QAN 1.09% $7.45 qantas airways limited

qantas and macquarie

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    I notice that Macquarie bank have been drafted by Qantas to help them see off a potential takeover. It's got to be one of the great tragedies that Macquarie were deprived of their opportunity to pay $5.75 (from memory) per share for Qantas in late 2007. "The smartest guys on the street" were only saved from their own stupidity by a couple of fund managers who were looking after large stakes in Qantas and blocked the offer as not representing full value for the company. $5.75 looks rather fully priced now.

    Reaper.
 
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