posted by
workingdad
Instos selling for a reason? Like they are always right. They are certInly more risk adverse. Just look at CEN when it was smashed down 30odd percent. Tiwai the magic gloom word amount other things Look at them now, one of the best investments I made was going against the grain of the wise instos.
Dick smith anyone? Perhaps Katmandu?
I'm not saying it's without risk but dollar for dollar AIR is a Better bet than most and there's not many companies that don't face competition. Compare AIR to other airlines and they well under value SP wise yet enjoy a domestic market that has survived more than one competitor and let's face it, jetstar aren't exactly a well polished machine.
Internationally yeah more significant competition and enough to impact on profits but not enough to warrant a less than solid year by histories standards.
Tourism, migration, fuel prices all in favor of a decent year. Generally business and play of today's day and age is increasingly involving air travel.
I don't agree with not balancing a portfolio to hedge ones bets but I am comfortable being a holder of AIR.