How could this stock do well in the next 12 months?
Yes I get it the Stock Market is forward thinking, but this Thursday the 25th June CEO Allan Joyce has advised August 2021 would be the earliest of any meaningful resumption in International travel. Now looks like early stages of a 2nd wave in Victoria so Domestic travels will also likely be iced.
This could fall to 3/4 bucks and look I understand Sydney Airports has very long-term debt and no immediate solvency concerns but where are any meaningful earnings??
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Why has SYD held up so well in the current economic enviorment?, page-23
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