The irrational behaviour models of trading and long-term investing
Quote:
Originally Posted by
Roger
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Me, I have yet to see one plausible explanation of why analysts are forecasting similar eps earnings for QAN in FY17 and FY18 to Fy16 and yet analysts are calling the peak for AIR in Fy16 with really substantial falls in those latter years ?
If Airlines are indeed cyclical then they're all cyclical right and Qan can't be immune.
This dichotomy in the way Australian analysts are valuing QAN and the way N.Z. analysts are valuing AIR is very difficult to understand.
How does one explain this, two direct competitors operating in close geographical proximity, both commodity based economies, both subject to ostensibly similar macro economic factors, tourism, oil prices, competition, global economic factors e.t.c.
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Qantas thread is here, seems no one on ST is interested in them.
The answer to the above is fairly straight forward, you should be able to work it for yourself.
Quote:
Originally Posted by
Roger
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Be greedy when others are fearful Warren Buffet
He also does not buy into airlines.
Best Wishes
Paper Tiger