Very big overreaction here imo, but not overly surprising - so far this reporting period there has been some huge overreactions if profit hasn't gone up by more than the last period and/or if dividends haven't increased etc. There are deluded people out there with unrealistic expectations regarding growth. When you have such a large market share in an industry it's hard to continue maintaining the same % of profit, particularly in a competitive industry in a challenge time economically.
IAG is a stable, giant company it it's field and I'm highly confident they will bounce back, anything under $6 is a screaming buy and anything under 6.20 is a moderate buy. I think this will be $7 by the end of 2015. All my opinion only of course.
IAG lagging market?, page-27
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Last
$7.08 |
Change
-0.090(1.26%) |
Mkt cap ! $16.78B | |||
| Open | High | Low | Value | Volume |
| $7.17 | $7.18 | $6.99 | $46.34M | 6.551M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 27853 | $7.07 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.08 | 6682 | 1 |
View Market Depth
| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| IAG (ASX) Chart |