Annual Report 2009: http://www.hfm.com.au/funds/report/?id=176
Calender year 2009 passengers numbers are up from calendar year 2008 passenger numbers, reflecting a higher return for the company. This is despite that earnings were way down for the company for the 08-09 financial year.
So, if (and only if) we are going to see a return to a healthier economy, hopefully this will reflect in a better return if it means that consumer and business travel kicks up a gear. Besides, I think no better time to invest than just before the Christmas peak season for travel.
In addition (see graph), Williams %R is above 95% indicating an oversold stance, and the pattern indicates a likelihood of an upswing.
_________
Note 1: any attached images and links in my post are hosted on a third party website whose content I do not endorse or take responsibility for material therein.
Note 2: Do your own research. My views are for sharing, and debate, and should not be accepted as advice upon which decisions are made.
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