Bells research says it has a 78c target price in August. Since then the stock has dropped another 15c. You would have to wonder if another airline or Branson himself, might not consider taking this out down here? That's me speculating of course, but the airline made its way through $150 oil and has about $600m in cash. That's $200m above its market cap and the other assets leave a net asset position of around $1b.VBA is capped sub $400m. The current oil price has dropped dramatically from its highs. They have over 32% of the domestic market. If you think the oil price might settle down around here, then it might be a classic buy. The markets may have a little push soon and the downside looks limited from what i can read. The share register is wide open now for someone to have a better chance as well since the TOL distribution. Please dyor as i am not an expert [clearly]. good luck.
VBA Price at posting:
28.7¢ Sentiment: None Disclosure: Held
