Because Qantas is the biggest grifter of taxpayer funding in Australia's post-covid chapter. Further, it is amazing that the board haven't sacked Alan Joyce. He's running the airline into the ground.
For these reasons, and the fact that $QAN is the most blatant bubble on the ASX, I am shorting this trash. I would've shorted Holden and Ford's Aus operations if they were ASX listed but they weren't. In any case they are examples of where Qantas is heading. A fool should be able to see it but these are the things that happen in equity bubbles - and the post-covid "everything bubble" is the dumbest equity bubble of all time.
Will QAN survive?, page-5017
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Last
$6.21 |
Change
-0.010(0.16%) |
Mkt cap ! $10.11B | |||
| Open | High | Low | Value | Volume |
| $6.25 | $6.27 | $6.18 | $23.05M | 3.707M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 16518 | $6.21 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.22 | 1478 | 2 |
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| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| QAN (ASX) Chart |