VBA
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0.00% 35.5¢ virgin blue holdings limited

is oil the only reason for the downturn...., page-3

  1. JrowL
    837 Posts.
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    23/09/08
    14:34
    Post #: 4302250
    Hardly, oil fell to $90 and the stock was trading in the $.45 range.

    The main reason it Virgin went into debt of 2 billion to order 60 new jets in a market that is slowing, grounding planes and over capacity.

    All the companies that have tried to grow by going into debt are being smashed, I don't see how VBA can pay back it's 2 billion debt.
    VBA Price at posting: 34.6¢ Sentiment: None Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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