Welcome to the discussion Berry. If you hang around a bit you'll see there is a lot of emotion thrown around regarding Qantas. A lot of it is pure mouth-frothing anger, especially at AJs legacy and that "bail out" during the pandemic. I do agree with you. Qantas is approaching heavily oversold and I'm waiting for the Feb 24 annual results to guage how business is really going. I don't anticipate much of a huge change.
The recent fall is based largely on negative news regarding Qantas, rising oil and a falling Australian dollar. But the former is fading into the background as The Voice referendum comes closer. Whenever you throw a bone, a Woke dog will always chase, and that's our pathetic legacy media.
Australia is exactly where I said it would be ten years ago: an overheated property market, inflation, and mortgage stress all around. Both sides of parliament have failed in that endeavour. Hopefully they grow another brain cell and lift that foreign ownership cap.
Welcome to the discussion Berry. If you hang around a bit...
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