What fools are buying., page-39

The problem is that Jetstar is also suffering from strikes and reduced flights to Asia.
My view might be wrong, but QAN shares are up due to profits. So what will happen in 3 and 6 months time when their profits fall massively due to the current situation. I am taking a view that travel companies and those heavily exposed could see 52 week lows at some point in the next few months. Once this happens I will buy. But for now I think the risk is high. The travel bans will not be lifted for a long time. You need at least 14days clear of new infections before bans are lifted and we are a long way from that. I don't think we are really seeing the negative financial impact from this yet, but in 4-6 weeks it will start to filter through.

Thats my opinion, happy to be wrong and I wish those interested good luck. I want to add QAN but for me now is not the time.