VBA virgin blue holdings limited
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someone might take this out.., page-4

  1. capman
    5,048 Posts.
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    03/10/08
    14:36
    Post #: 4341969
    read the balance sheet.

    vba's cash position is BORROWED money.

    vba have NO FREE cash.....get the picture????

    it appears they have kept on borrowing cash to pay the bills and pay for their expansion and that is an ugly ugly scenario.

    you only have to take note of the relative strength of the qantas share price to get an indication of what the market thinks will happen to vba.

    cheers



    VBA Price at posting: 28.3¢ Sentiment: None Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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