anthony albanese's qantas advice

Yesterday, Anthony Albanese suggested that the government should invest in Qantas because he thought it was a pretty good investment. He must have changed his mind from when he was a member of the government that sold it in 2003.

He thinks its a good investment, does he? Apart from the fact that his publicly-expressed opinions on this may infringe ASIC rules about giving unlicenced financial advice, it is interesting to see what criteria he assumes define a good investment;

1. Losing money, with increasing losses
2. No dividend paid for last five years
3. Downgraded credit rating to junk
4. Valuable leased assets sitting idle.
5. Putting off 1100 workers.

Yeah, that all sounds like a good company for the government to invest my tax money in. Who needs a return on investment anyway, the government will pay.